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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

07 - 11 October	weekly forecast 07 - 11 October Buy Gold from around 1470.45 Silver in A corrective mode Wave Analysis Just as we mentioned in our previous analysis, silver failed to break below 17.220, instead it bounced off from this level and is now heading to the upper side. Our previous analysis on this symbol still remains intact. As long as the price does not viol More
2019	EURUSD	GBPUSD	USDJPY
11 October	Rebuy a rebound from 1.0990. Wave Analysis During the previous trading day, Euro rallied massively to the up side and even went above the zone 1.0990-1.0995. As long as the price is contained above this level, we're waiting for a possible correction towards this zone to pick a long term buy order with an ultimate target around More	Buy a break above the previous day's highest high. Wave Analysis During the previous trading day, the impulsive five wave cycle stretched massively to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As long as the price is contained above the previous day's highest high, we expect further momentum to the u More	Remain long with your take profit at 108.89. Wave Analysis The US Dollar is currently trading with an increasing bullish bias momentum. Just as we mentioned during the previous day's analysis, as long as the price is contained above the trendline above, we expect nothing but a possible momentum to the upperside, the anticipated bullish price More
10 October	We're holding onto a buy position with our target at 1.1254.	Buy a rebound from 1.2197, or wait and sell a clear break below this level.	We're long towards 108.89.
09 October	Waiting for a low risk sell.	Sell the cable from 1.2270.	Buy the US Dollar from 106.75 with your take profit at 108.89.
08 October	Waiting for a rebound from the supportive trendline to buy this pair.	Buy the cable from 1.2271.	Look for a buy towards 106.69.
07 October	Buy a break above friday's highest high.	Wait for a sell from 1.23177.	Sell a bearish break below 106.689.

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Elliott waves analysis

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