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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
01
November

Overall, the situation with the pair under review did not undergo any significant changes over the past day. The euro has been persistently trying to grow and is gradually climbing higher and higher. Occasionally slipping, but managing to rectify its mistake in time, the price moves upwards, proba

Judging by how events developed for the pair under review during the past trading day, it can be concluded that there has been a desynchronization between the euro and the pound. While the euro is doing everything it can to grow and succeeding, the pound gives way sharply, allowing the price to up

The price ultimately failed to reach the previously designated target of 61.8% on the Fibonacci grid. Intensified selling pushed the price down, and this recent decline could mark the beginning of a prolonged downward impulsive movement. This is because earlier, a large correction, likely in the f

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October
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October
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October
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October
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