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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

26 - 30 December	weekly forecast 26 - 30 December Weekly Review SPX500 Weekly Review Wave Analysis: The SPX500 continues to rally to the lowerside and is not showing signs of continuing to the upperside. As long as the price remains below the upper trendline, we are looking for nothing but a possible rally to the lowerside. the idea here is to keep loo More
2022	EURUSD	GBPUSD	USDJPY
30 December	We're waiting for a rebound from 1.05937 to pick a buy position. Wave Analysis: Euro continues to rally within a range, not going below 1.06878 and above 1.05937. As long as the price remains within this range, we are focusing on reversals. We are waiting for a clear breakout above he upper line to pick a possible long term buy position towards 1.07, and in case More	Wait and buy a break above 1.2140 Wave Analysis: The British pound is showing signs of bouncing off from the upper trendline. As long as the price remains below the the upper trendline, we are looking at nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of an impulsive wave cy More	We're sellers towards 130.94 Wave Analysis: The US Dollar is currently rallying in a bearish bias momentum. As it is right now, we are looking for nothing but a possible momentum to the lowerside, we expect nothing but a possible rally towards 130.94 and may continue much lower towards 120 and may continue even lower. On the f More
29 December	We're on the sidelines	We're buyers from 1.20085	As long as the price remains above 133.736, we are buyers towards 137.850.
28 December	Wait.	We're sellers towards 1.18	We're on the sidelines.
27 December	We're waiting	We're long towards 1.2175.	We're waiting for a sell from 133.736 towards 130.

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Elliott waves analysis

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