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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.



The scenario involving the development of an initial diagonal triangle as wave i in the presumed emerging upward impulse is currently being confirmed. After the formation of this pattern, the price declined, likely to form a correction, which will be identified as wave ii. In the near future, poss

The pound, while managing to slightly rise and update the local maximum, is struggling against the strong resistance exerted by the American currency. Perhaps after overcoming this challenging stretch, the price will accelerate and rise significantly, as indicated by the current wave scenario, acc

The situation with the USD/JPY pair remains unchanged, with no significant changes observed. The price continues to fluctuate within a narrow range, showing no activity to break out of its boundaries. As long as it remains in this sideways trend, trading this instrument is not recommended. The pre

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