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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

16 - 20 September	weekly forecast 16 - 20 September Gold, SIlver and SPX500 weekly Review Silver Wave Review Wave Analysis During the previous week, the corrective three wave cycle extended significantly to the lowerside and is still pretty much bearish. We expect the bounce from 18.480 to have marked an end to the corrective wave (b) that the currently bearish price rally is the co More
2019	EURUSD	GBPUSD	USDJPY
20 September	Sell a rebound from the upper trendline towards 1.09220. Wave Analysis During the previous trading day, Euro failed to continue to the lowerside and instead is continuing to consolidate below the upper trendline. As long as this trendline is not violated to the upperside with an big green candle, We're patiently waiting for a clear sell signal to pick a More	Waiting for a sell from 1.26770. Wave Analysis During the previous trading day, The impulsive wave (c) continued massively to the upperside and is still pretty much bullish both on the daily and the weekly charts. As long as the price is contained above 1.21520, we expect nothing but a possible continuation of the impulsive wave ( More	Buy US Dollar from the immediate trendline towards 109.65. Wave Analysis Nothing much appears to be happening on this pair. The US Dollar is still rallying above the upper trendline. While the price is contained above this trendline, I expect a possible extension of both the impulsive waves (c) and 5 and should continue massively to the upperside towards 1 More
19 September	On the sidelines.	Wait	Wait for buy positions towards 109.15.
18 September	Sell a rebound from the upper trendline with your target at 1.09050.	We're looking for a buy position towards 1.26770.	Look for buy positions above 107.65.
17 September	We're looking for a good long term sell order towards 1.0925.	We're looking for sell orders towards 1.21930.	Look for buy orders towards 109.65.
16 September	Sell a bounce from the upper trendline with your take profit at 1.0925.	We're upwards towards 1.27160	Wait for a low risk sell order towards 104.20.

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Elliott waves analysis

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