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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

16 - 20 March	weekly forecast 16 - 20 March Weekly Review CAC40 Weekly Review Wave Analysis According to the Alligator trend indicator attached, we expect nothing but a possible momentum to the lower side. As long as the price remains below the Alligator trend indicator attached, I recommend looking for long term sell orders towards 3655.5. More
2020	EURUSD	GBPUSD	USDJPY
20 March	Remain short. Wave Analysis Yesterday, both the impulsive waves v and (c) continued to the lower side and even went below 1.07675. As long as the price remains below this level, we expect nothing but a possible momentum to the lower side, following the break below this level, Euro pulled back to the upper side More	Remain short Wave Analysis The close of the past few days has seen the cable loose tremendously compared to the US dollar. Following the break below 1.21445, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (c) to the low More	wait Wave Analysis After a spike to the upper side, the Us dollar is currently pulling back to the upper side. we expect the current bearish price rally to be a correction to the lower side, seeking to correct the impulsive wave (c) but should not go beyond 107.920. On this chart, I recommend looking f More
19 March	Remain short	Remain short.	Remain long with your take profit at 111.950.
18 March	Remain short with your target at 1.08095.	Wait and sell a break below 1.20393.	Wait
17 March	Wait	Sell a break below the previous day's lowest low.	Wait
16 March	Wait	Sell below 1.22790.	Flat

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Elliott waves analysis

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