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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

10 - 14 April	weekly forecast 10 - 14 April Buy SPX500 SPX500 Weekly Review The SP500 has been bullish since last week, but is currently in a corrective phase known as the ABC corrective pattern. The price is expected to drop slightly, possibly down to 4161.6, before rebounding back up to 4590.9. It's worth noting that there is a major resistance zon More
2023	EURUSD	GBPUSD	USDJPY
14 April	We're long Since the beginning of this week (10/4/2023), EURUSD has been very bullish. Based on the chart above, it can be observed that the market has been moving in an impulse and correction pattern, starting from the major wave (IV) 1.0836. Currently, the market has formed a symmetrical triangle pattern at More	We're long GBPUSD has been bullish since the beginning of this week. Currently, the market is forming the "V" major impulsive wave pattern. However, starting from the major impulsive wave (I) at 1.2187, the market has been moving in an ascending channel, which is a bearish reversal pattern. Addition More	We're short USDJPY is currently very bearish, having formed a complete major (V) pattern. Looking at the chart above, it can be observed that from major wave (V) at 134.02, the market is now forming another inner minor V-wave pattern, which is considered a corrective phase. The price is currently moving in an More
13 April	We're long for now	We're buyers	We're short
12 April	We're looking for buy positions	We're buyers	We're short for now
11 April	We're buyers for now	We're buyers for now	We're sellers for now
10 April	We're buyers	We're buyers	We're sellers

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Elliott waves analysis

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