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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

31 January - 04 February	weekly forecast 31 January - 04 February Buy WTI WTI Weekly Review Wave Analysis During the previous trading week, Brent oil rallied to the upperside and is now above the upper resistance zone 83.33. While the pricee remains above this level, I expect nothing but a possible momentum to the upperside, the anticipated bullish price rally i More
2022	EURUSD	GBPUSD	USDJPY
04 February	Wait. Wave Analysis: This pair is in a corrective wave cycle, the price is currently on the upper trendline, we are waiting for a rebound from the upper trendline towards the lower side, we expect the current candle to close below 1.1469,in order to pick sell positions towards 1.0910,on the flipside shou More	We are buyers towards 1.3660. Wave Analysis: Yesterday the Great British Pound bounced off from the lower trendline and is currently headed upwards in line with the upward trend,if you are at this chat right now look for low risk short term buys towards the upper trendline,we expect the price to continue upto 1.3660 in compliti More	We are buyers with our ideal target at 116.20. Wave Analysis: Previously the US Dollar rallied to the lower side but the price is currently headed upwards after a rebound from the lower trendline,as it is now we expect strong bullish momentum towards 116.20.if you are looking at this pair right now we are buyers with our first target at 116.20 More
03 February	We are buyers towards 1.1365.	We are short towards 1.3375.	We are sellers towards 113.75.
02 February	We are sellers towards 1.0940	We are sellers with our ideal target at 1.3040	We are waiting for a low risk sell position towards 114.55.
01 February	We are sellers towards 1.1045.	We are short towards 1.3005.	We are buyers towards 116.80
31 January	We are sellers towards 1.0870.	Wait for a clear trading sign.	We are buyers towards 117.30.

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Elliott waves analysis

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