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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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2021 EURUSD GBPUSD USDJPY
12
November

Wave Analysis During the previous trading day, Euro moved slightly to the lowerside and is still showing signs of continuing much lower. As it is right now, we are sellers, we are holding onto a sell position we took previously expecting the price accelerate much lower towards 1.1356 and may extend

Wave Analysis During the previous trading day, the British pound rallied to the lowerside and is still showing signs of continuing much lower. On this chart, we are still holding on the position we took during the previous the trading day expecting a break and close below 1.3219 and may extend much

Wave Analysis Yesterday, the US Dollar moved slightly to the upperside and is still showing signs of continuing much higher. If you are on this chart right now, keep looking for long term buy positions expecting a break above 114.40 and may extend much higher. On this chart, buy positions looks ide

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