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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

25 February - 01 March	weekly forecast 25 February - 01 March Buy Lukoil Lukoil Weekly Review Wave Analysis During the previous week, Lukoil rose tremendously and is still pretty much bullish both on the daily and the weekly charts. Following the break above 5283.0, we expect the price to continue even higher. The anticipated bullish price rally is the continuation More
2019	EURUSD	GBPUSD	USDJPY
01 March	We're expecting a long term surge towards 1.22033 Wave Analysis Todays the first day of the month, EURUSD successfuly closed above the monthly support level 1.12471. We expect this bounce to have marked an end to the corrective wave (b), that any clear signal to the upperside will act as an onset to a the impulsive wave (c) towards the uppertrend More	Expect a correction towards 1.31820 Wave Analysis The previous month's candle closed below a key level 1.3338 but is above 1.31820. According to the weekly chart attached, as long as the price remains above 1.31820, we expect a possible surge to the upperside. The anticipated bullish price rally is the continuation of the impulsive w More	A weekly support is seen around 110.636. Wave Analysis Perfectly as previously forecasted, the first impulsive wave (i) rallied to the upperside and is still pretty much bullish. Buyers are in complete control in this market, but instead of going long just now, wait for a possible retracement towards 110.639 to buy the next impulsive wav More
28 February	We're long towards 1.23472.	Bulls are in control	Wait for a buy above 110.056.
27 February	Waiting to rebuy euro from 1.13698 towards 1.14555	We're waiting to rebuy the cable from 1.31866.	Wait
26 February	Buyers in control	Buyers in Control	We're looking for a possible long term buy towards 114.00.
25 February	Place a pening buy limit order around 1.13239.	Pending buy limit order at 1.3036	We're long as long as the price is above the upper trendline.

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Elliott waves analysis

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