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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
31
October

As expected, buyers moved to decisive action, and their attempt to grow yielded some positive results. The euro exchange rate against the dollar did indeed rise, but based on the current situation and the evolving wave pattern, this is still insufficient. Most likely, this is only the beginning of

While the euro is persistently trying to improve its position and grow as much as possible, the pound is experiencing certain difficulties even starting to move. The attempt made during yesterday's trading session to start rising was unsuccessful. Sellers quickly extinguished the nascent upward mo

The unreached target at the 61.8% Fibonacci level continues to trouble buyers. They seem determined to get there first, and only then hand over the initiative to their opponents. The likelihood of such a scenario seems quite high. The price will jump up sharply, quickly reaching the indicated leve

30
October
29
October
28
October
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