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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
03 May	EUR/USD. Impulsive growth with extension in the third wave. The battle for initiative continued during the last trading session. The dollar attempted a stealthy strike, initially driving the exchange rate to a local minimum. However, it failed to break through the critical level. Buyers quickly realized the situation and pushed the price in the direction f More	GBP/USD. The pound is poised for an impulsive movement. The situation with the considered pair unfolded similarly to EUR/USD during the last trading day. There was pressure from the dollar, leading to a decline to a local minimum, followed by a rebound and return to the local maximum. It is likely that the price will continue to rise in the near future More	USD/JPY. Reversal has occurred. The fierce battle between the dollar and the yen, accompanied by sharply increased volatility, is gradually coming to an end. The Japanese currency is taking the initiative, beginning a bearish phase. It is likely that the formation of the terminal diagonal triangle is complete. Along with it, the More
02 May	EUR/USD. The euro quickly managed to get back into the game.	GBP/USD. Impulsive growth resumes.	USD/JPY. The price is experiencing significant turbulence.
01 May	EUR/USD. The Upward Movement is Postponed for Some Time.	GBP/USD. The price is forming a correction.	USD/JPY. The dollar just won't settle down.
30 April	EUR/USD. Expected Growth in the Fifth Wave of the Initial Diagonal Triangle.	GBP/USD. Minor Price Fluctuations Expected.	USD/JPY. The Situation Remains Favorable for Selling.
29 April	EUR/USD. The Final Part of the Initial Diagonal Triangle.	GBP/USD. Buyers are in Control.	USD/JPY. Possible Trend Reversal.

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Elliott waves analysis

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