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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
16 August	EUR/USD. Is the Price Forming a Diagonal Triangle? The euro failed to reach the previously set targets. Instead, the rate plummeted, significantly altering the wave pattern, which no longer fits the previously considered wave scenario. There is a need to reassess it. One possible scenario is the formation of a diagonal triangle, which could either More	GBP/USD. The Pound is Struggling to Realize a Bullish Scenario Unlike the euro, the pound is holding its ground, occasionally pushing back, maintaining buyers' chances of realizing a bullish impulsive scenario. The situation has not undergone any significant changes, and it is quite possible that wave 3 of an upward impulsive movement is currently forming. If More	USD/JPY. Expected Growth within Correction After the significant upheavals caused by the sharp strengthening of the Japanese currency, the dollar is gradually stabilizing and attempting to regain lost ground. For now, this seems more like a correction, and it is quite likely to be just that. Before resuming the downward movement, the price More
14 August	EUR/USD. Euro's Uptrend Likely to Continue.	GBP/USD. The Situation Remains Unclear.	USD/JPY. Expectations of Decline in the Fifth Impulse Wave Remain.
13 August	EUR/USD. The Price Remains Positive.	GBP/USD. Growth May Be Canceled.	USD/JPY. Expectations of Impulsive Decline Remain.
12 August	EUR/USD. Beginning of the Third Wave of Upward Impulse.	GBP/USD. Pound Attempts to Rise.	USD/JPY. Expected Impulse Decline.

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Elliott waves analysis

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