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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
23
July

Wave Analysis Euro continues to rally to the lowerside perfectly as previously forecasted. While the price is held below the upper trendline and within the falling wedge formation, we are looking for a possible long term sell position towards the lower trendline. If the price breaks below this

Wave Analysis Instead of continuing to the upperside, we are yet to see any clear moves to the upperside, the British pound is still rallying within a range, not going above the upper trendline or below the lower trendline, as it is now, we are buyers towards the upper trendline, a breakout ab

Wave Analysis Yesterday, we expected a possible rebound from the upper trendline to sell the last impulsive wave cycle. However, we are yet to see any clear rebound signs from the upper trendline, as it is right now, we are expecting a possible breakout above the upper trendline to pick a pos

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