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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

19 - 23 August	weekly forecast 19 - 23 August Weekly Review Barclays Bank Shares weekly review Wave Analysis For almost half of a decade now, the shares of Barclays bank has been on the losing end. Just recently, there was a slight retracement to the upperside but the shares of this company ended up even lower despite this retracements. As long as the p More
2019	EURUSD	GBPUSD	USDJPY
23 August	Look for sell positions from 1.10820 towards 1.10570. Wave Analysis During the previous trading day, euro declined significantly and even went below the contracting wedge formation. As long as the price remains below this shape formation, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuati More	Wait to rebuy the cable upon a bounce from the upper trendline. Wave Analysis During the previous trading day, the cable could not be contained by the rising wedge formation. The pair rose intensely to the upperside and is still very much bullish both on the daily and weekly charts. As long as the price remains above the wedge formation, we expect nothing but More	Wait for a break above the upper trendline to pick a buy position. Wave Analysis The US Dollar is correctly consolidating in between the contracting triangular formation. A\|s long as the price remains within this shape formation, we choose to remain on the sidelines. As it is on the 4 hours chart, we're waiting for either a break above the upper trendline to buy More
22 August	Waiting for a sell signal from 1.11067.	GBPUSD. We're waiting for a possible sell from the upper trendline towards 1.20390.	Wait for a bounce from the upper trendline to pick a sell order.
21 August	Look for sell orders towards the supportive trendline.	Expect a possible momentum towards 1.20244.	Wait for a resell from 107.085.
20 August	Expect further momentum to the lowerside	Look for sell positions towards 1.20244.	Look for buy orders towards 107.085.
19 August	Look for long term sell orders	Look for low risk sell orders towards 1.20244.	Look for buy orders towards 107.085.

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Elliott waves analysis

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