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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

17 - 21 January	weekly forecast 17 - 21 January Gold is within a range Gold Weekly Review Wave Analysis Gold is currently trading within a range. As long as the price remains below the level 1849.21 and above 1728.30, I expect nothing but a possible momentum to the lowerside. As it is right now, I expect a possible break below the lower trendline and also bel More
2022	EURUSD	GBPUSD	USDJPY
21 January	We are buyers Wave Analysis: The Euro bounced back from the upper trendline to the lower trendline in the previous corrective wave count,we currently expect momentum to the upperside towards 1.1495 or even muuch further.On the flipside if the price breaks and closes below the lower trendline the n that would be More	We are buyers from 1.3588 towards 1.3845. Wave Analysis: This pair has been rallying between the upper and the lower trendline for a while now,currently the price is in a corrective move at the lower trendline,As the price is we are looking for bullish momemtum towards 1.3845 which is on the upper trendline in a move to complete the impul More	We are buyers from 113.65 towards 114.45. Wave Analysis: The US Dollar is curently on a downtrend,as it is now we are waiting for a rebound to the upper trendline then the price to continue to the lower trendline in a move to complete the corrective and impulsive waves counts.If you are in this chat now you should look at buy positions aro More
20 January	Wait for a break above the resistance zone to pick a buy towards 1.1495.	We are sellers towards 1.3515.	We are buyers for now.
19 January	We are sellers towards 1.0880.	We are sellers with our take profit at 1.3020.	We are buyers with an ideal target at 116.
18 January	We are buyers from 1.1400 with our target at 1.1510.	We are sellers from the upper trendline with an ideal target at 1.3560.	We are buyers towards 115.40.
17 January	We are sellers from 1.1418 towards 1.0945.	We are sellers from 1.3675 with an ideal target at 1.3050.	We are buyers from the lower trendline up to 117.05

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Elliott waves analysis

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