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
05 July	EUR/USD. The rise will soon be followed by a pullback. The past trading day was once again successful for euro supporters. The price increased and managed to update the local high. However, this may be the end for now. There is still a small potential for further growth. Currently, it is assumed that the upward impulse is coming to an end, meaning wav More	GBP/USD. The price is preparing to update the highs. The situation with this pair is developing positively for buyers. The price has increased and is targeting an update of the current highs. This is supported by the fact that the movement is currently in wave [iii], which has just begun its development. If this assumption is correct, the price will More	USD/JPY. A small correction before further growth. In this pair, we unexpectedly saw a slight decline. So far, it looks like a corrective pullback within the forming upward impulsive movement. The price may decrease a bit more before another buying wave brings it back to the previously established highs. It is assumed that this will complete the d More
04 July	EUR/USD. Buyers are trying to seize the initiative.	GBP/USD. The development of the third impulsive wave is expected.	USD/JPY. The price might enter a slight correction.
03 July	EUR/USD. The situation remains unclear.	GBP/USD. The correction in the form of a zigzag continues to develop.	USD/JPY. The initiative remains with the buyers.
02 July	EUR/USD. Another attempt by the euro to rise.	GBP/USD. The direction has changed again.	USD/JPY. The dollar will continue to appreciate against the yen.
01 July	EUR/USD. Issues with directional movement again.	GBP/USD. The beginning of the development of the third impulsive wave.	USD/JPY. The price will continue to rise.

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: