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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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25 - 29
July
weekly
forecast
25 - 29
July

Gold Weekly Review Weekly Review During the previous week ending 22nd July 2016, gold markets traded short and even hit our first target support level  $1320. As long as the level $1320 protects the lower side, we expect rebound from this level to continue long with wave (c) but should not

2016 EURUSD GBPUSD USDJPY
29
July

Wave Analysis: EUR/USD is currently trading with a bullish bias. Yesterday, the pair traded perfectly long as previously forecasted and even hit our second target resistance at 1.1109. The resistance level 1.1109 is a key level and will require a lot of force for price to close above it. Thus, we e

Wave Analysis GBP/USD is currently trading with a bullish bias. Yesterday, the pair retraced to the lower side but could not close below 1.3111. As long as the level 1.3111 protects the lower side, we expect a possible rebound from this level to go long but only up to 1.3491. A clear breakout below

Wave Analysis USD/JPY is currently trading with a strong bearish bias. Earlier today, the pair traded massively short and even broke below 103.98, we expect further movements to the lower side but should not go beyond 102.01. A break below 102.01 will push the price further to the lower side with a

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July
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