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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

10 - 14 January	weekly forecast 10 - 14 January Weekly Review SPX500 Weekly Review Wave Analysis: During the preevious week, the SPX500 rallied to the lowerside and even went below a very signifcant level. However, on this chart, our main focus is only on buying, we just want to see a clear break above the previous week's highest high to pick a possi More
2022	EURUSD	GBPUSD	USDJPY
14 January	We are on the sidelines now,waiting for price at the lower trendline to pick a buy. Wave Analysis: This pair has been tradimg with the upper and the lower trendlines,I expect the price to move from the current position 1.1475 to the lowe trendline to complete the corrective wave 4,then proceeds upwards upto 1.1525,or even more bullish momentum to the upperside in accordnce with t More	We are buyers towards 1.3795. Wave Analysis: This pair is on an uptrend as it is right now,expect a possible momentum to upperside with an ideal target at 1.3795 to omplete impulsive wave 5. Should the price break and closes above this level 1.3795,I expect a further bullish move to the upperside and that would be an ideal leve More	We are sellers from 114.85 to 112.45. Wave Analysis: Currently the US Dollar is on a downtrend on this four hour chart,the price has been rallying along the upper trendline and it has bounced back to the lower trendline.I expect the price to go upto 114.95 from the lower trendline,then continue to the lower side upto 112.75,to complete More
13 January	We are sellers towards 1.0950.	We are sellers from 1.3704 towards target level 1.3015.	We are buyers towards 117.25.
12 January	we are on the sidelines waiting for a clear signal.	Sell corrective wave 4,buy impulsive wave 5.	Expect the price to move from 115.37 to 114.95
11 January	We are on the sideline waiting for a clear signal.	Expect bullish momentum towards 1.3640.	pick a buy from 113.15
10 January	We're waiting for a bounce from the upper trendline to pick a sell, or a break above it, to pick more buy positions towards 1.1540.	Wait for a bounce from 1.3596 to pick a sell.	Buy from 115.47 to 118.0.

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Elliott waves analysis

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