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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

17 - 21 July	weekly forecast 17 - 21 July Dow Jones Weekly Review Gold weekly Review Wave Analysis During the previous week ending 14th July 2017, Gold markets pulled back upwards after hitting the monthly support level 1212.86 and should continue upwards. We expect the zone 1212.86-1191.12 to have marked the end of the corrective wave (b) that the current More
2017	EURUSD	GBPUSD	USDJPY
21 July	Inside bar followed by a bullish engulfing candle Wave Analysis Following the bullish inside bar seen on 19th of this month, the previous day's candle dropped slightly to the lower side before engulfing the previous candle to the upper side. This is a clear bullish dominance signal, and could mean the price may rise further upwards towards the wee More	Waiting for corrections to end or above 1.30393 Wave Analysis: For the past four trading days, the cable has lost almost 100% the value it gained Friday the previous week. We expect this downward rally to be a mere corrective wave count and should not go beyond the daily support level 1.2777. If this level can be broken to the lower side, then t More	Looking for long positions Wave Analysis: During the previous trading day, the Us Dollar opened at 111.909, went as high as 112.222 and as low as 111.472 but ended up closing at 111.883, just a few pips below it's opening price. The previous day's candle is a perfect indecision candle above a key daily support support level More
20 July	EURUSD Possibly overbought	Looking for long positions	US Dollar Oversold
19 July	Expect corrections anytime from now	Looking for long positions around 1.30246	Expect a possible rebound from 112.003 to long this pair
18 July	Bullish pin bar	We're long	Expect a possible rebound from 112.003
17 July	Bulls back in control	We're long	Bearish Inside bar followed by a bearish engulfing candle

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Elliott waves analysis

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