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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
18
May

Wave Analysis During the previous trading day, both the impulsive waves v and (c) extended significantly to the lower side and are still pretty much bearish both on the daily and the weekly charts. Today, we expect a possible extension of both the impulsive waves to the lower side and may break bel

Wave Analysis During the previous trading day, the cable opened at 1.3495, went as high as 1.3568 and as low as 1.3473 but ended up closing at 1.3515, just a few pips above it's opening price. The previous day's candle is a possible sign that, although buyers are still in this market, sellers are c

Wave Analysis Perfectly as previously forecasted, the impulsive wave (c) extended significantly to the upper side and is still pretty much bullish both on the daily and the weekly charts. Today and in the next few days, we expect a possible extension of the impulsive wave (c) to the upper side but

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