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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
27
September

Wave Analysis During the previous trading day, Euro continued massively to the lower side and is still pretty much bearish. As long as the price remains below the previous day's lowest low, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the contin

Wave Analysis The Close of the previous day saw the cable break below 1.23390. This was a major move and following the just witnessed break below yesterday's lowest low, I expect nothing but a possible momentum even further to the lowerside. The idea is not to look for a sell position now, rather,

Wave Analysis Instead of continuing to the lowerside as previously forecasted, the US Dollar rallied to to the upperside and even went above the upper trendline acting as the top of the falling channel. As long as the price remains above this trendline, we expect further momentum to the upperisde

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September
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September
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September
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September
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