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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
20
August

Wave Analysis: After the break below the significant level seen last week, we're yet to see any clear intense moves to the lowerside, as it is right now, we are looking for a possible long term sell position. The anticipated bearish price rally is the continuation of an impulsive wave count and sh

Wave Analysis: The British pound is yet to continue upwards as we indicated previously, as it is right now, we expect nothing but a possible momentum to the uppers ide but should not go beyond 1.44913 and may extend much higher. If you are on this chart right now, keep looking for long term buy pos

Wave Analysis: We continue to see suatiance above the upper trendline. On this chart, buyers are in complete control, the idea is to wait for price to pullback to the same trendline to pick a possible long term buy position towards 114.254 and may extend much higher towards 117.531 and may extend m

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August
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