Main

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.

Subscribe to our RSS
Elliott waves analysis feed

Start
trading

OPEN
DEMO ACCOUNT

Elliott waves analysis

2024	EURUSD	GBPUSD	USDJPY
02 August	EUR/USD. The Market Continues to Develop a Correction. Buyers have encountered difficulties in resuming the upward impulsive movement. Their hesitation was exploited by their counterparts, leading to another step down on the descending path. This price movement aligns well with the expected development of the correction, likely taking the form of a do More	GBP/USD. The Price Remains Under Seller Pressure. Concerns that the correction was not yet complete have been fully justified. The price, failing to start an upward movement, plummeted sharply. Now, the wave pattern looks more like a reasonable correction. Buyers now need to manage to pull out of this steep decline; otherwise, serious problems co More	USD/JPY. The Bearish Impulse Continues. No significant changes occurred during the last trading day. Following a fairly active decline, the market entered a relative lull, likely due to the development of corrective wave 4. If this is indeed the case, we may soon see an attempt to rise, which will likely fail. The price will then resume More
01 August	EUR/USD. Expectations for the Development of the Third Wave of the Upward Impulse Remain.	GBP/USD. Uncertainty in the Current Situation Remains.	USD/JPY. The Impulsive Decline is Coming to an End.
31 July	EUR/USD. Start of the Next Upward Phase.	GBP/USD. Beginning of the Third Impulse Wave Formation.	USD/JPY. Decline in the Fifth Wave of the Downward Impulse.
30 July	EUR/USD. The Correction is Becoming More Complex.	GBP/USD. The Price Will Continue Forming the Corrective Wave.	USD/JPY. Correction in the Fourth Wave Continues.
29 July	EUR/USD. Expectations for the Development of the Third Impulsive Wave Remain.	GBP/USD. Possible Impulsive Growth in the Third Wave.	USD/JPY. The Development of Corrective Wave 4 Continues.

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company's services and information on the site are not intended for citizens and residents of some countries, such as Belgium, China, North Korea, France, Hong Kong, Russian Federation, Spain, Great Britain, USA, and also countries identified by the FATF as high-risk countries or countries with serious AML/CFT deficiencies; countries or regions that are under international sanctions. A complete list is available on the "Countries where the company's services are not provided" page. The Company does not have representative offices in the Russian Federation and does not register clients from the Russian Federation.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.

© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.

Riston Capital Ltd (20623 BC 2012) with registered address at Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines.

Elliott waves analysis

Our best awards: