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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

11 - 15 November	weekly forecast 11 - 15 November Sell Gold Gold Weekly Review Wave Analysis During the previous week ending 8th of November, Gold markets declined steeply but could not hit the supportive trendline, during this week and possibly during the next week, we expect a possible momentum further to the lowerside but should not go beyond the su More
2019	EURUSD	GBPUSD	USDJPY
15 November	Only buy EURUSD from 1.1015, or wait and sell a bounce from 1.1074. Wave Analysis During the previous trading day, euro bounced off from the level 1.099 and is currently heading to the upperside, we expect the bounce from this level to mark an end to both the impulsive waves (5) and (c), that the current bullish price rally is the continuation of a corrective three More	Buy the cable towards 1.3005. Wave Analysis Last week, the cable bounced off from the supportive trendline and is currently heading to the upperside, we expect this bounce to have marked an end to the corrective three wave cycle, that the current bullish price rally is the unfolding of an impulsive wave count and should break a More	Look for a buy towards the upper trendline. Wave Analysis During the previous trading day, the Us Dollar continued to the lowerside but could not sustain the break below then supportive trendline. We expect the bounce from this trend to have marked an end to the corrective three wave cycle, that the current bullish price rally is the continu More
14 November	Remain short with an ultimate target at 1.900.	Wait	Sell the US Dollar towards the lower trendline.
13 November	Waiting to sell euro from 1.1020.	On the sidelines.	Hold onto a sell towards 108.42.
12 November	Wait	Buy GBPUSD towards the upper trendline.	Wait
11 November	Waiting for a retracement back towards 1.1070 to pick a long term sell order.	Sell the cable with your take profit at 1.2550.	Wait for a low risk sell towards 108.40.

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Elliott waves analysis

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