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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

07 - 11
March
weekly
forecast
07 - 11
March

Gold weekly Review: Weekly review: During the previous trading week, instead of going short, black wave [4] went a bit higher but could not close above the upper thick trend line, unless the price closes successfully above this trend line, we will be keen to look for short positions with an

2016 EURUSD GBPUSD USDJPY
11
March

Wave Analysis: EUR/USD is currently trading with a strong bullish bias. Euro traded perfectly short as previously forecasted but could not go below the support level 1.08224. Instead, it rebound from this level and ended up closing above its opening price thereby giving us a trend continuation cand

Wave Analysis: GBP/USD is currently trading with a bullish bias. During the past trading day, the black wave(4) traded perfectly short and ended up rebounding along the lower supportive trend line as previously forecasted. We expect the current upward rally to be the unfolding of wave (5) with an i

Wave Analysis: USD/JPY is currently trading with a slight bullish bias. During the previous trading day, usd/jpy rebound from a significant support level 112.60 and is currently trading above a short term resitant level 113.35. As long as the pair trades above this level we will remain long but wit

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March
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