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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.

Elliott waves analysis

14 - 18
January
weekly
forecast
14 - 18
January

Gas weekly Review Wave Analysis After a spectacular spike to the upper side, Gas corrected itself 100% buy failed to break below both the supportive trendline and also below the level 2.633. As long as these two remains intact, we expect a possible slow move upwards towards 4.530 or even higher.

2019 EURUSD GBPUSD USDJPY
18
January

Wave Analysis For the better parts of this week, euro has been on the loosing end against the US Dollar, as long as the price remains below 1.1450, we're still within our sellers territory. Therefore, we'll expect a possible steep decline towards 1.0621. The anticipated bearish price rally is the c

Wave Analysis Perfectibility as we forecasted during the previous trading day, euro spiked higher and is still pretty much bullish both on the weekly and the daily charts. As long as the price remains above the upper trendline, we expect a possible steep rise towards the level 1.3132. As we mention

Wave Analysis: The US Dollar is still trading within the contracting wedge formation. As long as this wedge is not violated to the upperside or to the lowerside with a big candle, we choose to remain flat. Basically, we're waiting for a break above the upper trendline to pick a long term long posit

17
January
16
January
15
January
14
January
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