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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 September	EUR/USD. Correction in the final diagonal triangle. The price began to be thrown around and tossed from side to side. At the same time, everything seems to be within the framework of the assumed scenario. The sudden decline after a slight update of the local maximum is likely due to the development of the corrective wave 4 in the forming final diag More	GBP/USD. Corrective decline. The situation on the considered pair is also developing within the expected framework. The price, which is in an uptrend, did not encounter another attempt by sellers to exert pressure on it. And this attempt is proving successful so far, the price has moved down. However, this decline is seen as More	USD/JPY. Growth in the corrective wave structure. As expected, the stop in the uptrend was of a corrective nature. Currently, there is an observation of the price actively growing again, having already managed to update the local maximum. During the day, the US dollar relative to the yen is likely to rise even higher, and this movement will be im More
25 September	EUR/USD. Buyers are trying to cling to the option of a final diagonal triangle in wave 5.	GBP/USD. The price continues to form the third impulse wave.	USD/JPY. The price will continue to try to rise within the forming correction.
24 September	EUR/USD. The price may be forming the final diagonal triangle in wave 5.	GBP/USD. Correctional pause before further growth.	USD/JPY. The price is ready to continue growing.
23 September	EUR/USD. The situation remains favorable for purchases.	GBP/USD. Impulsive growth may continue after a small correction.	USD/JPY. The price continues to form a correction.

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Elliott waves analysis

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