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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

04 - 08 February	weekly forecast 04 - 08 February Waiting to sell Ford shares Ford weekly Review Wave Analysis: Few weeks ago, Ford shares plunged below the 10.00 handle went as low as 7.60 and is still pretty much below this 10.00. According to the chart attached, we’re expecting a possible gain towards the 9.6 handle and should price fail to break above this trend line More
2019	EURUSD	GBPUSD	USDJPY
08 February	We're still short towards 1.05616. Wave Analysis Euro is currently trading below a key level 1.13531. This is a key weekly level and as long as the price remains below it, we expect nothing but a possible steep decline towards 1.05616. The anticipated bearish price rally is the continuation of the anticipated bearish price rally is More	We're having a pending buy limit order around 1.27355 with our take profit at 1.42339. Wave Analysis After a drastic decline seen during the previous trading, the cable pulled back upwards and even closed above its opening. The previous day's candle is a possible indication that the buyers are coming in, but as we mentioned previously, the best place to buy this pair is around 1.2735 More	Wait Wave Analysis Nothing much seems to be happening on this pair, the US Dollar attempted to break above 109.884, but is currently below it. We're waiting for a clear breakout above 109.884 to pick a long term buy order towards 114.131, and on the flip side, should the price break below 108.541, then More
07 February	Remain short with your first target at 1.12780 and the next at 1.05616.	Place a pending buy limit order around 1.27355	We're long towards 114.131.
06 February	We're short towards 1.12780.	We're looking for sell orders towards 1.27355.	Wait for either a break above 109.884 or a break below 108.541 to pick a a buy above 109.884 or a sell below 108.541.
05 February	Place a pending sell limit order around 1.14656.	Wait for a buy order around 1.29991.	We're still long towards 110.565.
04 February	We’re looking for a possible long term sell from within the zone 1.15069-1.14656 towards 1.05616.	Buy the cable around last week’s lowest low with your take profit at 1.42339.	Wait for a buy signal around 108.543.

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Elliott waves analysis

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