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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 November	weekly forecast 19 - 23 November Buy Gold Gold Weekly Review Wave Analysis During the previous week, Gold markets bounced off from the supportive trendline, rallied to the and is still pretty much bullish both on the daily and the weekly charts. As long as the price remains above 1215.00, we expect nothing but a possible momentum to th More
2018	EURUSD	GBPUSD	USDJPY
23 November	Buy Euro towards 1.1528. Wave Analysis During the previous trading day, euro pulled back upwards but is still below 1.1528, As we mentioned during the previous trading day, as long as the price remains below 1.1528, we expect nothing but a possible momentum to the lower side. According to the daily chart above, we expect a More	Rebuy gbp from 1.2768 towards 1.3301. Wave Analysis Perfectly as previously forecasted, the cable bounced off from the daily support level 1.2768 and is still pretty much above this level, as long as the price remains above it, we expect a possible rally to the upper side but should go beyond 1.3301. And on the flip side, should the pr More	Resell the US Dollar from 113.00 towards the supportive trendline. Wave Analysis During the previous trading day, the US Dollar failed to break above 113.25, and has now stated rallying to the lowerside. We expect the rebound from 113.00 to have marked an end to the corrective wave (b) that the current movements to the lowerside is the continuation of the impulsiv More
22 November	Resell Euro from 1.1526.	Watch the level 1.2768 for a possible buy position.	We're short from 113.10 towards 111.30.
21 November	Resell Euro from 1.1425 with your take profit at 1.1230.	Only sell a clear break below 1.2768 with your take profit at 1.2135.	Sell the Us Dollar now towards 111.85
20 November	We're long.	We're could head upwards towards the resistance trendline.	We're short from 112.66-112.63.
19 November	We're long temporarily.	We're short.	Wait for a possible buy from 114.15.

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Elliott waves analysis

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