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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
19 April	EUR/USD. The Growth Turned Out to Be False. The happiness of buyers was short-lived. The rise turned out to be a correction with insignificant progress. Now we are witnessing how all the efforts of buyers are crumbling. The price has come close to the previously established minimum with a clear intention to update it. Apparently, we are not More	GBP/USD. The Current Situation May Still Be Part of a Correction. Like the euro, the pound failed to continue rising and began to decline under the pressure of the dollar, ultimately falling below the previously established local minimum. The current situation allows us to consider this movement within the framework of the previously considered correction in the More	USD/JPY. The Price Will Continue to Rise. The bullish trend remains intact. The price continues to work on developing the final wave 5 of v, representing an upward impulsive movement. There is a high probability that buyers are aiming to reach the target represented by the upper boundary of the presumed final diagonal triangle. Considerin More
18 April	EUR/USD. The Euro Intends to Take the Lead Once and for All.	GBP/USD. Expectations of Impulsive Growth Remain.	USD/JPY. Everything is Going According to Plan.
17 April	EUR/USD. The Euro Attempts to Recover.	GBP/USD. The Pound Attempts to Regain Lost Ground.	USD/JPY. The Upward Movement Will Soon Conclude.
16 April	EUR/USD. Uncertainty Persists.	GBP/USD. Zigzag Formation Nearing Completion.	USD/JPY. The Target is Almost Reached.
15 April	EUR/USD. Crossroads for the Euro.	GBP/USD. Price in the Last Stage of Bearish Zigzag Development.	USD/JPY. Dollar to Continue Rising. Unlike the European currencies, which have been significantly turbulent and swiftly losing their positions, the yen has not been subjected to this panic. Meanwhile, the dollar has been rising against it as well. The sc

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Elliott waves analysis

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