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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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05 - 09
Junho
weekly
forecast
05 - 09
Junho

Gold Weekly Review Wave Analysis; Since January, Gold markets have risen incessantly and is still rising. The previous month's candle is a perfect bullish pin bar, and as long as the level 1082.3 is not broke to the lower side, we expect a possible bullish momentum towards the monthly resista

2017 EURUSD GBPUSD USDJPY
09
Junho

Wave Analysis: The corrective wave (4) continues to rally around a key monthly resistance zone 1.1550-1.1186. As long as this zone is not violated to the upper side, we expect a possible rebound from this zone to sell the impulsive wave (5) to the lower side with the first target at 0.9699 and the

Wave Analysis; Earlier today, the cable gaped a bit lower than expected and is still 1.2777, as long as the level 1.2777 is not violated, we expect a possible extension of the impulsive wave (c) to the lower side but should not go beyond 1.2444. A clear breakout below this level will push the price

Wave Analysis: During the previous trading day, the US Dollar retraced higher than expected and is still bullish on the daily chart. Nonetheless, we expect this upward rally to be a mere correction of the outer impulsive wave (c) and should not go beyond 111.96. If you went long during our previous

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