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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
14 June	EUR/USD: Situation Remains Under Dollar's Control. Expectations were fully met. After a solid recovery attempt, the euro failed to hold onto its gains, allowing sellers to return the price to the starting point of the recent upward movement. However, the buyers' troubles seem far from over. The price still has some potential to decline further. Be More	GBP/USD: Continuation of Correction. The current situation for this pair continues to unfold within the previously proposed wave scenario. The formation of the ascending impulse is likely complete, which explains the current price decline. The market is now in a corrective phase, probably taking the form of a simple zigzag. The first More	USD/JPY: Ending Diagonal Triangle Continues to Form. The price continues to drag out the formation of the final wave in the ending diagonal triangle. Although it seems that the upper boundary of the channel is within reach, the price has not been able to get there throughout the current trading week. It might happen today, which means the next tradi More
13 June	EUR/USD: Resumption of Decline in the Corrective Pattern.	GBP/USD: Price Expected to Decline.	USD/JPY: Price Continues to Form the Final Wave of the Ending Diagonal Triangle.
12 June	EUR/USD: Growth within the Forming Correction.	GBP/USD: Low Activity Continues.	USD/JPY: Current Wave Scenario Remains Relevant.
11 June	EUR/USD: Price Entering a Sideways Movement.	GBP/USD: The Correction Continues.	USD/JPY: Awaiting Completion of the Ending Diagonal Triangle.
10 June	EUR/USD: Correction Phase.	GBP/USD: Dollar Attacks.	USD/JPY: Ending Diagonal Triangle in the Fifth Wave.

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Elliott waves analysis

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