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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
26 April	EUR/USD. Attempting to Form an Initial Diagonal Triangle. It seems that the euro is not willing to retreat further. Having managed to hold its ground and break through to the zone canceling the impulsive structure, the price is attempting to rise. It's likely that the previous decline took the form of a simple zigzag with an initial diagonal triangle as More	GBP/USD. A Small Correction is Expected. The trading pair is moving according to the previously considered scenario. The British currency has risen against the dollar, likely forming an initial upward impulse. In this case, we might see a corrective movement in the opposite direction in the near future. The expected trajectory of the pri More	USD/JPY. Buyers May Begin to Slow Down. As expected, the price continues its upward movement. The dollar confidently controls the situation, strengthening against the Japanese currency. However, this cannot continue indefinitely, and moreover, the current wave is presumed to be the final one in the forming ending diagonal triangle. Neve More
25 April	EUR/USD. Formation of the Fourth Wave of the Downward Impulse Continues.	GBP/USD. Price Prepares for a Bullish Impulse.	USD/JPY. The Price Continues to Rise.
24 April	EUR/USD. The Dollar May Once Again Exert Pressure on the Euro.	GBP/USD. Is the Pound Preparing for an Impulsive Rally?	USD/JPY. The Price Pauses Before Further Advancement.
23 April	EUR/USD. Correction in the Fourth Wave Continues.	GBP/USD. Beginning of an Upside Impulse Development.	USD/JPY. The Situation Remains Unchanged.
22 April	EUR/USD. Formation of Correction Wave 4.	GBP/USD. Zigzag Development Nearing Completion.	USD/JPY. Price Ready to Continue Rising Further.

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Elliott waves analysis

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