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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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11 - 15
Julho
weekly
forecast
11 - 15
Julho

Weekly Review:   During The previous trading week ending 8th July 2016, Gold markets traded long as previously forecasted and is still pretty much bullish. During this intraday, we expect a possible bullish price movements towards 1383 and may even  break above it towards 1431. In the me

2016 EURUSD GBPUSD USDJPY
15
Julho

Wave Analysis EUR/USD is currently trading with a bullish bias. Yesterday, wave (c) traded long as previously forecasted but is yet to reach our target resistance level 1.1155. During this intraday, we expect a possible bullish rally towards 1.1155 or even higher to 1.1267. A clear reversal from th

Wave Analysis GBP/USD is currently trading with a bullish bias. Yesterday, the pair traded long as previously forecasted and is still pretty much bullish. We wait for a clear breakout above 1.3491 to give us the green light to continue long towards 1.41199. A clear rebound from 1.3491 will culminat

Wave Analysis USD/JPY is currently trading with a bullish bias. Yesterday, the pair traded long as previously forecasted and even hit our target resistant level 106.29. We wait for a clear breakout above 106.29 to signal the continuation of the previous day's bullish trend towards 108.96. This view

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Julho
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