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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

05 - 09
October
weekly
forecast
05 - 09
October

Gold Weekly Review: Technical View During the early parts of last week, Gold markets fell significantly but around following the  results of the number of jobs in the United States.  It was expected that the employment figures should be 201,150 for September, but that didn't happened it miss

2015 EURUSD GBPUSD USDJPY
09
October

Technical View: EUR/USD is currently trading with a slight bearish bias. the pair crossed above a significant key resistant level 1.1259. but is unable to close above 1.1295. We are waiting for a clear breakout above 1.1294 before long positions can fully be recommended. if the price close above

Technical View: GBP/USD is currently trading with a bullish Bias. Instead of heading short from 1.5346, the pair crossed and closed above it and is currently trading above it. As long as the pair trades above the key pivot level 1.5346, the pair is expected to trade on the higher ranges. The lon

Technical View: USD/JPY continues to trade within the range 121.616 and 118.41 in spite of the breakout involved in the other positively correlated pairs. We are waiting for a clear break out either above or below the range to mark the end of the long term consolidation. Buy positions are thus re

08
October
07
October
06
October
05
October
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