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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
22 March	EUR/USD. The price is highly volatile. The market is highly volatile. The price changes direction every day, making significant jumps in either direction. Currently, we are witnessing a powerful downturn, even though the day before, the price was rising confidently. It's difficult to say which of the perpetually conflicting sides will More	GBP/USD. The price is storming We're witnessing erratic price jumps in the GBP/USD pair as well. A strong and confident rise suddenly comes to an end, and the price plunges, setting a new local minimum in an instant. It's entirely possible that the formation of the ascending impulse with the final diagonal triangle in wave [v] More	USD/JPY. The dollar still intends to attempt to update current highs. Despite the recent pullback, the dollar is still determined to challenge the important highs. The earlier retracement may just be a precursor to breaking through this resistance level. In that case, the previously considered scenario of the continuation of wave 5 of v in the final diagonal triangl More
21 March	EUR/USD. The development of the fifth wave of the diagonal triangle has started.	GBP/USD. The rise in the fifth wave of the diagonal triangle has begun.	USD/JPY. The intrigue has revived.
20 March	EUR/USD. Growth in the final wave of the diagonal triangle.	GBP/USD. Expected rise in the final wave of the diagonal triangle.	USD/JPY. The yen gives in.
19 March	EUR/USD. The situation for the euro is deteriorating.	GBP/USD. The price remains within the expected scenario.	USD/JPY. No changes occurred over the past day.
18 March	EUR/USD. The price attempts to resume its upward movement.	GBP/USD. The corrective decline is not yet complete.	USD/JPY. The current rise may soon come to an end.

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Elliott waves analysis

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