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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.

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2022 EURUSD GBPUSD USDJPY
08
July

Wave Analysis: This pair is currently on a downtrend, previously the price rallied around the upper trendline but eventually bounced off from the corrective wave cycle four towards the lower trendline in continuation of the impulsive wave cycle five. Right now the price is rallying around the lower

Wave Analysis: During the previous trading days, the price rallied from the corrective wave cycle two towards the upper side at the impulsive wave cycle three. As at now the price is rallying to the lower side, I expect it to go up to 1.1815 at the corrective wave cycle four then rebound towards th

Wave Analysis: The US Dollar is currently trading in a contracting wedge formation, recently the price rebounded to the upper trendline at the impulsive wave cycle three and rallied around but then bounced back to the lower trendline at the corrective wave cycle four. Right now the price is on the

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July
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July
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July
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