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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

06 - 10 January	weekly forecast 06 - 10 January Buy Gold Gas weekly Review Wave Analysis During the previous trading day, the impulsive wave (v) continued to the lower side and is still pretty much bearish. As long as the price remains below the supportive trend line , w e expect nothing but a possible continuation to the lower side, the anticipat More
2020	EURUSD	GBPUSD	USDJPY
10 January	Wait for a possible retracement up to the previous day's opening price then kick a long-term solution. Technical Observation Euro continues to move to the low side perfectly in line with what was forecasted yesterday, as long as the price does not break beyond the upper trendline around 1.1 1780, we expect price to proceed much lower and could break below the previous day;s lower low, but should not More	Wait Technical Observation Just as mentioned yesterday gbp, corrected itself the lowerside but then it could not go beyond 1.30168, as long as the price remains above this zone, we do expect a possible bounce from the same level to pick a long-term buy contract with our target at 1.30570 the anticipat More	Remain long. Wave Analysis the impulsive wave (c) is currently continuing to the upper side, while the price is held above the level 109.20, we do expect it to continue much higher and should break the 109.770. If this does not happen that the price instead goes below 109.3 20, then this will give us a very goo More
09 January	Wait	Place a pending Buy limit order around 1.30168.	Look for buy positions.
08 January	Have a pending sell limit order around 1.1182.	Wait for a buy from 1.3660.	Waiting for a sell from around 108.625.
07 January	Keep looking for buy positions.	Sell a break below 1.2997.	Sell a bounce from 108.44 with your take profit at 104.77.
06 January	Sell Euro at 1.082 with your stop loss above the previous week’s highest high and take profit at 1.0982.	Wait for a possible buy from 1.2997.	Place a pending sell limit order at 108.64.

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Elliott waves analysis

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