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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.


Support and resistance system should only be used in a higher timeframe chart, like one hour and above. This is necessary because at such a higher time frame, brokers cannot manipulate the price to my disadvantage.

How I draw strong support and Resistance

Before I call a level strong, the same level must met the following conditions.

  1. Must have been used as a support before.
  2. Must have been used as a resistance before.
  3. There must be a big candle that broke through it at one point in the past!

Again, when drawing my support and resistance levels, I use a range, not a single line, this is because price tends to test particular level before retrieving, range caters for these levels.


EURUSD is currently at a minor zone/resistance zone, at 1.0910. The market is currently in a corrective phase, displaying an ABC corrective pattern. This pair has formed an expanding wedge, which is a bearish pattern starting from 1.0666. It is expected that the market will form a double top or any

GBPUSD has been bullish since the beginning of this week. Currently, the market is in a corrective phase, displaying an ABC corrective pattern, as we predicted in our previous analysis from March 31st, 2023. The market will likely remain bullish, at least up to 1.2400. Furthermore, the price is mov

USDJPY is currently very bearish, with the price at a major impulsive wave (IV) of 132.85. The market has been moving in the form of a descending wedge that is expanding from 132.99 to where the market currently stands. Within this expanding wedge, an ascending channel has formed, which is also a b

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