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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

27 - 31 January	weekly forecast 27 - 31 January Weekly Review Gas Weekly Review Wave Analysis Earlier last week, Gas rallied to the lower side and even went below 2.091. As long as the price is held below this level, we expect nothing but a possible momentum to the lower side. The anticipated bearish price rally is the continuation of the More
2020	EURUSD	GBPUSD	USDJPY
31 January	Sell euro towards 1.08295. Wave Analysis Despite the previous forecast that this pair could continue to the lower side, euro pulled back to the upper side but is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below the Alligator indicator attached, we expect a possible mome More	Remain long with your target around 1.32794. Wave Analysis Just as previously forecasted, the cable moved significantly to the upper side after bouncing from the supportive zone 1.29869-1.30168, we expect further momentum to the upper side and should break above 1.31360 towards 1.32798. The anticipated bullish price rally is the continuation More	wait Wave Analysis During the previous trading, the US Dollar bounced off from 108.580, we expect this bounce to be the end to the impulsive wave (5) that the current Bullish price rally is the continuation of a corrective three wave cycle and could see the price break above the previous day's highest More
30 January	Sell this pair with your take profit at 1.08295.	Wait for a buy from within the zone 1.29869-1.30168 with your take profit at 1.32794.	Sell the US dollar towards 108.790.
29 January	Remain short with an ultimate target around 1.8590.	Wait for a buy from 1.29869 with your take profit at 1.32794.	Remain long for a short term with your take profit at 109.813.
28 January	Remain short with an ideal target at 1.08590.	Wait for a buy from 1.29869-1.30168.	Remain short with your take profit at 108.495.
27 January	Remain short with an ideal targer around 1.08315.	Wait for a bounce from 1.30169-1.29869 to pick a long term buy position towards 1.32794.	Sell the US dollar towards 105.21.

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Elliott waves analysis

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