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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
13 September	EUR/USD. Impulsive growth in the fifth wave. After seriously threatening to plummet even lower, the price significantly shook the nerves of buyers before deciding to start growing. Eventually, the critical level, passing as the maximum of the supposed wave 1, worked as a support zone. The value of the euro against the dollar sharply went up, More	GBP/USD. Pound aiming for a significant surge. Like the euro, the pound took advantage of the moment and switched from defense to attack. This was unexpected for sellers, as the growth turned out to be good. It's unlikely that this is the end of it. The situation indicates that the price has significant potential for further growth. This is du More	USD/JPY. Last chance for buyers? The situation on the considered pair started to deviate from the expected path. Making a good deceptive move, first dropping below the minimum, then quickly returning back, the price indicated that it intended to rise. Instead, it continued to fall towards the previously established minimum. Perha More
12 September	EUR/USD. The last chance for the development of the fifth wave of an upward impulse.	GBP/USD. Price continues preparing for the development of the third impulse wave.	USD/JPY. The price started rising.
11 September	EUR/USD. The price will try to start the development of the fifth impulse wave.	GBP/USD. Expectations of resumption of impulsive growth remain.	USD/JPY. Expectations for growth within the forming correction remain.
10 September	EUR/USD. Euro under pressure.	GBP/USD. The situation is developing according to the planned plan.	USD/JPY. Expectations of a correctional increase remain.
09 September	EUR/USD. An attempt to form the fifth wave of an upward impulse.	GBP/USD. Pound prepares a strong breakthrough.	USD/JPY. The price starts growing inside the forming correction.

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Elliott waves analysis

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