Picture of the author

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.

Elliott waves analysis

2024 EURUSD GBPUSD USDJPY
26
January

The situation with the considered pair during the last trading day unfolded as expected. However, the movements turned out to be more extensive than anticipated. The price even slightly updated the local minimum. Nevertheless, all the movement that occurred is considered a correction forming withi

Another trading day for the considered pair passed without significant changes. The price steadily continued its movement within defined boundaries, forming a horizontal trend inside a channel. This trend is driven by the formation of a correction, which likely represents the second wave in the de

There have been no significant changes in the considered pair during the past trading day. The price has stalled, gathering momentum for some important breakthrough. Based on the current wave pattern, this breakthrough is expected to occur in the downward direction. This is driven by the developme

25
January
24
January
23
January
22
January
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus