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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

21 - 25
September
weekly
forecast
21 - 25
September

Gold Weekly analysis Technical View:   Since 27th August 2013, Gold has traded withing the downward channel represented by the above wave (1-5). On 22nd Match 2014, the gold almost crossed and closed above the upper Resistance trend line unfortunately the level contained it. Then on 27th J

2015 EURUSD GBPUSD USDJPY
25
September

Technical View: EUR/USD is currently trading with a bearish bias. We are still waiting for wave (c) to close below wave (a), as long as wave (c) trades above the support trend line, short positions are ideal, any clear movements below the support trend line will signal further movements to the lo

Technical View: GBP/USD is currently trading with a bearish Bias. The pair trades short for the better parts of the previous day but failed to reach a key pivot level 1.5161, As long as the pair trades above this level, long positions are ideal, any clear movements below this level will signal fur

Technical View: USD/JPY continues to trade with the range 118.24 and 121.63. As long as the pair trades within this range, traders are advised to wait for clear breakout above/ below these levels before executing trades. As a precaution, observe other pairs such as HKD/KPY, and GBP/JPY for strong

24
September
23
September
22
September
21
September
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