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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.

Elliott waves analysis

24 - 28
February
weekly
forecast
24 - 28
February

NQ100 Weekly Review  Wave Analysis During the previous trading week, the corrective three wave cycle continued to the lower side but could not go beyond the 4 hour support level 8920.0. We are waiting for a clear sign that the corrective wave (b) is ended so that we sell the last impulsive

2020 EURUSD GBPUSD USDJPY
28
February

Wave Analysis Just as previously forecasted, the impulsive wave (c) continued to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the level 1.0740, we expect nothing but a possible momentum to the upperside, the anticipat

Wave Analysis The cable continues to move to the lower side but is still above the level 1.28500. This is a major support area, and while the price is not able to clearly break above it, we choose to remain on the sidelines, we are waiting for a possible bounce from it to pick a long term sell ord

Wave Analysis Yesterday, our stops were taken out when the price went below the level 109.405. As long as the price is contained below this level, expect nothing but a possible momentum to the upper side the anticipated bearish price rally is the unfolding of an impulsive wave count and could see

27
February
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February
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February
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