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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

12 - 16
October
weekly
forecast
12 - 16
October

Gold weekly Analysis Weekly Review: During the session on Friday, Gold markets rose significantly, as previously forecasted, we continue to see buyers go into the market. The level 1160.83 is a significant resistant level. As a result, in case of a clear break above it, then gold is l

2015 EURUSD GBPUSD USDJPY
16
October

Technical View: EURUSD is currently trading with a slight bearish Bias. The pair traded short after forming a double top at 1.1483. We expect further downward movements probably upto 1.1259 before buy positions can be recommended. For now short positions are ideal but with stops at 1.1259. This p

Technical View: GBPUSD is currently trading with a slight bearish bias. The pair tested a key pivot level 1.5499 but could not close above it. The pair got rejected from that level and ended up closing below another significant key level 1.5477. As long as the pair trades below this levels, short

Technical View: USDJPY is currently trading with a bullish bias. The pair traded short for the better part of yesterday and even tested a key pivot level 118.44 but ended up closing above it. The pair continues to trade with the equilibrium zone 118.44 and 121.61 despite the break out witnessed in

15
October
14
October
13
October
12
October
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