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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

22 - 26 July	weekly forecast 22 - 26 July Weekly Review FaceBook Weekly Review Wave Analysis During the previous trading week, facebook shares declined steeply and is currently heading to the lowerside. As long as the price remains within the rising shape formation, we expect nothing but a possible momentum to the upperside, as it is on the weekly c More
2019	EURUSD	GBPUSD	USDJPY
26 July	EURUSD. As long as the price remains below 1.11539, we're looking for a sell. Wave Analysis Euro attempted a break above the level 1.11539 but ended up closing below it. As long as the price remains below this level, we expect nothing but a possible momentum to the lowerside. As it is on the hourly chart, if you're looking for a long term buy, the best place is to look for More	GBPUSD. We're looking for a sell below 1.24411 Wave Analysis After spiking to the upperside during the previous trading day, the cable is currently rallying around a key support 1.24411. This is a key short term level and while the price is above this level I choose to remain flat, but in case price breaks below 1.24411, we expect nothing but More	USDJPY. Look for buy orders Wave Analysis During the previous trading day, the US dollar rallied massively to the upperside and even went above the zone 108.212-108.207, as long as the price remains above this zone, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continu More
25 July	EURUSD. We're looking for sell orders from 1.11539	GBPUSD. Wait for a buy from 1.24607.	USDJPY. Place a pending buy limit order around the previous day's lowest low.
24 July	EURUSD. Look for a resell from 1.11554 towards 1.10231.	GBPUSD. Sell a break below 1.24280.	Wait for a bounce from 107.800 to pick a buy.
23 July	Place a pending sell limit order at 1.12105.	GBPUSD. Wait for a bounce from 1.24538 to pick a buy towards 1.25369.	USDJPY. Wait for a sell from the upper trendline towards 107.126.
22 July	Waiting for a good buy in case of a bounce from 1.12105-1.12079 towards 1.12465.	Expect a decline towards 1.24530.	USDJPY. Conservative traders should sell a break below 107.126.

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Elliott waves analysis

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