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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

20 - 24 April	weekly forecast 20 - 24 April Weekly Review SPX500 Weekly Review Wave Analysis SPX500 continued to the upperside during the previous week and is still pretty much bullish both on the daily and on the weekly charts. As it is now, we are buyers, we are waiting for a clear breakout above 61.8% fib level to pick a long term buy order. T More
2020	EURUSD	GBPUSD	USDJPY
24 April	Sell Eur towards 1.05105. Wave Analysis Euro continues to move to the lower side and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below the previous day's lowest low, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is More	Wait for for a buy from 1.20231-1.21352. Wave Analysis The cable continues to move to the lower side and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains above 1.21352-1.20231, we expect buyers to dominate around this zone, as it is now, we are holding onto a sell position we took duri More	Wait for a buy from 106.960. Wave Analysis Yesterday, Nothing much happened on this pair the Us dollar consolidated within a range, not going above 109.975 or below 106.960, if the price successful goes below 106.960, then we will consider a long term sell order with an ultimate target around 105.263, on its way to the lowers More
23 April	Look for low risk sell positions below 1.08188.	Remain short towards 1.22600.	Wait for a bounce from 106.960.
22 April	Wait	Wait for a bounce from the upper trendline to pick a sell.	Buy a bounce from 107.341, or wait and sell a bounce from 108.019.
21 April	Remain short with your target at 1.06295.	Wait and buy a rebound from 1.21352-1.20231	Buy a bounce from 106.960.
20 April	Remain short with your first take profit at 1.05960.	Expect a possible momentum towards 1.21352-1.20231.	Buy a bounce from 106.960.

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Elliott waves analysis

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