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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 February	weekly forecast 15 - 19 February Weekly Review Gold Weekly Review Wave Analysis Late last week, Gold rallied to the lower side and even closed below the zone 1829.250. As long as the price remains below this level, we are sellers, we are basically waiting for a bounce from the same level to pick a possible long term sell position towards the More
2021	EURUSD	GBPUSD	USDJPY
19 February	Wait Wave Analysis Yesterday, Euro pulled back to the upper side but is still below the upper trendline. If the price breaks and closes above the upper trend line, then this will be a good place to consider a possible long term buy position with an ultimate target set at 1.23495. An break above this lev More	Remain long towards 1.40320. Wave Analysis As previously expected, The British pound continued massively to the upperside and is still pretty much bullish both on the daily and on the weekly charts. If you are looking at this chart, keep looking for long term buy positions expecting price to break above 1.39930 towards 1.40. T More	Wait for a possible buy from 104.459. Wave Analysis The US dollar rallied to the lowerside and is currently slightly below 105.850. We expect this bearish move to be a corrective wave count and should not break below 104.459-104.302. If you are looking at this chart right now, remain on the sidelines, alternatively, place a pending buy More
18 February	Wait for a buy from around 1.19626-1.19270 towards 1.23495.	Wait for a buy from around 1.37478-1.37347 towards 1.39540.	Place a pending buy limit order at 105.489 stoploss below 104.459 and take profit at 107.948.
17 February	Wait for a buy position from around 1.19599-1.19316 towards 1.23795.	Stay on the sidelines for now.	Wait
16 February	As long as the price remains above 1.21195, we are upwards towads 1.23795	Remain long.	Wait for a low risk buy position towards 106.129.
15 February	Remain long towards 1.23795.	Remain long towards 1.39303	Look for long positions towards 106.129

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Elliott waves analysis

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