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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

02 - 06 September	weekly forecast 02 - 06 September Buy Facebook Shares Gazprom weekly review Wave Analysis: Instead of continuing to the corrective wave (iv) bounced off from the level 206.40 and is currently heading to the upperside. Currently at the time of this forecast, Gazprom is currently consolidating and is not showing any clear signs of continuing to the More
2019	EURUSD	GBPUSD	USDJPY
06 September	Buy Euro towards 1.10810. Wave Analysis During the previous trading day, Euro rose as high as 1.10900 but ended up closing around 1.10370. We expect the bounce from 1.10260 to have marked an end to the corrective wave (iv) that the current bullish price rally is the continuation of the impulsive wave (v) and should continue More	We're remaining with the previous day's buy towards 1.25. Wave Analysis During the previous trading, the cable continued massively to the upperside and is pretty much bullish both on the daily and the weekly charts. We expect the bounce from 1.23045 to have marked an end to the corrective wave (iv) that the current bullish price rally is the continuation More	Look for low risk buy orders Wave Analysis Despite the previous forecasts that this pair could rally to the lowerside, the US Dollar continued massively to the upper side and is still pretty much bullish both on the daily and the weekly charts. Following the previous days momentum to the upperside, we expect further momentum t More
05 September	Buy euro from 1.10345 with your take profit at 1.1523.	Buy the cable with your first take profit at 1.22945.	Buy a rebound from the supportive trendline towards 106.755.
04 September	As long as the price remains below the immediate trendline look for long term sell orders.	Wait	Resell the US Dollar from 106.771 towards 105.024.
03 September	Sell a break below the supportive trendline towards 1.04640.	Wait for a correction towards 1.23444 to pick a low risk sell order.	On the sidelines.
02 September	Sellers dominating this market	Look for buy orders towards 1.2255.	This month, look for low risk buy orders from last months lowest low.

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Elliott waves analysis

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