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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

28 December 2020 - 01 January 2021	weekly forecast 28 December 2020 - 01 January 2021 Buy #WTI WTI Weekly Review Wave Analysis WTI is above the Alligator indicator lines, as long as the price remains above the Alligator lines, we expect nothing but a possible momentum to the upperside is expected. At this point, we are looking for buy positions strictly, the idea is to wait for pull More
2020 - 2021	EURUSD	GBPUSD	USDJPY
31 December	We're buyers Wave Analysis Euro continues to rally to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the blue line, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation o More	Look for long term buy positions towards 1.36490. Wave Analysis The British pound is currently in an active up trendline. We're expecting a possible continuation to the upper side and should breakout above 1.36490 towards 1.378 or even higher. A rebound from the upper trend line will attract a possible sell position towards the lower trendline. If More	Remain short towards 102.710. Wave Analysis The Us Dollar continues to rally to the lower side perfectly as previously forecasted, on this chart, as long as we continue to see sustenance below 103.910 and below the upper blue line, we are looking for long term sell position towards 102.710. The anticipated bearish price rally i More
30 December	Remain long towards 1.245.	Look for low risk buy positions towards 1.36490.	We're sellers.
29 December	Look for low risk buy positions.	Look for sell positions towards 50.0% fib level.	We're looking for a sell position towards 102.700.
28 December	Look for low risk buy positions towards 1.22745.	Sell a rebound from 1.35762 towards 1.34655.	Look for low risk sell positions towards 102.770.

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Elliott waves analysis

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