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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

10 - 14
April
weekly
forecast
10 - 14
April

SPX500 Weekly Review The SP500 has been bullish since last week, but is currently in a corrective phase known as the ABC corrective pattern. The price is expected to drop slightly, possibly down to 4161.6, before rebounding back up to 4590.9. It's worth noting that there is a major resistance zon

2023 EURUSD GBPUSD USDJPY
14
April

Since the beginning of this week (10/4/2023), EURUSD has been very bullish. Based on the chart above, it can be observed that the market has been moving in an impulse and correction pattern, starting from the major wave (IV) 1.0836. Currently, the market has formed a symmetrical triangle pattern at

GBPUSD has been bullish since the beginning of this week. Currently, the market is forming the "V" major impulsive wave pattern. However, starting from the major impulsive wave (I) at 1.2187, the market has been moving in an ascending channel, which is a bearish reversal pattern. Addition

USDJPY is currently very bearish, having formed a complete major (V) pattern. Looking at the chart above, it can be observed that from major wave (V) at 134.02, the market is now forming another inner minor V-wave pattern, which is considered a corrective phase. The price is currently moving in an

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April
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