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Elliott waves analysis

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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Elliott waves analysis

2024	EURUSD	GBPUSD	USDJPY
12 June	EUR/USD: Growth within the Forming Correction. During the past trading day, the price traded within the framework of the current main wave scenario. Although the euro exchange rate dropped again and updated the local minimum, this fits well within the expected correction, which appears to be a zigzag in wave x. Now, the price is attempting to More	GBP/USD: Low Activity Continues. Over the past day, the situation for this pair has remained unchanged. The price stayed at the same levels without making any moves toward a directional movement. Thus, the previously considered scenario remains relevant. In the near future, we might see a slight price increase. Buying here is not More	USD/JPY: Current Wave Scenario Remains Relevant. No significant changes have been observed in the USD/JPY pair. The price hasn't shown any notable movement over the past day, keeping the current wave scenario intact. In the near future, a slight increase towards the upper boundary of the channel is expected. This boundary also serves as the form More
11 June	EUR/USD: Price Entering a Sideways Movement.	GBP/USD: The Correction Continues.	USD/JPY: Awaiting Completion of the Ending Diagonal Triangle.
10 June	EUR/USD: Correction Phase.	GBP/USD: Dollar Attacks.	USD/JPY: Ending Diagonal Triangle in the Fifth Wave.

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Elliott waves analysis

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