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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
20 September	EUR/USD. The price decided not to delay the development of the fifth impulse wave. After the rough halt of the uptrend, the price began to slide down and it seemed that at least the entire situation would go according to the development of some kind of corrective wave structure. However, buyers managed to easily recover from such a blow, quickly returning the cost of the euro to More	GBP/USD. The price decided to continue rising. The situation on the considered pair also did not develop according to the previously considered plan. Instead of further decline within the correction, the price rushed up and managed to update the maximum of the current year. Buyers clearly do not intend to stop here. Most likely, during the cur More	USD/JPY. The price will resume its growth within the forming correction. Looking encouraging growth of the considered pair, abruptly broke off and the price moved down. This is likely due to the formation of an internal corrective structure in the current uptrend wave. For this to be the case, buyers must not allow further declines, otherwise the initiative will comple More
19 September	EUR/USD. The development of the correction in the fifth wave of the upward impulse has begun.	GBP/USD. A correctional reduction is being formed.	USD/JPY. The price will continue to rise.
18 September	EUR/USD. The price is going for a correction.	GBP/USD. A small correction before further growth.	USD/JPY. The growth within the correction will continue.
17 September	EUR/USD. The development of the fifth impulse wave continues.	GBP/USD. Correctional pause before further growth.	USD/JPY. The dollar is trying to rise again.
16 September	EUR/USD. Small buyer activity is expected.	GBP/USD. The price is aiming for a continuation of the uptrend.	USD/JPY. The dollar will try to rise again.

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Elliott waves analysis

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