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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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18 - 22
January
weekly
forecast
18 - 22
January

Gold Weekly Review: Weekly Review:   During the previews trading week ending 15th January 2016, gold traded short having been rejected from 1106.69, during this week,  we will have the levels 1046 and 1179 as our key levels for observation. If gold can successfully close above 1096, the

2016 EURUSD GBPUSD USDJPY
22
January

Wave Analysis: EUR/USD is currently trading with a bearish bias. During the previous trading day, wave (5) traded perfectly short as previously forecasted and even close below 1.085. We still expect further downward movements towards 1.0645. Ideally, wave (5) should close below the end of wave (3

Wave Analysis: GBP/USD is currently trading with a bearish bias. During the previous trading day, pound traded short but found a support at 1.41005, went long but could not close above a key resistant level 1.4241. We are waiting for a clear close above 1.4248 to continue long with an ultimate

Wave Analysis: USD/JPY is currently trading with a bullish bias. We expect 115.97 to have marked the end of the five wave cycle, that the current upward movement is a corrective three wave cycle with wave (a) ending at 118.36. We will thus be looking to sell from 118.36 with our targets at 117

21
January
20
January
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January
18
January
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