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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
28 June	EUR/USD. The Price is Choosing a Direction. Buyers are facing difficulties. Another attempt to start rising ended in failure, and the price returned to the starting point. Overall, the pair is trading within a converging triangle, currently considered as an ending diagonal triangle in wave c of a simple zigzag. However, if the euro cannot s More	GBP/USD. The Correction Continues. For the pair in question, it appears that the development of corrective wave b, taking the form of a converging horizontal triangle, is ongoing. In the near term, a slight rise towards the upper boundary of this triangle is possible, after which wave b can be considered complete. Following this, t More	USD/JPY. The Yen Fails to Hold Back the Dollar. The dollar is strengthening its push, and the Japanese yen is gradually losing its ability to restrain it. As a result, the price is slowly accelerating and gaining height. Eventually, the dollar might surge sharply, setting new highs with each move. In this scenario, the idea of a terminal diagon More
27 June	EUR/USD. Another Chance for Buyers.	GBP/USD. The Correction Continues.	USD/JPY. Awaiting a Reversal.
26 June	EUR/USD. Euro Will Attempt Another Rise.	GBP/USD. Development of the Third Wave of the Upward Impulse is Expected.	USD/JPY. No Signs of a Reversal Yet.
25 June	EUR/USD. The Price Might Rise Further.	GBP/USD. The Situation Remains Uncertain.	USD/JPY. Potential Development of Impulsive Downward Movement.
24 June	EUR/USD. The Chances for an Upward Impulsive Movement Remain.	GBP/USD. The Corrective Decline Will Soon Be Completed.	USD/JPY. Target for Upward Movement Reached, Awaiting Reversal.

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Elliott waves analysis

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