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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

26 - 30 April	weekly forecast 26 - 30 April Weekly Review Dow Jones Weekly Review Wave Analysis After establishing a swing high around 34080, Dow is yet to make a clear corrective move to the lowerside. As it is now, we are expecting a possible breakout below 23.6% fib level, towards 38.2% fib level and may breakout much lower. The anticipated More
2021	EURUSD	GBPUSD	USDJPY
30 April	As long as the price remains above the upper trendline keep looking for long term buy positions towards 1.22365. Wave Analysis Earlier this week, Euro successfully broke above the upper trendline and is still pretty much above the same trendline. As it is now, keep looking for long term buy position expecting the price to breakout above 1.22365 and may extend much higher towards 1.23641. As it is now, sel More	We're looking for a buy above 1.40200 towards 1.42165. Wave Analysis We continue to see struggling within the range 1.40200 and 1.36925. As long as the price does not clearly break beyond any of these levels we are only interested in reversals. A reversal from 1.36925 will attract a buy while a reversal from 1.48200 will attract a possible sell tow More	We're sellers towards 104.959. Wave Analysis After a failed attempt to break above the upper trendline, the US Dollar continues to remain below the upper trendline. This is a possible sign that sells are back in control on this chart. As it is now, we are looking for long term sell position expecting the price to continue to More
29 April	Wait	Wait and sell a rebound from the upper trendline towards 1.37045.	Wait
28 April	We're on the sidelines.	Sell a rejection from the upper trendline.	Wait
27 April	Look for low risk sell positions towards 1.18543.	The British pound is within a range	We're upwards towards 108.648.
26 April	Sell a rebound from the upper trendline towards 1.18543.	Wait	We're looking for long term sell position towards 104.959.

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Elliott waves analysis

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