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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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22 - 26
August
weekly
forecast
22 - 26
August

Gold weekly review Weekly review During the previous trading week ending 19th August 2016, gold markets retraced to the upper side but ended up closing a few pips above the previous week's opening price. During this week, gold could possibly be headed to the upper side but should not go beyon

2016 EURUSD GBPUSD USDJPY
26
August

Wave Analysis EUR/USD is currently trading with a bullish bias. Yesterday, the pair retraced to the upper side and ended up breaking above 1.1276, although we anticipate further movements to the upper side, we cannot rule out the possibility of a breakout below 1.1267. If the latter is the case, th

Wave Analysis GBP/USD is currently trading with a declining upward momentum. As previously forecasted, the pair traded perfectly short but is currently retracing to the upper side. We expect a possible rebound from the level 1.3205 to continue short with an ideal target at 1.3134. Ideally, during t

Wave Analysis USD/JPY is currently trading with a declining upward momentum. This pair continues to trade within the rising triangular formation but with a declining upward momentum. We are waiting for a clear breakout below the trend line forming hypotenuse of the triangle to go short. A clear bre

25
August
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