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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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2024 EURUSD GBPUSD USDJPY
01
March

The market has decided to play games, drawing what seemed to be obvious movements and then abruptly reversing course and moving in the opposite direction. These erratic movements seem to have no impact on the overall wave pattern. It all appears to boil down to shaking out the excess from the impe

The pound did not attempt to recover against the euro and instead of confidently rising, it sharply relinquished its positions, allowing the price to renew its local minimum. As a result, the wave pattern in the presumed wave [v] is starting to resemble not an impulse but a zigzag. And if buyers d

There was also a burst of activity against the US dollar in the considered pair. The price broke the designated level, which was a signal for selling positions, but it failed to hold below. The price quickly returned above this level and continued to rise actively. Uncertainty persists. The price

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February
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