Main

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.

Subscribe to our RSS
Elliott waves analysis feed

Start
trading

OPEN
DEMO ACCOUNT

Elliott waves analysis

2024	EURUSD	GBPUSD	USDJPY
29 March	The EUR/USD situation has dramatically changed in favor of the dollar. The price still dropped below the previously identified critical level, which was a signal to revise the scenario under consideration. Apparently, in the near future, the dollar will continue its pressure and the price will continue to move down. This is due to the development of a large zigzag, More	The GBP/USD pair has seen the dollar maintain control of the situation. In contrast to the EUR/USD scenario, no significant changes have occurred in the pair under consideration. The pound has decreased slightly under the pressure of the dollar, but it has not allowed to update the local minimum. It then quickly returned to the starting point of this decline. Most More	The USD/JPY pair still expects growth in the fifth wave of the diagonal triangle. During the past trading day, nothing interesting or significant happened in the pair. The price continued to stand confidently below the resistance level without making any attempts to overcome it. For this reason, the previously considered scenario remains relevant. Growth is expected within th More
28 March	EUR/USD: Growth expectations remain.	GBP/USD: Correctional growth.	USD/JPY: Expectations of breaking the resistance level remain.
27 March	EUR/USD. Latest opportunity for the euro.	GBP/USD. Pound in an attempt to grow within correction.	USD/JPY. Buyers are ready for decisive actions.
26 March	EUR/USD price is trying to form the fifth wave of a diagonal triangle.	GBP/USD: correctional pound strengthening.	USD/JPY: the dollar continues to prepare for a maximum update attempt.
25 March	EUR/USD. The dollar continues to exert pressure on the euro.	GBP/USD. A zigzag correction may be forming.	USD/JPY. The dollar is preparing for a decisive breakthrough of the maximum.

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company's services and information on the site are not intended for citizens and residents of some countries, such as Belgium, China, North Korea, France, Hong Kong, Russian Federation, Spain, Great Britain, USA, and also countries identified by the FATF as high-risk countries or countries with serious AML/CFT deficiencies; countries or regions that are under international sanctions. A complete list is available on the "Countries where the company's services are not provided" page. The Company does not have representative offices in the Russian Federation and does not register clients from the Russian Federation.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.

© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.

Elliott waves analysis

Our best awards: