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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

09 - 13 December	weekly forecast 09 - 13 December Sell Gas Gold weekly Review Wave Analysis During the previous trading day, Gold markets rallied to the upperside but could not go beyond the daily Resistance zone 1472.29-1484.36. As long as the price remains below this zone, we expect nothing but a possible momentum to the lower side and could bre More
2019	EURUSD	GBPUSD	USDJPY
13 December	Buy Euro towards 1.1400. Wave Analysis Perfectly according to the previous day's forecast, the corrective three wave cycle pushed the price significantly to the upperside and even went above the upper trendline. As long as the price is contained above this trendline, we expect nothing but a possible momentum to the uppers More	Wait for a correction to pick a buy. Wave Analysis During the previous trading day, the corrective wave (2) bounced off perfectly from 1.3012 and could not break any lower. We expect the previous day's rally to the upper side to be the continuation of the impulsive wave (3) to the upper side and could see price break beyond 1.3550. A More	Buy the US Dollar towards 110.20. Wave Analysis Few day ago, the US Dollar failed to sustain the break below the supportive trendline, instead, after breaking below this trendline, the US Dollar barely remained below it and has now pulled back above it. As long as the price remains above this trendline, we expect nothing but a pos More
12 December	wait for a bounce from the upper trendline to pick a sell.	Buy the cable with your take profit at 1.335.	Sell the US Dollar with your take profit at 106.90.
11 December	Wait	Wait for a buy from 1.3012.	Wait for a low risk sell order.
10 December	Sell euro now with your stoploss above the previous day's highest high,	Wait for a rebound from 1.3012 to pick a buy.	Sell the US Dollar towards 106.50.
09 December	Sell euro towards 1.1000.	Wait for a correction towards 1.3025 to buy the cable.	Sell USDJPY towards 107.75.

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Elliott waves analysis

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