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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

15 - 19 March	weekly forecast 15 - 19 March Weekly Review SPX500 weekly Review Wave analysis A few days ago, SPX500 continued to the upperside after rebounding from the lower trendline and is still pretty much bullish. while the price remains above the upper trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish More
2021	EURUSD	GBPUSD	USDJPY
19 March	Wait Wave Analysis Nothing much appear to be happening on this pair. While the price remains above the zone 1,1854-1.18343, we are on the sidelines, we are waiting for a clear rebound from the same zone to pick a possible low risk buy position expecting price to rally to the upper side with an ultimate More	Wait and buy a break below 61.8% fib level towards 1.40 Wave Analysis Just as Euro, nothing much appears to be happening on his pair, the price is still struggling within 61.8% fib level and 38.2 % fib level. If the price breaks and closes below 61.8% fib level, then we'll be looking for a possible long term sell position towards 1.35710. A break below More	Sellers Mode Wave Analysis We 're yet to see a clear rebound from the upper trendline. While the price remains below the upper. This will give us a good place to consider a possible long term sell position. The anticipated bearish price rally is the continuation of an impulsive wave cycle and could see price b More
18 March	We are on the sidelines.	wait	Waiting for a sell position.
17 March	wait	wait	Expect a possible sell position from the upper trendline towards 104.959.
16 March	Look for long term buy positions towards the upper trendline.	Buy a breakout above 38.2% fib level towards 1.41900.	Expect a possible sell from the upper trendline.
15 March	:Remain long towards 1.20915	Remain long towards 1.44	Wait for a sell from the upper trendline.

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Elliott waves analysis

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