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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

18 - 22 December	weekly forecast 18 - 22 December Waiting for Bitcoin Correction? Bitcoin Weekly review: Wave Analysis: Perfectly as previous;forecasted, bitcoin rose tremendously to the upper side and is still pretty much bullish on almost all the time frames. During this trading week, we expect a possible price movements and should breakout above 20,000.00. On the daily cha More
2017	EURUSD	GBPUSD	USDJPY
22 December	Still short Wave Analysis: During the previous trading day, little movements was seen towards the lower side. We still expect further bearish momentum to the lower side with our first target still set at 1.1673 and the next target at 1.1120. The anticipated bearish price rally is merely the continuation of the More	We're long towards 1.4365 Wave Analysis: During the previous trading day, the cable opened at, 1.3375, went as high as 1.3386 and as low as 1.3330 but ended up closing at 1.3384, just 9 pips above it's opening price. This is a possible bulls domination indication. As long as we're above yesterday's opening price,. we expect More	Looking for a possible sell position Wave Analysis: On the daily chart above, the US Dollar is currently being resisted by the upper trend line. As long as the price is contained below this trend line, we expect a possible rebound to short this pair with an ultimate target along the lower trend line. If the upper trend line is violate More
21 December	Possible sell candle	Still correcting itself downwards	Remain long but not for long
20 December	Correction mode	Remain long with the first target at 1.3483	On the sidelines
19 December	Expect a possible bearish price rally towards 1.1673	Bulls will soon take full control	Expect a possible bearish price rally towards 108
18 December	We're short with the first target at 1.1682	Flat but wait for a possible buy around 1.3279	Expect a possible bearish price rally towards 111.09

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Elliott waves analysis

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