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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

05 - 09 November	weekly forecast 05 - 09 November Waiting to sell Gold Gold weekly Review Wave Analysis According to the daily chart above, Gold markets is currently rallying within a contracting wedge formation. As long as the price remains within this contracting triangular formation, we choose to remain flat, but in case of any breakout, then we'll pick a trade More
2018	EURUSD	GBPUSD	USDJPY
09 November	We're short Wave Analysis During the previous trading day, euro traded intensely to the lowerside and even went below the hour support level 1.1416. As long as the price remains below this level, we expect further momentum to the lowerside with an ideal target at 1.1306 towards 1.10. And on the bullish side, o More	We're short Wave Analysis During the previous trading day, the cable lost value considerable and is still showing signs of loosing even further. Following the ascend below 1.3135, we expect further spike to the lower side with an ultimate target at 1.25. The anticipated bearish price rally is the continuation More	We're still bullish towards 114.15. Wave Analysis During the previous trading day, the impulsive waves v and (c) continued to the upperside and is still pretty much bullish both on the daily and the weekly charts. As we said previously, as long as the price remains above 111.67, we expect a possible momentum to the upperside. If you' More
08 November	We're short below 1.1415.	We're short upon a clear bounce from 1.33059.	we're long towards 114.19.
07 November	We're long towards 1.15515.	We're long towards 1.33059.	We're still bullish towards 114.192.
06 November	We're short from 1.14158 towards 1.13063	We're long towards 1.33059.	We're long towards 114.192
05 November	We're short towards 1.13063.	As long as the price is above 1.26941, we expect a possible momentum to the upperside	We're long towards 114.192

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Elliott waves analysis

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