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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

11 - 15 December	weekly forecast 11 - 15 December Buy Ford Motor's Shares Ford Motor's Weekly Review Wave Analysis: For the past few weeks, the impulsive wave (3) stretched massively upwards and even went above the resistance zone 12.41-12.37 and is still pretty much above this zone. Last week we say a slight correction of this impulsive wave (3) but got contained abo More
2017	EURUSD	GBPUSD	USDJPY
15 December	Bears still in Solid Control Wave Analysis: As previously anticipated, the impulsive wave (c) stretched slightly to the lower side and is still pretty much bearish both on the daily and the weekly charts. During this intraday, we expect a possible extension of the impulsive wave (c) to the lower side but should not go beyond t More	Still Bullish Wave Analysis: During the previous trading day, we saw a slight extension of the impulsive wave (1) to the upper side but still below 1.3481. This pair has been making higher lows for almost a year now, and chances of rising higher are highly anticipated. With that is mind, today, we expect a possi More	On the sidelines Wave Analysis: After the previous five wave cycle failing to break above 113.75, the US Dollar corrected itself downwards but is currently rallying around a key approaching a key support level 111.99. As long as this level is not violated to the lower side, we expect it to act as a key demand zone. More
14 December	Resell euro around 1.1861	Long	Look for a short position
13 December	Expect a possible bearish price action towards 1.1673	Buy upon a rebound from 1.3302	Buyers should come in now
12 December	We're short with the first target 1.1673	Expect further bearish correction.	Remain long with an ultimate target at 121.00
11 December	Flat	Corrections	Long now with your target at 118.00

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Elliott waves analysis

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