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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

2023	EURUSD	GBPUSD	USDJPY
15 December	EUR/USD. The Euro continues to rise and shows no signs of stopping. The swift strengthening of the Euro against the Dollar has brought the price to a previously established maximum. It is likely that a breakout and a new high will occur in the near future. The previously considered analysis is deemed inaccurate due to this, prompting the exploration of an alternat More	GBP/USD. The price is poised for further growth. Unlike the Euro, the Pound has already managed to surpass its local maximum. This development indicates the inaccuracy of the previously considered analysis, necessitating a reassessment. One of the possible scenarios could be an upward movement within a double zigzag as part of a connecting wave More	USD/JPY. A good corrective rise is expected. The situation with the considered pair is currently unfolding within the previously proposed wave scenario, where a decline is anticipated within the framework of an initial diagonal triangle. At the moment, the development of wave (i) is likely completed. Subsequently, a significant retracement o More
14 December	EUR/USD. The target has been achieved. We are waiting for new signals.	GBP/USD. The formation of the second wave of an emerging downtrend is nearing completion.	USD/JPY. The price may enter a corrective sideways movement.
13 December	EUR/USD. The price is being drawn into a corrective swamp.	GBP/USD. The development of the corrective wave is set to continue.	USD/JPY. The development of corrective wave 2 continues.
12 December	EUR/USD. Growth in Correctional Wave II.	GBP/USD. The price is poised for growth within a correction.	USD/JPY. The price is undergoing a correction.
11 December	EUR/USD: Another opportunity for corrective growth.	GBP/USD: The evolving situation remains somewhat unclear for trading.	USD/JPY: The price may begin a decline in the fifth wave of the impulse.

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Elliott waves analysis

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