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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

2024 EURUSD GBPUSD USDJPY
29
March

The price still dropped below the previously identified critical level, which was a signal to revise the scenario under consideration. Apparently, in the near future, the dollar will continue its pressure and the price will continue to move down. This is due to the development of a large zigzag,

In contrast to the EUR/USD scenario, no significant changes have occurred in the pair under consideration. The pound has decreased slightly under the pressure of the dollar, but it has not allowed to update the local minimum. It then quickly returned to the starting point of this decline. Most

During the past trading day, nothing interesting or significant happened in the pair. The price continued to stand confidently below the resistance level without making any attempts to overcome it. For this reason, the previously considered scenario remains relevant. Growth is expected within th

28
March
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March
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