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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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2018 EURUSD GBPUSD USDJPY
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Wave Analysis After a momentum to the upperside earlier this week, euro is currently pulling back to the lowerside but is still above 1.15967-1.14430. The zone just stated above is a key weekly supportive zone and as long as the price remains above this zone, we expect nothing bu

Wave Analysis During this week, the cable has been in a constant up trend and is now approaching a key weekly resistance level 1.30612. This is a potential sell place and as long as it protects the upperside, we're waiting for a clear rebound from it to pick a long short position. The aim here is t

Wave Analysis After an attempt breakout above the upper trendline, the US Dollar is now below the same trendline but within the falling wedge formation. While the price is within the falling wedge formation, we expect nothing but a possible momentum to the lowerside. As long as the price remains wi

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