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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
Janeiro
weekly
forecast
11 - 15
Janeiro

Gold Weekly Review: Weekly Review: During The previous week, Gold markers fell and even tested the key level $1113. During the cause of this week, we expect the pressure to go short to continue and even head lower to 1032. If Gold can successfully close below 1032, then we will be lookin

2016 EURUSD GBPUSD USDJPY
15
Janeiro

Wave Analysis: EUR/USD is currently trading with a bullish bias. During the previous trading day, Euro traded long but found a resistant along 1.093. Unless, there is a clear break out above 1.0938, we will be keen to look for short positions along 1.0923 with an ultimate target along the lower g

Wave Analysis: GBP/USD is currently trading with a bearish bias. During the previous trading day, Pound tested the key level 1.4423, but ended up closing below it. As along as pound trades below this level, we will be keen to look for for short positions with targets at 1.4348 and 1.4231. This pai

Wave Analysis: USDJPY is currently trading with a bearish bias. During the previous trading day, usd/jpy could not close below 117.34, we are waiting for a clear break out below 117.14 to go short with targets at 116.69 and 116.00. This pair should be traded alongside other positively correlated p

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