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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

2015 EURUSD GBPUSD USDJPY
14
August

Technical View: The pair is expected to trade with a bearish bias. The pair has remained below its previous broken support and is expected to trade further low as long as it remains below the level 1.11551. Further movements below the support 1.11113 will signal further movement below with a support

Technical View: GBP/USD is trading with a bullish bias. The pair remains on the upper side of its previous day's key level 1.56037. As long as the pair keeps above this level, long positions are recommended with the first stop at 1.56340 and a second stop at 1.56494. Besides, the technical indicator

Technical View: USD/JPY is expected to continue trading with a bearish bias. The pair maintains a downward trend on an intraday basis being resisted by its previous day's key level 124.60. The pair tested the key level yesterday, before continuing down with the first stop at 124.27, and the second s

13
August
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