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Elliott waves analysis

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.

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Elliott waves analysis

09 - 13 October	weekly forecast 09 - 13 October Weekly Review Silver Weekly Review XAGUSD is currently moving impulsively to the upside. This pair is currently in an impulsive phase We can see from the chart above that despite the impulsive moves to the upside, the price is still in a downtrend. The price is currently forming the major outer wave "IV," wit More
2023	EURUSD	GBPUSD	USDJPY
13 October	We're short towards 1.04594. Wave Analysis: After a failed attempt to break above 1.06295, Euro could not sustain a steady move to the upperside, it instead pulled back to the lowerside and is still showing signs of continuing much lower. On this chart, we keep looking for low risk sell positions expecting a possible bearish More	We're sellers for now, towards 1.19725. Wave Analysis: After a failed attempt to break above 1.22667, the British pound pulled back to the lowerside and is now below the level 1.22667, this is a good place to consider long tern sell position,. we expect the rebound from around 1.234 to have been an end to the last impulsive wave (3) tha More	Wait and buy a break above 150.153 \Wave Analysis The US Dollar continues to rally to the upperside and is now above 147.365, as it is right now, we are looking forward to a possible long term buy positions with the next ideal target set around 155.90 and may likely extend much higher. On this chart, buyers are in complete control More
12 October	We're long above 1.06295	We're long towards 1.24422.	We're long towards 155.89
11 October	We're looking for sell positions towards 1.04489	We're buyers as long as the price remains above 1.22751 towards 1.25509.	We're long for now
10 October	We're short for now	wait	We're long for now towards 150.109
09 October	We're in a correction mode	We're short for now	We're waiting for a possible long position. from along the lower trendline

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Elliott waves analysis

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