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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

30 December 2019 - 03 January 2020	weekly forecast 30 December 2019 - 03 January 2020 Buy Gold Gas weekly Review Wave Analysis Few days ago, the impulsive five wave cycle continued significantly to the lower side as long as the price remains within the declining channel formation, we expect nothing but a possible momentum to the lower side. The anticipated bearish price rally is the co More
2019 - 2020	EURUSD	GBPUSD	USDJPY
31 December	Sell a bounce from 1.1185 Wave Analysis The impulsive wave (v) failed to clearly break above the level 1.1195. As long as the price remains within the boundaries of the previous day's lowest low and highest high, we choose to remain flat, we're expecting a possible break above 1.1198 to confirm a possible continuation to th More	Buy a break above the previous week's highest high towards 1.4485. Wave Analysis Just as in Euro, nothing much appears to be happening on the cable, on this chart, we are yet to see any clear extension of the corrective wave (iv) to the lowerside neither have we seen the continuation of the impulsive wave (v) to the upper side. As it is now, remaining flat looks i More	:Buy the US Dollar towards 114.55. Wave Analysis Yesterday, Our stops were taken out when the price rallied and even closed below Fridays lowest low, this is a possible sign that we are continuing to the lowerside towards 106.35. Right now the price is around a very significant weekly support level 108.21, if the price successfully More
30 December	Sell a bounce from 1.1420.	Buy the cable with an ultimate target at 1.45.	Buy the US Dollar towards 114.00.

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Elliott waves analysis

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