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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
13
August

Wave Analysis Since the previous trading day, nothing much has happened on this pair, we are still seeing struggling below the same trendline. As it is right now, we are looking for a possible long term sell positions. The anticipated bearish price rally is the continuation of the last impulsive w

Wave Analysis: According to the weekly chart attached, the British pound is currently in an active up trend. And as long as the indicator shown above is blue, we are looking for long term buy positions expecting the price to beak beyond 1.45 and may extend much higher. This view will only be rende

Wave Analysis During the previous trading day, nothing much happened on this pair, we anticipated a possible breakout above 110.586, unfortunately, the price failed to close above it. As we mentioned in our previous analysis, sellers are sited within 110.586-110.499. If the price breaks and closes

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