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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

11 - 15
October
weekly
forecast
11 - 15
October

 Gold Weekly Review Wave Analysis During the previous week, Gold markets rallied to the upperside and is still pretty much bullish both on daily and on the weekly charts. As it is right now, on the 4 hours chart attached, we're looking for a possible long term buy position towards the upper

2021 EURUSD GBPUSD USDJPY
15
October

Wave Analysis: Instead of continuing short as previously anticipated, Euro appears to be gaining momentum to the upperside. We expect the move seen during the previous day, to the upperside to be the continuations of a correction to the upperside and should end very soon. If the price should fall b

Wave Analysis: Just as previously forecasted, the British pound continued to the upperside and even hit our stop loss. As long as the price remains above the previous day's highest high, we are now buyers, basically, we are expecting a possible rally towards 1.45 and may extend much higher. On the

Wave Analysis: Instead of a correction to the lowerside, the US Dollar continued to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As we mentioned during the previous day's analysis, we are buyers on this chart, we are looking forward to a possible breako

14
October
13
October
12
October
11
October
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