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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

09 - 13 August	weekly forecast 09 - 13 August Weekly Review WTI Weekly Review Wave Analysis WTI is currently bouncing from the supportive trendline. As long as the price remains above this trendline we are looking for a possible momentum to the upper side. The anticipated bullish price rally is the continuation of the last impulsive wave (E) to the More
2021	EURUSD	GBPUSD	USDJPY
13 August	We're short towards 1.16303. Wave Analysis Since the previous trading day, nothing much has happened on this pair, we are still seeing struggling below the same trendline. As it is right now, we are looking for a possible long term sell positions. The anticipated bearish price rally is the continuation of the last impulsive w More	We're buyers towards 1.35. Wave Analysis: According to the weekly chart attached, the British pound is currently in an active up trend. And as long as the indicator shown above is blue, we are looking for long term buy positions expecting the price to beak beyond 1.45 and may extend much higher. This view will only be rende More	Buy a break above 110.586 towards 112.00. Wave Analysis During the previous trading day, nothing much happened on this pair, we anticipated a possible breakout above 110.586, unfortunately, the price failed to close above it. As we mentioned in our previous analysis, sellers are sited within 110.586-110.499. If the price breaks and closes More
12 August	We're sellers towards 1.16303	We're buyers towards 1.44	We're sellers towards 109.810.
11 August	We're sellers towards 1.16.	We're sellers	We're we're buyers towards 112.90
10 August	Wait	We're sellers towards the lower trendline.	We're buyers towards 110.597
09 August	As long as the price remains below the supportive trendline, we are looking for sell positions towards 1.16350.	We're sellers towards the lower trendline.

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Elliott waves analysis

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