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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 March	weekly forecast 22 - 26 March Weekly Review Gold Weekly Review Wave Analysis Few days ago, gold rallied to the lowerside after breaking below 1774.09 and is still pretty much bearish. Last week, gold gained value to the upperside but is yet to reach the level 1774.09. If you are looking at this chart now, wait for a rebound from t More
2021	EURUSD	GBPUSD	USDJPY
26 March	Remain short towards 1.16060. Wave Analysis During the previous trading day, after breaking below the zone 1.18543-1.18343, Euro continued to the lower side and is still pretty much bearish both on the daily and on the weekly charts. While we continue to see sustenance below this zone, we are looking for long term sell positio More	Wait Wave Analysis The British pound continues to rally within a range, not going above 23.6 fib level or below 61.8% fib level. If you are looking at this chart now, wait and buy a rebound from 61.8% fib level and a rebound from 23.6% fib level to pick a sell. If the price breaks above 23.6% fib level More	We're still sellers Wave Analysis During the previous trading day, we saw a slight rally to the lowerside but we're still expecting further acceleration even lower. If you are looking at this chart, you should be looking for long term sell positions with your first take profit at 107.80 and the next target at 104.74. More
25 March	We're sellers	Wait for a pullback to pick a low risk sell position.	We're short towards 104.74.
24 March	Remain short towards 1.11.	Look for long term sell positions towards 1.35.	Sell a rebound from the upper trendline towards 104.74.
23 March	Temporarily on the sidelines.	Wait for a possible rebuy from around 1.3806.	wait
22 March	Wait for a rebuy from 1.18543-1.18343 towards the upper trendline.	wait	Remain short towards 104.959

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Elliott waves analysis

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