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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

20 - 24 November	weekly forecast 20 - 24 November Weekly Review Deutsche Bank weekly review Wave Analysis: Perfectly as previous forecasted, during the past two weeks, Deutsche Bank shares has rose in value and is stil pretty much bullish both on the weekly and the monthly charts. We expect further rise to the upper side but should not go beyond 25.93. The More
2017	EURUSD	GBPUSD	USDJPY
24 November	Expect a rebound from 1.1862 Wave Analysis: During the previous trading day, euro rose just a few pips to the upper side but is still below the daily resistance level 1.1862, we expect this level to have marked the end of this correction, that any moment from now, we expect a rebound from 1.1862 to short the impulsive wave (c) More	Wait for a future buy Wave Analysis: During the previous trading day, we saw a correction of the impulsive wave (1) to the lower side but its still pretty much bullish. During this intraday, we expect a possible extension of the impulsive wave (1) to the upper side and could break above 1.3477. If you're not long alread More	Expect a correction towards 111.76 Wave Analysis: Earlier today, we're seeing a minor correction of the impulsive wave (E) to the upper side the the US Dollar remains bearish on the higher time frames. The highest place we expect this correction to reach is 111.76, so if you went short the day before yesterday, just remain short, if More
23 November	Sell euro around 1.1862	We're long with the first target at 1.3477	Still short
22 November	We're short with an ultimate target at 1.1120	Remain long	Remain short
21 November	Expect a possible bearish momentum towards 1.1655	Expect a possible bullish price rally towards 1.3477	Corrective mode
20 November	Eurusd short	We're long with our first target at 1.3477	USDJPY Still Short

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Elliott waves analysis

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