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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

20 - 24
August
weekly
forecast
20 - 24
August

Gold weekly Analysis The previous week has seen Gold move bullish for the better part of the week. Currently, gold is trading above a significant support area 1152.56, and 1153.94. As long as gold is trading above this range, long positions are recommended. Traders should however correlate

2015 EURUSD GBPUSD USDJPY
28
August

Technical View EUR/USD is currently trading with a bearish bias. The pair successfully crossed our key level 1.1384, and even went further down and is right now on a corrective move upwards. As long as the pair trades below 1.1276, short positions are recommended but with a stop at at the support

Technical View: GBP/USD is currently trading with a bullish bias. The pair crossed below our support trend line and is currently trading below the 23.6% fib level. It is anticipated that the current corrective wave will rally upwards only up to the 23.6% fib level. Traders willing to sell at thi

Technical View: USD/JPY is currently trading with a bullish Bias. The pair is currently on a corrective move downwards but trading above the 50% fib level. As long as the pair trades above this fib level, long positions are recommended but with a stop at the 61.8% fib level. Any movements above

27
August
26
August
25
August
24
August
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