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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

07 - 11 November	weekly forecast 07 - 11 November Only buy gold above $1306 Gold weekly Review: Weekly Review: As previously anticipated, Gold markets rose from 1277.14 to 1304.50 and is still pretty much bullish on the weekly chart. The current chart set up and structure shows signs of a possible cup and handle formation. With the zone 1254.16-1263.60 actin More
2016	EURUSD	GBPUSD	USDJPY
11 November	Go short below 1.0668 Wave Analysis Euro is currently trading with an increasing bearish momentum. Yesterday, the pair crushed to the lower side and is still pretty much bearish on the daily chart. As long as USD/CHF remains bullish, we expect a possible bearish wave count towards $1.084 or even lower in Euro. The curre More	We're long with our First TP at $1.2724 Wave Analysis Yesterday, the Cable sustained the breakout above the consolidation zone, 1.2394-1.24384, and is still trading with an increasing upward momentum. We expect a possible bullish wave count towards $1.2701 or even higher. In the meantime, we sit on the fence and wait for a breakout above More	Flat Correction Wave Analysis Earlier today, the corrective wave (c) traded short as anticipated but could not go beyond the the end of the impulsive wave (a). The just witnessed three wave cycle is a flat correction, with the impulsive wave (c) not going beyond the end of wave (a), there is less momentum to the l More
10 November	Current upward rally just a retracement	Consolidations between 1.2394-1.2438.	Expect a possible bullish wave count towards 106
09 November	Euro rising relentlessly as the US Dollar falls to fresh weekly lows	The Cable still to gain ground against the US Dollar	Remain flat
08 November	Sell from 1.1091	Sell below 1.2394	Buy from 104.01
07 November	We're long	Expect a possible bullish price rally	Consolidation

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Elliott waves analysis

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