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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
11 July	EUR/USD. The final push in the third wave of the upward impulse. There were no significant changes during the last trading day. The price continues to rise cautiously, hesitating to make an attempt to update the current price high. This may happen during today's session. This could be the final push in the anticipated wave 3 of the forming upward impulse. If th More	GBP/USD. The price is preparing for a significant breakthrough. During the previous trading day, a deeper corrective pullback was expected. However, the buyers had a different perspective. Their sharply increased activity led to a price rise, updating the previously established local maximum and bringing it close to the highest point in June. It's likely that More	USD/JPY. The price is choosing a path for further growth. The price continues to experience calm trading days, with smooth movements and no wild swings or drops. Buyers are still confidently controlling the situation, keeping the price close to the previously established high. At the moment, it is likely that the development of wave 3 of (5) of the upwar More
10 July	EUR/USD. The price may start rising again.	GBP/USD. The price is preparing a launchpad for takeoff.	USD/JPY. The situation remains under the control of buyers.
09 July	EUR/USD. The price remains within the development of a corrective structure.	GBP/USD. The pound has started to feel the pressure from sellers.	USD/JPY. The situation remains unchanged.
08 July	EUR/USD. The price is choosing a direction.	GBP/USD. A corrective pullback is expected.	USD/JPY. The price remains under pressure but with a good growth outlook.

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Elliott waves analysis

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