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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

25 - 29 May	weekly forecast 25 - 29 May BUY CAC40 Index CAC40 Weekly Review Wave Analysis After establishing a support around 3625.5, the French Stock's index pulled back to the upper side and is still pretty much bullish both on the daily and on the weekly charts. Currently the price is within a contracting wedge formation, we expect the recen More
2020	EURUSD	GBPUSD	USDJPY
29 May	Remain long towards 1.1245. Wave Analysis During the previous trading day, both the impulsive waves (5) and (v) continued to the upper side and is still pretty much bullish both on the daily and on the weekly charts. While the Green ADXline remains above the Red line, we expect further momentum to the upper side and should b More	Look for sell orders towards the lower trendline. Wave Analysis During the previous trading day, the impulsive wave (E) continued to the upperside but could not break above the upper trendline, we are waiting for a bounce from the upper trendline to mark an end to the impulsive wave (E) and the beginning of a correction to the lower side but shou More	Remain short towards 106.00. Wave Analysis The Us Dollar is currently in an active downtrend. While the price is held below 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 (5) to the lower side and shou More
28 May	Buy a break above the previous day's highest high.	Look for low risk sell positions towards 1.20360.	Remain long towards 110.00.
27 May	Wait for a resell from 1.09875 with your take profit at 1.0775.	Wait	Waiting for a break below 107.685 towards 106.065.
26 May	Remain long towards 1.09875.	Wait for a pullback to pick a buy position.	Remain long towards 106.060.
25 May	Remain short towards 1.07.	Wait	Remain short towads the lower trendline.

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Elliott waves analysis

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