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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

23 - 27 March	weekly forecast 23 - 27 March Sell Brent Oil Gold Weekly Review Wave Analysis Following the bounce from 1443.60, Gold markets pulled back to the upperside and is still very much bullish. We expect the bounce from 1443.60 to have marked an end to the impulsive wave (a) that the current bullish price rally is the continuation of the correcti More
2020	EURUSD	GBPUSD	USDJPY
27 March	Remain long with an ultimate target around 1.13. Wave Analysis The impulsive wave (v) and (5) continued to the upper side and even went above 1.10615. At this point, we expect further momentum to the upper side and should rise beyond today's high. A sustained move above 1.10995 will culminate into further momentum to the upper side and should co More	Remain long Wave Analysis The British pound is currently in an active up trend. Following the break above 1.19797, I expect further rally to the upper side and should break beyond 1.12615. The anticipated bullish price rally is the continuation of the impulsive waves (E) and (5) and should break above 1.23290 More	Remain short. Wave Analysis The Us Dollar is currently in an active downtrend. Yesterday, the price successfully sustained the move below the lower trendline and is still pretty much bearish both on the daily and on the 4 hours chart. Following this break, we took a short position and is still holding, our expe More
26 March	Wait for a sell from within 1.09635-1.09460.	Wait	Look for lower risk sell orders towards 109.472.
25 March	Waiting for a low risk sell order.	Waiting for a possible sell from 1.21286.	Remain long towards 114.243.
24 March	Waiting for a possible long term sell below 1.06640.	Look for a long position towards 1.18643.	Sell a break below the supportive trendline.
23 March	Remain short with your first target around 1.05575.	wait for a resell from 1.21286	Buy a break above 112.175 with your take profit at 114.243.

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Elliott waves analysis

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