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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

17 - 21 February	weekly forecast 17 - 21 February Weekly Review Gas Weekly Review Wave Analysis Few weeks ago, Gas continued to the lower side and is still pretty much bearish both on the daily and on the weekly charts. We expect the bounce from 1.815 to be a mere pause to the previous downtrend, that the current bullish price rally is the continuation More
2020	EURUSD	GBPUSD	USDJPY
21 February	Remain short towards 1.05. Wave Analysis During the previous trading day, Euro continued 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 highest high, we recommend looking for long term sell order. The anticipated bearish pr More	On the Sidelines. Wave Analysis Despite the previous day's forecast that this pair could continue to the lower side, the cable continues to pullback to the upper side but is still below the level 1.28950. As long as the price remains below the level 1.28950, we expect nothing but a possible momentum to the lower si More	Wait Wave Analysis During the previous trading day, the impulsive wave (iii) continued to the upper side and is still pretty much bullish. We expect the bounce from 112.174 to have marked an end to the impulsive wave (iii), that the current bearish price rally is the continuation of a corrective wave ( More
20 February	Remain short	Look for buy positions towards 1.33342.	Remain long with an ultimate target around 118.00.
19 February	Remain short towardds 1.064.	Waiting for a possible buy from 1.28830 towards 1.33342.	Remain long with your take profit at 110.225.
18 February	Remain short towards 1.078.	Wait for a possible rebound from 1.28830 to pick a possible long term buy towards 1.33342.	Wait.
17 February	We're looking for long term sell orders towards 1.074.	We're looking for long term buy orders towards 1.33342.	Only buy a break above 110.230.

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Elliott waves analysis

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