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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

31 August - 04 September	weekly forecast 31 August - 04 September Buy APPLE shares APPLE Weekly Review Wave Analysis Last week, the price of the shares of this company gaped to a fresh higher high 514.8. However, the price pulled back and closed below its opening price, we expect this bearish rally to be a mere correction and not a sign that sellers are taking control. W More
2020	EURUSD	GBPUSD	USDJPY
04 September	Buy a bounce from around 1.17630. Wave Analysis On this chart, we are looking for a buy position as long as the price is held above the supportive trendline. If the price bounces of from this support, then this will be a food place to look for low risk buy position. An in case of a breakout below the supportive trendline, then furt More	Look for sell positions towards 1.16310. Wave Analysis On this chart, we are seeing signs that the price may successfully close below 1.33342. If the current week's candle can successfully close below 1.33342, then this will be a good place to consider long term sell positions towards 1.27830. And this will be a good place to consider loo More	Look for sell positions towards 105.00. Wave Analysis Nothing mush appears to be happening on this pair, we are still seeing a possible chance that the price may continue much lower. As it is now, we are looking for low risk sell position towards the previous week's opening price. My recommendations is that conservative traders should l More
03 September	Buy a bounce from the supportive trendline.	We're sellers as long as the price remains below 1.33342.	Expect sellers to come in anytime
02 September	Wait for a buy from the inner supportive trendline towards 1.20100.	The level 1.33342 is a significant weekly resistance level	Look for sell positions.
01 September	Remain long	Remain long towards 1.424.	Rebuy the Us dollar from the lower trendline.
31 August	Remain long towards the upper trendline.	Remain long towards 1.35.	Remain on the sidelines.

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Elliott waves analysis

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