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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
01
May

Wave Analysis During the previous trading day, both the impulsive waves (5) and (c) continuing to the upper side and are still pretty much bullish both on the daily and on the weekly charts, as long as the price remains above the upper trend line ,we expect nothing but a possible momentum to the u

Wave Analysis The Corrective wave (4) continues to move to the lower side despite the previous forecast that this pair could rally towards 1.26405. On this chart, we are waiting for a clear breakout above the previous day's high to confirm that we are upwards, or a correction towards 1.24965 to pi

Wave Analysis Yesterday, instead of price continuing to the lower side as previously forecast, the price moved much higher and even hit our stops, we expect the price to continue to the upper side, that the current bearish price rally is the continuation of a correction to the lowerside and should

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