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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.

Elliott waves analysis

10 - 14
August
weekly
forecast
10 - 14
August

Gold weekly Review  Wave Analysis According to the daily chart attached, we're in an active up trend. As long as the price remains above the Alligator indicator attached, we expect nothing but a possible momentum to the upper side. However, according to the Stochastic attached, Gold has bee

2020 EURUSD GBPUSD USDJPY
14
August

Wave Analysis During the previous trading day, nothing much happened on this pair, EURUSD ended up closing below the Wednesday's highest high. As it is now, we expect either a continuation to the upper side towards 1.18782 and could breakout to the upper side. the anticipated bullish price rally i

Wave Analysis Last week, we saw a new high when the British pound ended up around 1.31650 but could not breakout any higher. As it is now, we are expecting a possible correction to the lowerside but should not go below the supportive trend line. We are basically waiting for a correction to the l

Wave Analysis After bouncing off from the supportive level 104.671, the Us dollar continued to the upper side but is still several pips away from our target set along the upper trend line, as it is now, we are waiting for a bounce from the upper trend line to pick a possible long term sell position

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August
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