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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.

Ondas de Elliott para análise da correlação de Forex

Support and resistance system should only be used in a higher timeframe chart, like one hour and above. This is necessary because at such a higher time frame, brokers cannot manipulate the price to my disadvantage.

How I draw strong support and Resistance

Before I call a level strong, the same level must met the following conditions.

  1. Must have been used as a support before.
  2. Must have been used as a resistance before.
  3. There must be a big candle that broke through it at one point in the past!

Again, when drawing my support and resistance levels, I use a range, not a single line, this is because price tends to test particular level before retrieving, range caters for these levels.

More

10 - 14
Julho
weekly
forecast
10 - 14
Julho

Gold Weekly Review Wave Analysis: Perfectly as previously forecasted on the weekly forecasts, gold markets dropped in price even further but is yet to hit our monthly support level 1191.12. During this week, we expect a possible extension of the corrective wave (b) but should not go beyond 1

2017 EURUSD GBPUSD USDJPY
12
Julho

Wave Analysis Instead of correcting itself downward rally as previously forecasted, Euro slightly corrected itself to the lower side but could not hit the support level 1.12824, instead, we're headed to the upper side. We expect the upward rally to an extension of the impulsive wave (v) to the uppe

Wave Analysis: During the previous trading day, the cable opened at 1.2879, went as high as 1.2927 and as low as 1.2831, but ended up closing 1.2845, just a couple of pips below its opening price. The previous day's candle is a perfect bearish continuation candle and could be an onset to the previo

Wave Analysis: During the previous trading day, this pair opened at 114.034, went as low as 113.71 and as high as 114.303 but ended up closing at 113.941, just a few pips below it's opening price. The previous day's candle is a perfect bearish pin bar candle and could be an onset to a correction to

11
Julho
10
Julho
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