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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

25 - 29
January
weekly
forecast
25 - 29
January

Gold weekly Review: Weekly Review:   During the previous trading week, Gold  traded long but could not break above a key resistant level $1106. During this week, we will be keen to look for a break above $1114 to mark the continuation of the upward thrush. This anticipated upward trend

2016 EURUSD GBPUSD USDJPY
29
January

Wave Analysis: EUR/USD is currently trading with a bullish bias. During the previous trading bay, Euro traded long and even crossed and closed above the the upper resistive trend line forming top of the falling channel, Unless there is a clear break below this trend line, we will be long with our

Wave Analysis: GBP/USD is currently trading with a bullish bias. During the previous trading day, pound traded long but is yet to reach our target of 1.4419, we still expect further movements to the upper side for wave (c) to close at 1.4419 or even further to 1.4523. This pair should be traded al

Wave Analysis: USD/JPY is currently trading with a bullish bias. During the previous trading day, usd/jpy crossed above a key resistant level 118.81, unless the price closes below 118.54, we will likely be headed long with our ultimate target at 121.40. Otherwise, we will be short below 118.54 wi

28
January
27
January
26
January
25
January
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