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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

05 - 09 August	weekly forecast 05 - 09 August Weekly Review FaceBook Weekly Review Wave Analysis During the previous trading week, facebook shares broke below the supportive trendline and is still pretty much below this level. As long as the price remains below this trendline, we expect nothing but a possible momentum to the lowerside. The anticipated b More
2019	EURUSD	GBPUSD	USDJPY
09 August	EURUSD. We're waiting for a bounce from the supportive trendline to pick a long term buy towards the upper trendline. Wave Analysis During the previous day, euro bounced off from the supportive trendline and is still pretty much above it. As long as the price remains above this supportive trendline, I expect further momentum to the upperside. basically, we expect the bounce from the supportive trendliune to have m More	GBPUSD. Wait for a low risk buy signal towards the upper trendline. Wave Analysis The cable is still rallying within the diverging wedge formation. As long as the price remains within this shape formation, we're only interested in trading reversals. As it is on the 4 hours chart attached, we;re waiting for a clear bounce from the supportive trendline to pick a lon More	USDJPY. Sell the us Dollar towards 105.598 Wave Analysis The US Dollar is currently rallying within a contracting triagulor formation. Following the bounce from the upper trendline, we expect a possible decline towards the level 105.596. The anticipated bearish price rally is the continuation of the impulsive wave (V) and could break below More
08 August	EURUSD. Waiting for low risk sell orders	GBPUSD. Sellers yet to come back	USDJPY. Sell a break below the supportive trendline towards 105.550.
07 August	EURUSD. Wait for a break below the supportive trendline to pick a sell towards 1.110640.	GBPUSD. Look for low risk buy positions towards the upper trendline.	USDJPY. Look for low risk sell orders
06 August	EURUSD. We're looking for long term sell orders towards 1.11400.	GBPUSD. Look for buy orders towards 1.21900.	USDJPY. Look for sell orders from 107.148 towards 105.440.
05 August	EURUSD. Buy a bounce from the supportive trend line towards 1.11435.	GBPUSD. We're in a corrective mode towards 1.22555	USDJPY. Place pending sell limit orders from 107.135.

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Elliott waves analysis

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