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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
27
August

Wave Analysis Despite the previous day's rally to the lowerside, Euro is still pretty much bullish. As it is right now, we expect nothing but a possible momentum to the upperside. We're actually looking for a possible long term buy position towards the level 1.18070 and may extend much higher to

Wave Analysis Just as in Euro, the British pound continued to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the previous day's highest high, we expect nothing but a possible momentum to the upperside, the anticipated

Wave Analysis The Us dollar continues to rally to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As it is right now, we are expecting the price to continue to the upperside especially if the price can break above the previous day's highest high. If this i

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