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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
23
April

As anticipated, the situation has begun to stabilize. Activity from both sides has decreased, and the price is increasingly consolidating within a specific range. This pattern likely indicates the formation of a correction, which serves as the fourth wave in the downward impulse. It appears to be

During the recent trading session, the pound, under pressure from the dollar, experienced another decline, establishing a new local minimum. It appears highly likely that this was the final downward movement, during which an impulse formed, also representing wave [c] in the emerging bearish zigzag

Another trading day for the USD/JPY pair passed in a calm atmosphere. The dollar failed to continue its triumphant march to new highs, leaving the exchange rate near the previously established local minimum. It's possible that further upward movement has been postponed for an indefinite period, bu

22
April
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