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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.

Elliott waves analysis

15 - 19
August
weekly
forecast
15 - 19
August

Gold weekly Review weekly Review During the previous week ending 12th August 2016, Gold markets formed a perfect  pin bar on the daily chart and is likely to head further to the lower side. During  this week, we expect  a possible bearish price rally towards $1324 or even lower to $1315. This

2016 EURUSD GBPUSD USDJPY
19
August

Wave Analysis EUR/USD is currently trading with a bearish bias. Yesterday, the pair traded long as previously forecasted but is yet to reach our target resistance level at 1.13866. Euro is still pretty much bullish on the daily chart and may head further to the upper side. We expect the current dow

Wave Analysis GBP/USD is currently trading with a slight bearish bias. Yesterday, the pair traded long and even broke above a key resistance level 1.31372, we expect the just broken level to act as a support to any downward rally. Since the price is already rebounding from it, now is the most oppor

Wave Analysis: USD/JPY is currently trading with a bullish bias. Yesterday, wave (c) traded to the lower side as forecasted but is yet to reach our target at 99.033. During this intraday, we still expect further movements to our previous target but only after a clear bearish reversal from 100.73. T

18
August
17
August
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August
15
August
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