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My gbp/usd analysis
After reading Hurst's book and studying charts decided to share some of my thoughts, hope others (especially Simba) will find them good.
From my point of view now all short and medium term cycles are dominated by longer ones (see chart - red (35), green (49) and blue (75) MAs are crossing each other while going up). Aqua (105) MA just bottomed out and started to go up for about 2 days now, probably causing all this price climbing. I estimate its cross with magenta (205) MA somewhere around 2.0120 and within next 6 - 8 trading days. So this means we should see gbpusd in 2.0424 - 2.0576 area in 6 - 8 trading days time.
Also, as we see from daily chart, SATL turned blue supporting this prediction.
Any comments?
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