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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.

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2022 EURUSD GBPUSD USDJPY
06
May

Wave Analysis: The Euro has been trading within the lower and the upper trendline,recently the price rallied towards the upper side at the impulsive wave cycle three but then bounced off towards the lower side at the corrective wave cycle four.The price is currently around the lower trendline,I ex

Wave Analysis: This pair has been rallying towards the lower side for quite sometime now,during the previous forcast,we had ancicipated a break below the lower trendline.As at now the price is still rallying along the lower trendline,I expect a clear break below the lower trendline and a further be

Wave Analysis; This pair is currently trading in an expanding wedge formation,the price has been rallying within the upper and the lower trendline.During the previous trading days,the price rebounded from the lower trendline at the corrective wave cycle four towards the upper side in continution o

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