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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.

Elliott waves analysis

20 - 24
December
weekly
forecast
20 - 24
December

Brent Oil weekly Review   Wave Analysis During the previous trading week, Brent oil  bounced off from the lower trendline, headed straight to the upperside and is still showing signs of continuing much lower. As it is right now, we are looking for further momentum to the upperside and m

2021 EURUSD GBPUSD USDJPY
24
December

Wave Analysis Yesterday, nothing much happened on the Euro, we expected a possible rally and a rebound from the upper trendline, however, the price barely bounced off from this trendline, as it is right now, I expect nothing but a possible rally to the lower trendline. If the price breaks below thi

Wave Analysis: During the previous trading day, the British pound rallied to the upperside and even went above the level 1.3373. As long as the price remains above this level I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the l

Wave Analysis: Yesterday, the US Dollar rallied to the upperside and is still showing signs of continuing much higher. As it is right now, I expect nothing but a possible momentum further to the upperside towards the upper trendline. On the flipside, if the price break below the lower trendline, th

23
December
22
December
21
December
20
December
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