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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
01
July

Wave Analysis: The Euro is currently trading in a contracting wedge formation, previously the price bounced back to the lower trendline at the corrective wave cycle four, and the price is currently rallying around the lower trendline. I expect a bullish momentum towards the upper trendline around 1

Wave Analysis: The price has been trading within the upper and the lower trendline for a while, recently the price bounced off from the upper trendline at the impulsive wave cycle three towards the lower side at the corrective wave cycle four. Right now the price is on the lower trendline I expect

Wave Analysis: During the previous trading days, the price rallied from the upper trendline at the corrective wave cycle three towards the lower trendline at the impulsive wave cycle four. As at now the price is on the lower trendline, I expect a bullish momentum from 135.11 towards 136.70 in conti

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June
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