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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 September	weekly forecast 09 - 13 September Weekly Review Facebook Weekly Review \ Wave Analysis During the previous week ending 6th Of September 2019, Facebook shares attempted a breakout above the upper trendline but ended up getting contained within the channel formation. While the price is contained within this shape formation, I expect nothing but More
2019	EURUSD	GBPUSD	USDJPY
13 September	Look for sell positions upon a bounce from the upper trendline Wave Analysis Although Euro is currently in an active up trend. This pair should continue to the lowerside ultimately. As long as the price remains within the falling channel formation attached above, we expecting further momentum top the lowerside. The anticipated bearish formation if the continua More	Wait Wave Analysis Even after breaking and closing below 1.22357, the cable is still not clearly headiong to the lowerside, as it is on the monthly chart, we're still within our sellers teritiry and in case the current month's candle closes above this level, then this will; mean we're heading to the upp More	Wait for a rebuy from 107.680. Wave Analysis The US Dollar is in an active up trend. We expect the current bearish price rally to be a mere correction and should not go below 107.680 where we'll be looking to rebuy the Us Dollar with an ultimate target at 110.25. The anticipated bullish price rally is the continuation of the imp More
12 September	Look for sell orders towards 1.09835.	Buy the cable towards the uppeer trendline.	Look for sell positions towards 107.435.
11 September	Expect a long term sell from around 1.10815 with your target at 1.09220.	Buy the cable towards 1.23808 or upon a break above 1.23808.	Buy a break above 107.845 with your take profit at 110.00.
10 September	Sell Euro towards 1.10203	Rebuy the cable from 1.22980 with your take profit at 1.24020.	Rebuy Us Dollar from 107.005 with your target at 107.600.
09 September	Wait for a low risk sell towards the previous week's lowest low.	Resell the cable from 1.25671.	Wait for a resell from 107.485

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Elliott waves analysis

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