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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.

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06 - 10
Marcha
weekly
forecast
06 - 10
Marcha

Gold Weekly Review Wave Analysis: As expected, the impulsive wave (a) traded intensely to the lower side but could not go lower than 1224.77. The bullish pullback witnessed on Friday the last trading day is a mere correction of the impulsive wave (b) and should not go beyond 1253.75 from where w

2017 EURUSD GBPUSD USDJPY
10
Marcha

Wave Analysis: Instead of going short as previously forecasted, the impulsive wave (5) ended a bit earlier than expected and could not go beyond the short term support level 1.05310. The pair then traded massively long and even broke above the upper resistive trend line and also above 1.05751. Foll

Wave Analysis: As expected, both the inner wave v and the outer wave (5) traded short and is still pretty much bearish. We expect the bearish pin bar witnessed earlier today to mark the continuation of these impulsive waves to the lower side towards 1.1994. A break below this level will push the p

Wave Analysis: As expected, the US Dollar broke above the resistance level 114.50, headed long and even ended up forming a a bullish pin bar with it's lower tail being supported by the just broken resistance level. We went long following this bullish pin bar expecting the price to continue long tow

09
Marcha
08
Marcha
07
Marcha
06
Marcha
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