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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
18
March

Wave Analysis: During the previous trading days the price rallied to the upper side in a continuation of the impulsive wave count three which is in line with the current uptrend.Th price is now on the upper trendline, we expect it to bounce back towards 1.1000 in continuation of the impulsive wave

Wave Analysis: The Great British Pound is on a downtrend,the price is currently on a corrective wave count four.We expect the price to continue to the lower side towards 1.2905,the anticipated bearish move is a continuation of the impulsive wave cycle five.On the flip side, should the price break a

Wave Analysis: This pair broke above the upper trendline in continuation of the impulsive wave cyle five.From where the price is at currently,we expect a retracement to the upper trendline around 117.70,then a further bullish momentum towards 119.15 and much higher.If you are looking at this pair

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March
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