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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

08 - 12 March	weekly forecast 08 - 12 March Weekly Review SPX500 Weekly Review Wave Analysis During the previous trading week, SPX500 bounced off from the supportive trendline but failed to move to the upper side as previously expected. On this chart, we expect nothing but a possible momentum to the upperside. The Anticipated bullish price rally is th More
2021	EURUSD	GBPUSD	USDJPY
12 March	We're upwards towards the upper trendline. Wave Analysis Last week, Euro bounced off from the zone 1.18543-1.18343, headed to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As it is now, we are expecting a possible momentum to the upperside towards the upper trendline. If the price bounces off fr More	Remain long towards 1.41900. Wave Analysis After a rebound from around 61.8% fib level. The British pound continues to the upperside and is still pretty much bullish both on the daily and on the weekly charts. While we continue to see sustenance above 61.8% fib level we expect nothing but a possible momentum to the upperside More	We're looking forward to a possible sell position from the upper trendline. Wave Analysis So far, we've not seen any serious adjustment to the upper side on this symbol. As we said during the previous trading day, we are waiting for a clear rebound from the upper trendline to pick a possible long-term sell position. Our idea is to wait for a clear sell signal which should More
11 March	Wait for a rebound from around 1.18534 to pick a possible long term buy position.	Wait	Wait for a sell from the upper trendline towards 104.959.
10 March	Wait for a rebound from the upper trendline to pick a low risk sell position.	Look for long positions towards 1.40625.	Expect a possible rally to the upperside towards 1.21100.
09 March	Wait	Expect a possible sell towards 1.37030	We're upwards the upper trendlin
08 March	Wait and buy a rebound from the immediate trendline or wait and sell a break below 1.18300	Wait	Wait fior a pullback to pick a low risk buy position with an ultimate target at 109.607.

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Elliott waves analysis

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