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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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2019 EURUSD GBPUSD USDJPY
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Wave Analysis Although Euro is currently in an active up trend. This pair should continue to the lowerside ultimately. As long as the price remains within the falling channel formation attached above, we expecting further momentum top the lowerside. The anticipated bearish formation if the continua

Wave Analysis Even after breaking and closing below 1.22357, the cable is still not clearly headiong to the lowerside, as it is on the monthly chart, we're still within our sellers teritiry and in case the current month's candle closes above this level, then this will; mean we're heading to the upp

Wave Analysis The US Dollar is in an active up trend. We expect the current bearish price rally to be a mere correction and should not go below 107.680 where we'll be looking to rebuy the Us Dollar with an ultimate target at 110.25. The anticipated bullish price rally is the continuation of the imp

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