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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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23 - 27
November
weekly
forecast
23 - 27
November

Gold weekly Review: Weekly Review: During the course of Friday session, gold rallied up but only up to $1068.20 before forming a bit of a shooting star.  This shooting star is pretty much bearish and a  break below $1073.20 will confirm this anticipated downward. Should the latter b

2015 EURUSD GBPUSD USDJPY
27
November

Wave Analysis: EUR/USD is currently trading with a slight bullish bias. The pair traded short during yesterday's trading day but could not close below a daily support 1.05650. We are waiting for further downward movements towards this level before we can go long. As long as the pair trade above t

Technical Analysis: GBP/USD is currently trading with a slight bearish bias. Pound failed to close within the triangle, instead it bounced off from the lower green trend line and is currently heading short. A break below 1.5065 will mean further downward movements probably up to below 1.5027. In

Wave Analysis: USD/JPY is currently trading with a slight bearish bias. We expected further movements toward the resistant level 123.61. Ideally, wave (b) should end at 123.61, or slightly above it to 123.75. Traders trading this pair should observe other pairs such as HKD/JPY, GBP/JPY, and EUR/J

26
November
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