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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

07 - 11 August	weekly forecast 07 - 11 August Weekly Review SPX500 Weekly Review SP500 is currently exhibiting a strong bearish trend. The market is currently undergoing a corrective phase, specifically an ABC corrective pattern. Our projection is for the market to decline, reaching at least 4335.5. Please be aware that this zone aligns with our target fo More
2023	EURUSD	GBPUSD	USDJPY
11 August	We're short for now EURUSD is currently undergoing a substantial downward movement, aligning with the anticipated bearish impulsive phase. A visual analysis of the chart confirms the ongoing formation of the outer wave 'V'. Our projection indicates a potential descent to at least 1.0953, with the ultimate objective se More	We're short for now GBPUSD is currently exhibiting strong bearish momentum, as evident from the chart above. The market remains within an impulsive phase, with the formation of impulsive wave 'V' currently underway. We anticipate the price to decline, possibly reaching the level of "1.2480." It's important to note tha More	We're long USDJPY is still bullish, and the market is currently at a resistance zone of 144.88, we are watching keenly waiting for the market to break above impulsively, Failure to which this setup will be invalidated. Note that this pair is still in a bullish impulsive phase. From the chart above we can see More
10 August	We're short now	We're sellers for now	We're long for now
09 August	We're short for now	We're long temporarily	We're buyers for now
08 August	We're be short	We're buyers for now	We're buyers for now.
07 August	Buy EURUSD now	We're long for now	We're long for now

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Elliott waves analysis

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