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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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2021 EURUSD GBPUSD USDJPY
22
October

Wave Analysis During the previous trading month, we had a massive surge to the lowerside and even ended up below 1.1778. As long as the price remains below this level, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally will be the continuation of a corre

Wave Analysis The British pound continues to consolidated above the upper trendline and is not showing any signs of breaking below it. While we continue to see sustenance above this trendline, we expect nothing but a possible momentum to the upperside and should head straight towards 1.7184 and may

Wave Analysis During the previous trading day, the US Dollar corrected itself to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. The anticipated bearish price rally is the continuation of the corrective wave (4) to the lowerside but should not go beyond 11

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October
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