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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

23 - 27 April	weekly forecast 23 - 27 April Weekly Review German Stock Index Weekly Review Wave Analysis Following last month's pin bar, German stock's index has been in a constant up trend and is still pretty much bullish both on the weekly and the monthly charts. As long as the price remains above 12126.5, we expect a possible momentum to the upper More
2018	EURUSD	GBPUSD	USDJPY
27 April	Expect a possible momentum towards 1.20304. Wave Analysis During the previous trading day, the impulsive wave (c) traded intensely to the lower side and is still pretty much bearish both on the daily and weekly charts. Today and possible during the course of next week, we expect a possible extension of the impulsive wave (c) to the lower sid More	Expect further bearish rally towards 1.36007 Wave Analysis Perfectly as previously forecasted, the impulsive wave (a) extended significantly to the lower side but is still several pips above 1.38337. We're waiting for this first impulsive wave to end, then, the corrective wave (b) before we sell the impulsive wave (c) with our target at 1.383 More	Rebuy the US Dollar around 108.955 Wave Analysis In the recent past, the impulsive wave (5) went above the 4 hour resistance level 108.985 and is still pretty much above this level. As long as this level holds the price above it, we expect a possible momentum to the upper side with an ultimate target at 110.20 or even higher. On the More
26 April	Wait for slight bullish pullbacks	Wait for slight pullbacks	We're long with our target at 110.12
25 April	Buyers slowly gaining control	Wait for minor corrections	Expect sellers to dominate today
24 April	Expect a possible rebound from 1.21917-1.21775	Wait for a slight pullback to the upperside	Wait for pullbacks to the lowerside
23 April	Short euro towards 1.21912	The cable should pullback anytime from now	The US Dollar could drop massively

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Elliott waves analysis

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