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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

06 - 10 December	weekly forecast 06 - 10 December Buy Gold Gold Weekly Review Wave Analysis Last week, Gold markets rallied to the lower side but could not break below the level 1760.65. As long as the price does not clearly break and close below this level, this remains to be a good place to consider a possible long term buy position. The anticip More
2021	EURUSD	GBPUSD	USDJPY
10 December	We're sellers towards 1.1190 Wave Analysis: Yesterday, the US Dollar rallied to the lowerside and is still pretty much bearish both on the daily and on the 4 hours chart. As we mentioned during the previous session, we are looking forward to a possible long term sell position and may see the price break and close below 1.1167 More	We're sellers. Wave Analysis: The British pound closed as a bullish candle. However, this is the continuation of a retracement to the upperside but should not go beyond 1.33552. As long as the price remains below this level, I expect nothing but a possible long term sell position towards 1.27930 and may continue More	We're still looking for low risk buy positions towards 115.90 Wave Analysis: During the previous trading day, nothing much happened on the USD Dollar, following the bounce from the lower supportive, we are yet to see any significant moves to the upperside as it is right now, we are looking forward to an impulsive wave count and may see the price break beyond More
09 December	We're sellers towards 1.10995.	We're watching for a possible break and close above 1.32380 to pick a possible long term buy positions.	We're buyers towards 118.90.
08 December	We're sellers towards 1.10995.	We're on the sidelines.	We're buyers towards 115.440.
07 December	We're on the sidelines.	As long as the price remains above 1.32279, we expect nothing but a possible rally towards 1.34281.	We're buyers towards 118.90 and may continue much higher.

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Elliott waves analysis

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