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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

17 - 21
April
weekly
forecast
17 - 21
April

Silver Review  XAGUSD is currently bearish. The market is in a corrective phase (ABC corrective pattern).On the chart above, the market has developed an ascending channel, which is a bearish reversal pattern, stretching from 22.354 to its current position at 25.294. The price is anticipated to ex

2023 EURUSD GBPUSD USDJPY
21
April

EURUSD is currently in a corrective phase with an ABC corrective pattern. As shown in the chart above, the price has formed an ascending channel from the major impulsive wave (I) at 1.0934 to the end of the major impulsive wave (V) at 1.1076, indicating a bearish reversal. Again, this pair has form

GBPUSD has been consolidating for the last few days. Currently, this pair is in a corrective phase (the ABC corrective pattern). The market has formed an ascending channel from the major impulsive wave (I) at 1.2197 to the end of the impulsive wave (V) at 1.2546, which signals a bearish reversal pa

USDJPY is currently very bearish. The market is currently in a corrective phase (ABC corrective pattern) and as we can see on the chart above the outer major wave, appears to be forming a (V) major wave pattern that originates from major outer IV at 130.74. This indicates that the corrective phase

20
April
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April
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April
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April
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