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Elliott waves analysis

This forecast is based on the Elliott Wave Principle which states that investor psychology is the motor behind the stock markets. In this analysis however, the analyst not only observes the previous price patterns, but also takes into account the correlation between different pairs before releasing forecasts.

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Elliott waves analysis

25 - 29 April	weekly forecast 25 - 29 April Weekly Review Gold Weekly Review Wave Analysis: Last week, Gold rallied to the lowerside but is still above 1914.89. As it is right now, I expect the price to continue to the lowerside but should not break below 1914.89. Ideally, we are looking for a possible rebound from around 1914.89 to pick a possible lon More
2022	EURUSD	GBPUSD	USDJPY
29 April	We are on the sidelines. Wave Analysis; The Euro has been trading within the upper and the lower trendline for a while now,during the previous trading days, the price bounced off from the corrective wave cycle two and and rallied towards the lower side at the impulsive wave cycle three.The price then rebounded to the uppe More	Wait. Wave Analysis: The Great British Pound is currently rallying to the lower side,recently the price bounced off from the corrective wave cycle four towards the lower side at the impulsive wave cycle five.The price rebounded from the lower trendline and its currently at the upper trendline.I expect a More	We are buyers towards 132.45. Wave Analysis: This pair is trading on an uptrend,during the previous trading days,the price rallied along the lower trendline but eventually rebounded to the upper side at the impulsive wave cycle three.Recently the price bounced off from the upper trendline and its headed towards the lower trend More
28 April	We are sellers.	We are sellers.	We are buyers.
27 April	Wait.	Wait.	We are short term buyers towards 128.25.
25 April	Wait.	We are buyers towards 1.3030.	We are buyers towards 131.05.

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Elliott waves analysis

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