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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.

Elliott waves analysis

2024 EURUSD GBPUSD USDJPY
15
March

Buyers failed to capitalize on the opportunity provided, and the initiative was instantly lost. The price collapsed, offering no chance for the scenario of upward impulsive movement to materialize. The only bullish model and correction of the situation for buyers could be the development of a diag

The pressure from the US dollar proved too much for the British pound to withstand. Instead of the expected rise, the price moved in the opposite direction. Now, the situation, similar to the euro, appears to be forming wave [v] as a terminating diagonal triangle. In the near future, we might witn

The expected decline in the pair has not materialized yet. The price continued to rise, but the movement lacks conviction, resembling more of a correction. Most likely, that's exactly what it is. Therefore, the development of the next downward wave may start soon. This could happen from current le

13
March
12
March
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March
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