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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

23 - 27 September	weekly forecast 23 - 27 September Buy Silver And Gold Gold Weekly Review Wave Analysis After a slight rally to the lowerside, the Gold is currently heading to the upperside. We expect the bounce from the level 1484.30 to have marked an end to the corrective wave (iv), that the current bullish price rally is the continuation of the impulsive wave (v More
2019	EURUSD	GBPUSD	USDJPY
27 September	Remain short Wave Analysis During the previous trading day, Euro continued massively to the lower side and is still pretty much bearish. As long as the price remains below the previous day's lowest low, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the contin More	Resell the cable from 1.2317 with your stoploss above 1.23480 and take profit at 1.22540. Wave Analysis The Close of the previous day saw the cable break below 1.23390. This was a major move and following the just witnessed break below yesterday's lowest low, I expect nothing but a possible momentum even further to the lowerside. The idea is not to look for a sell position now, rather, More	Buy the US Dollar only up to 108.440. Wave Analysis Instead of continuing to the lowerside as previously forecasted, the US Dollar rallied to to the upperside and even went above the upper trendline acting as the top of the falling channel. As long as the price remains above this trendline, we expect further momentum to the upperisde More
26 September	Sell a break below 1.09380<	Resell the cable from 1.24144.	On the sidelines, but you can buy this pair from 107.425.
25 September	A good buy towards the upper trendline.	A possible sell towards 1.24030.	A good sell towards 104.510.
24 September	Look for low risk buy orders towards the upper trendline.	Sell this pair with your take profit at 1.23040.	Sell the US Dollar from 108.200 with your take profit at 104.860.
23 September	Sell Euro with your take profit at 1.09160.	Buy the cable with your first target at 1.27400.	Sell the US Dollar with your take profit at 104.890.

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Elliott waves analysis

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