Elliott waves for Forex correlation analysis — Expect a possible bullish price movements towards 1.3275

GBPUSD — Flat Wave Analysis: Earlier this week, the corrective wave (4) extended a bit higher than expected and is currently still above a key weekly resistance level 1.2683. As long as the price remain above this resistance level, we expect further corrective wave count to the upper side but should not go beyond 1.3275. Ideally, the just broken resistance […]

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Elliott waves for Forex correlation analysis — We’re still long

EURUSD — Up Wave Analysis: As expected, Euro retraced slightly to the lowerside but is still showing signs of possible momentum to the upperside. As long as the price remains above 1.06800, we expect a possible bullish price rally towards 1.0865. This upward rally is highly anticipated since the previous day’s candle is a perfect bullish inside bar and will […]

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Elliott waves for Forex correlation analysis — We’re long

EURUSD — Up Wave Analysis: Earlier this week, Euro bounced off from the lower supportive trend line forming bottom of the rising channel, headed long and is still showing signs of possible momentum to the upper side. As long as the pair remains above this trend line, we expect a possible impulsive bullish wave count towards 1.0865 or even a […]

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