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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

13 - 17 September	weekly forecast 13 - 17 September Weekly Review Gold Weekly Review Wave Analysis During the few days ago, gold bounced off from the lower trendline but is currently approaching the same support trendline to pick a low risk buy position. In case the price breaks and closes below this trendline, then further momentum to the lowersid More
2021	EURUSD	GBPUSD	USDJPY
17 September	We're sellers towards 1.1719 Wave Analysis: Euro is currently an in active downtrend. As long as the price remains below the upper trendline, we are looking forward to the continuation of the last impulsive wave (E) to the lowerside and should see the price break and close below 1.1719 or even lower. If yu are looking at this More	We're sellers towards 1.37 Wave Analysis: During the previous trading day, the British pound bounced off from the upper trendline and is still pretty much bearish both on the daily and on the weekly charts. A it is right now, we're looking forwards to a continuation of the last impulsive wave (E) to the lower side and should More	We're buyers Wave Analysis: The US dollar is currently rallying to the upper side. As long as the price remains within the descending wedge formation, we expect buyers to push price to the upperside towards the upper trendline and should continue even higher. If you are on this chat now, keep looking for buy po More
16 September	We're sellers towards 1.16	Wait	We're sellers
15 September	We're on the sidelines	We're looking for sell positions towards 1.3634	We're likely to see sellers take control towards 107.270
14 September	We're buyers towards 1.1849	We're buyers	We're flat.
13 September	Conservative traders should wait and buy a breakout above the upper trendline towards 1.2123.	We're buyers towards the upper trendline.	Buy a breakout above the upper trendline towards 112.90..

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Elliott waves analysis

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