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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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07 - 11
Marcha
weekly
forecast
07 - 11
Marcha

Gold weekly Review: Weekly review: During the previous trading week, instead of going short, black wave [4] went a bit higher but could not close above the upper thick trend line, unless the price closes successfully above this trend line, we will be keen to look for short positions with an

2016 EURUSD GBPUSD USDJPY
11
Marcha

Wave Analysis: EUR/USD is currently trading with a strong bullish bias. Euro traded perfectly short as previously forecasted but could not go below the support level 1.08224. Instead, it rebound from this level and ended up closing above its opening price thereby giving us a trend continuation cand

Wave Analysis: GBP/USD is currently trading with a bullish bias. During the past trading day, the black wave(4) traded perfectly short and ended up rebounding along the lower supportive trend line as previously forecasted. We expect the current upward rally to be the unfolding of wave (5) with an i

Wave Analysis: USD/JPY is currently trading with a slight bullish bias. During the previous trading day, usd/jpy rebound from a significant support level 112.60 and is currently trading above a short term resitant level 113.35. As long as the pair trades above this level we will remain long but wit

10
Marcha
09
Marcha
08
Marcha
07
Marcha
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