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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
29
January

Wave Analysis Yesterday, we saw a steep surge to the lowerside but still the price could not reach our target level set at 1.20530. As it is now, we are in the sellers mode, we are basically looking for a breakout below 1.20530 to pick further momentum to the lowerside and should breakout below 1

Wave Analysis Yesterday, our target was hit when the price tested the lower trendline. We expected a possible breakout below the lower trendline but the price failed to close below it. If the price breaks and closes below the lower trendline, then this will be a good sign that we are continuing t

Wave Analysis During the previous trading day, the Us Dollar continued to the upper side perfectly as previously forecasted. As long as the price remains above 104.461, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the impul

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January
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