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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

15 - 19 October	weekly forecast 15 - 19 October Gold Correcting itself upwards SPX500 Weekly Review Wave Analysis: During the previous week, SPX500 lost value considerable and is still pretty much bearish both on the daily and the weekly charts. According to the two indicators, As long as the price remains above the 52 Simple moving average and the columns of MACD above 0. More
2018	EURUSD	GBPUSD	USDJPY
19 October	We're looking for a buy from 1.1486 Wave Analysis Perfectly as previously forecasted, euro continued to rally to the lower side and is still pretty much bearish both on the daily and the weekly charts. We expect further extension to the lower side and may break below 1.1486. The level 1.1486 is a key weekly level and clear break belo More	We're still short Wave Analysis Just as we mentioned during the previous trading day, the cable declined steadily and is still showing signs of falling even further. We went short previously and is still holding onto this position, my expectations is that the price could break below the supportive trendline, furthe More	We're long Wave Analysis After a drastic decline in price few days ago, the US dollar is showing signs of recovering to the upperside. We're waiting for a possible correction to the lowerside to pick a long term long position with an ultimate target at 114.380. This view can only be invalidated in case the pr More
18 October	We're short below 1.1486	we're short towards the lower trendline	We're long above 112.450 towards 113.621
17 October	We're long from 1.1486.	We're long above 1.3110.	We're still upwards
16 October	We're long from 1.1486	We're long above 1.3245	Wait
15 October	As long as the price is above 1.14626, we expect a possible momentum to the upper side.	Sell the cable from 1.33042.	Wait for a possible buy around 112.195.

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Elliott waves analysis

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