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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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2020 EURUSD GBPUSD USDJPY
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August

Wave Analysis Earlier this week, Euro bounced off from the upper trendline rallied to the lowerside and is still pretty much bearish both on the daily and on the weekly charts, on the 4 hours chart attached we're anticipating a possible continuation of the corrective wave (2) to the lowerside but

Wave Analysis After an attempt to breakout above the upper trend line, the British pound pulled back to the lower side but again ended up below it but failed to touch the lower supportive trend line. We expect the current bullish price rally to be the continuation of the impulsive wave (iii) to the

Wave Analysis After bouncing off from the upper trendline, the US Dollar continued to the lowerside and is still very much bearish both on the daily and on the weekly charts. While the price remains below the upper trendline, we expect nothing but a possible momentum to the lowerside, the anticipa

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