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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
16
February

Apparently, the scenario I proposed for the development of events appealed to the Euro, and it is making every effort to realize it. During the last trading day, the exchange rate continued to cautiously rise, approaching the level of breaking the downward trend. Buyers didn't spend all their stre

Once again, the Pound faced strong pressure and managed to withstand the brink of breaking the local minimum. After this successful defensive action, cautious growth is observed. It is quite possible that this is the beginning of the development of the third impulse wave within the larger wave [v]

The Japanese Yen, following the Euro and the Pound, is trying to seize the moment and change the situation in its favor. However, there is no significant progress yet. The price has only slightly declined, ready to sharply rise at any moment. Something significant could happen during the next day

15
February
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