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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
10
September

Wave Analysis During the previous trading day, nothing much happened on this pair, we expected a possible rally to the lowerside, however, the price failed to continue any lower. As it is right now on chart attached, we expect a possible continuation of the corrective wave (b) to the lowerside but

Wave Analysis Currently, The British pound is within an widening wedge formation. Following the rebound from the lower trendline, the British pound continued to the upperside but is currently approaching a key resistance zone 1.40069-1.39012. If the price breaks above this zone, then further momen

Wave Analysis: Currently the US Dollar is within a range, not going above the upper trendline or below the lower trendline. If the price breaks below the lower trendline, then further momentum to the lowerside is expected with an ideal target set around 107.550. If the price rebound from the lower

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September
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