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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

02 - 06 November	weekly forecast 02 - 06 November Sell Lukoil Lukoil weekly Review Wave Analysis For Almost 6 week's now, look oil has been in an active down trend. While the price remains below the Alligator indicator attached we are in an active down trend. The anticipated bearish price rally is the continuation of the last impulsive wave ( More
2020	EURUSD	GBPUSD	USDJPY
06 November	EURUSD within a descending flag formation Wave Analysis Euro continues to consolidate within the descending flag formation and is currently around the upper trendline. Few days ago, the price go rejected from the supportive horizontal line 1.16329, we expect this rejection to have marked an end to the last impulsive wave (c), that the cur More	Look for buy positions now towards 1.31680. Wave Analysis Yesterday, the British pound surged significantly to the upper side and even went above 1.31210, now that the price has pulled back to the same place, we're considering low risk buy positions with our targets set around 1.31525 and could breakout much higher towards 1.31680. If the p More	Remain short with your target at 102.00. Wave Analysis The Us Dollar is currently in an active down trend. While the price remains below the three lines of the Alligator indicator attached, we expect nothing but a possible momentum to the lower side. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the More
05 November	Wait	sell a rejection from 1.30404 towards 1.29381.	Remain short towards 104.087.
04 November	Look for sell positions towards the lower trendline.	Wait	Look for sell positions towards the lower trendline.
03 November	Wait for a sell from around 1.17192	Remain short with an ultimate target around 1.28385.	Wait and buy a rebound from the lower trendline towards 104.875.
02 November	Remain short	Wait	Remain long towards 104.961.

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Elliott waves analysis

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