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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

21 - 25 December	weekly forecast 21 - 25 December Weekly Review SPX500 Weekly Review Wave Analysis Last week, SPX500 continued to the upperside and i still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the Alligator lines, we expect nothing but a possible momentum to the upperside. The anticipated bullish More
2020	EURUSD	GBPUSD	USDJPY
24 December	Wait Wave Analysis Just as previously anticipated, Euro pulled back to the upperside but is still below the upper trendline. As long as the price remains below the upper trendline, we are looking for a possible momentum to the lowerside. The idea is to wait for a bounce from the upper trendline to pick More	Remain long towards 1.36310. Wave Analysis The British pound is currently in an active up trend. As it is seems that the price may eventually breakout above the end of the last impulsive wave (5) to the upperside and should breakout above 1.36720 towards 1.370 or even higher. A rebound from the the upper trendline will provide More	Sell a break below the lower trendline. Wave Analysis Nothing much happened on this pair, the US dollar is still within the two wide wedge lines. As it is now, we are eyeing a possible rally towards the upper trendline and should not breakout above it. If the price breaks below the inner lower trendline, then this will be a good place to More
23 December	Remain short temporarily towards 1.21360.	Wait for a rebound from the 61.8% fib level to pick a low risk sell position.	Sell a rebound from the upper trendline or a break below the lower trendline towards 102.855.
22 December	Bullish Pin bar candle	Look for low risk buy positions towards 1.38.	Look for a low risk sell position towards 102.530.
21 December	Look for long term buy positions.	Wait and buy a rebound from the blue line towards 1.37240.	Remain short towads 102.530.

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Elliott waves analysis

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