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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

22 - 26
February
weekly
forecast
22 - 26
February

Gold weekly Review: Weekly Review: During the previous trading week, gold rebounded from the upper trend line and is still bearish. On March 16th, 2014, while the price was trading at $1384, the intraday stochastic was trading at 92.05. We expected the price and the stochastic to get

2016 EURUSD GBPUSD USDJPY
26
February

Wave Analysis: EUR/USD is currently retracing towards 1.1080. Unless the pair breaks above 1.1103, we may expect a rebound from 1.108 for us to go short with our target at 1.100 and 1.082. A break above 1.1103 will call for further long positions with an ideal target at 1.1331. This pair should b

Wave Analysis: GBP/USD is currently on an upward pullback towards 1.4017. A break above 1.4079 will call for further long positions with an ideal target at 1.4149. However, should the price clearly rebound from either resistance levels, 1.4017, 1.4079, or 1.4149, you should go short with you ulti

Wave Analysis: USDJPY is currently trading with a bullish bias. We are waiting for a clear breakout above the immediate resistive trend line for us to continue long with wave (c) with an ultimate target at 116.67. However, expect a minor pullback from this trend line towards 112.39 to confirm the

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