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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

08 - 12 April	weekly forecast 08 - 12 April Weekly Review Magnit Weekly Review Wave Analysis: Magnit is currently trading within a converging wedge formation. We expect the bounce from the upper trendline to be the end of the impulsive wave (iv) , that the current bearish price rally is the continuation of the impulsive waves (v) and (c) to the low More
2019	EURUSD	GBPUSD	USDJPY
12 April	Wait Wave Analysis: Perfectly as previously forecasted, euro remains above supportive trendline and is still pretty much above this level. As long as the price remains above this level, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the unfolding of an More	We're upwards as long as the price remains above 1.30095 Wave Analysis: The cable is currently trading around 1.3057, this pair is currently trading within a contracting wedge formation and as long as the price remains above the zone 1.30095-1.30327, we expect a possible rally to the upperside, a clear breakout below 1.30095 may culminate into a possible More	Buy the US Dollar above 111.867 towards 114.23 Wave Analysis: After drastic drop towards 110.700, the US Dollar bounced back to the upperside and is currently very bullish. As long as the price remains above 110.700, we expect a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave coun More
11 April	Wait	Wait for a buy from 1.30095.	Wait for a sell fromm 111.867
10 April	Wait for a possible low risk sell.	Wait	We're short from 111.867.
09 April	We're bullish towards 1.17464.	We're upwards towards the upper trendline.	We're short from 111.867.
08 April	Wait for a bounce from the supportive trendline to pick a low risk buy order.	Look for a potential buy order towards the upper trendline.	We’re waiting for a potential sell order from 111.867

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Elliott waves analysis

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