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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 September	weekly forecast 21 - 25 September Buy Gold Gold weekly Review Wave Analysis Last week, nothing much happened on this symbol. As long as the price remains above the lower trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (E) to the upp More
2020	EURUSD	GBPUSD	USDJPY
25 September	Wait Wave Analysis Yesterday, nothing much happened on this pair, we expected a possible rally towards 1.17115, however, the price could not breakout any higher. As it is now, we are waiting for a clear breakout below the previous day's highest high to pick a low risk buy position or a breakout below th More		Sell a bounce from around 105.504 towards 103.710. Wave Anlysis Yesterday, USDJPY rallied to the upperside but could not breakout above 105.505-105.387. As long as the price remains below this zone we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of a bearish price rally and could More
24 September	Remain short towards 1.145.	Wait for a sell position	Buy a break above 105.525 with your target at 110.00.
23 September	We're sellers.	Wait for a resell from 38.2% fib level.	Sell a bounce from the upper trendline.
22 September	Look for sell positions towads 1.13753.	Sell A breakout below 1.27644.	Waiting for a sell from the upper trendline towards 103.790.
21 September	Wait and buy a bounce from the lower trendline towards 1.19855.	Sell the British pound from 1.30532.	Wait and buy a bounce from 104.617-104.182.

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Elliott waves analysis

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