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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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27 Junho - 01
Julho
weekly
forecast
27 Junho - 01
Julho

Gold Weekly Review Weekly Review:   During the previous trading week ending 24th June 2016, gold markets rose considerable following Brexit and even hit our target $1320. The level $1320 is a key level and may protect the upper side, however, a clear break above this level will push the

2016 EURUSD GBPUSD USDJPY
01
Julho

Wave Analysis: EUR/USD is currently trading with a bearish bias. Yesterday, the pair broke below the ascending channel, headed short but could not close below 1.1023. During this intraday, following the retest of the lower trend line forming bottom of the rising channel, we expect further movements

Wave Analysis GBP/USD is currently trading with a bearish bias. The Cable continues to make lower lows even as Gold and EUR/GBP, maintains a "safe heaven", higher highs status. Following the breakout below 1.3375, we expect further movements to the lower side and may break below 1.31160. Since Euro

Wave Analysis: USD/JPY is currently trading with a slight bearish bias. Yesterday, the pair rebounded above its consolidation zone 102.34-102.06, headed long but is yet to reach our target resistance level 103.70. We expect a possible bullish price movements towards 103.70 or even higher to 104.84

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