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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
12 April	EUR/USD. Corrective Rebound. However, it's noticeable that the euro is beginning to resist. The price occasionally rises before falling again. Currently, there's another attempt to recover lost positions, and this time it might be successful. The swift decline seems very much like a fully formed impulse. If that's the case, t More	GBP/USD. Correctional Growth Expected. For the GBP/USD pair, there hasn't been anything extraordinary happening recently. After dropping below the local minimum, the price found support and is now attempting to rebound from it and rise. It seems that upward movement will occur, but it will likely be of a corrective nature. Expecting a More	USD/JPY. Continued Growth Expected. After finally surpassing the resistance level, the price is beginning to consolidate at new levels. This may take some time, so expecting directional movement in the near term might not be advisable. However, overall, the situation remains favorable for entering buy positions on pullbacks. This is More
11 April	EUR/USD. Calm after powerful activity.	GBP/USD. The calm after the storm.	USD/JPY. The long-awaited breakthrough has occurred.
10 April	EUR/USD. The beginning of a decline in the third impulse wave may be possible.	GBP/USD. The beginning of an impulsive decline may be possible.	USD/JPY. No changes.
09 April	EUR/USD. The rise within the zigzag is likely to continue.	GBP/USD. Completing the formation of wave [b] growth.	USD/JPY. The previously considered scenario remains relevant.
08 April	EUR/USD. Growth is expected in the forming zigzag.	GBP/USD. The pound has a good opportunity for strengthening.	USD/JPY. Expectations for a breakout of the resistance level persist.

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Elliott waves analysis

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