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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

28 December 2015 - 01 January 2016
weekly
forecast
28 December 2015 - 01 January 2016

Gold Weekly Review: Weekly Review: During The previous week, Gold traded long for the better parts of the week but could not reach our target of $1159. During the cause of this week, we expect gold to continue long, but with ultimate take profits at $1159, and $1316. If gold should move

2015 - 2016 EURUSD GBPUSD USDJPY
31
December

Wave Analysis: EUR/USD is currently trading with a bearish bias. During the previous trading day, Euro made little movements towards our set targets, during this intraday, we put our focus on 1.087 to act as a good support, and 1.036 as a significant resistant. Any clear movement below 1.087 will

Wave Analysis: GBPUSD is currently trading with a bearish bias. For the past few months, pound has made lower lows but not closing below the lower green supportive trend line. We are waiting for a clear close below the green trend line to go short with our focus on 1.4704. But as long as the pai

Wave Analysis: USDJPY is currently trading with a bullish bias. We are waiting for a clear close below the diagonal trend line to go short with targets below 118.13. But as long as the pair trades above the green trend line, we will look for long positions with targets above 122.44. Traders tradin

30
December
29
December
28
December
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