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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

13 - 17 April	weekly forecast 13 - 17 April Buy SPX500 SPX500 Weekly Review Wave Analysis SPX500 continued to move to the upper side and even went above the 50.0% fib level. This is a 50% retracement and while the price is not above to clearly break and close above 50.0% fib level.we will be looking for a possible long term buy order. We're wa More
2020	EURUSD	GBPUSD	USDJPY
17 April	Buy a break above the immediate trendline. Wave Analysis Yesterday, our stops were taken out when the price successfully closed below the supportive trend line. While the price continues to sustain the break below this trend line,w e expect nothing but a possible momentum to the lower side. As it is now, we are waiting for a sustained move More	Expect further correction towards 1.32981. Wave Analysis The British is showing signs of failing to sustain the break above the previous week's highest high. We are expect this downward rally which started few day's ago to be the continuation of a corrective rally and could see price reach 1.21352-1.20231 but should not break any lower. A More	Remain long towards 109.375. Wave Analysis On Wednesday this week, the Us Dollar bounced off from around 106.960, this is despite the previous forecast that the price should have broken below it. If the price can successfully close below this level, 106.960, then this will be a good place to consider a long term sell order. B More
16 April	Buy Euro now, with your take profit at 1.10515.	Remain short.	Remain long or wait and buy a sustained move above 107.8976, with an ultimate target around 108.570.
15 April	Remain long with your first target around 1.12075 and the next target at 1.14700.	Remain long	Wait for a buy from 105.263-104.940 towards 112.390.
14 April	Buy a sustained break above the previous day's highest high.	As long as we see a sustained move above the previous week's highest high, remain long with your target around 1.32981.	Remain short with your take profit at 105.263.
13 April	Expect further correction to the upper side with an ultimate target around 1.13500.	Buy a sustained move above the previous week's highest high with an ideal target around 1.32981.	Sell a sustained break below the Friday's lowest low.

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Elliott waves analysis

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