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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

22 - 26 November	weekly forecast 22 - 26 November Buy Brent Oil now Brent Oil Weekly Review Wave Analysis: Last week, the Brent oil surged significant to the lowerside but failed to break below the support level 76.732. This is a major support zone and while the price is not able to clearly break and close below it, we expect a rebound from it to pick a possible More
2021	EURUSD	GBPUSD	USDJPY
26 November	We're sellers towards 1.11. Wave Analysis: During the previous trading day the Euro ralled to the lowerside and is still showing signs of continuing much lower. On this chart, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the the last impulsive wave (5) More	We're looking for a possible long term sell positions Wave Analysis: According to the daily chart attached, we expect a possible extension of the last impulsive wave (v) to the lowerside and should see the price break and close below 1.1090 and may extend much lower. On this chart, sell positions looks ideal and can safely be recommended. As it is no More	We're buyers towards 118.90 Wave Analysis: During the previous trading day, the US Dollar continued to the upper side and is still pretty much bullish both on the daily and on the weekly charts. As we mentioned previously, we expect nothing but a possible rally much higher towards 118.89 and may continue much higher. Sell po More
25 November	We're sellers towards 1.3266	We're sellers towards 1.31	We're buyers towards 123.89
24 November	We're sellers towards 1.10	We're sellers towards 1.32	We're buyers towards 116.767
23 November	We're sellers 1.1243	We're sellers towards 1.30	We're We're buyers towards 119.90
22 November	We're sellers towards 1.11275.	Expect a possible rally towards 1.35765	We're on the sidelines

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Elliott waves analysis

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