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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
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July

Wave Analysis Somehow EURUSD is still reluctant to pick momentum to the lowerside as previously expected. If you are looking at this chart as we are speaking right now, we recommend looking for long term sell positions, expecting the price to break below the immediate trendline towarrds 1.1619, if

Wave Analysis Just as we expected yesterday, the British pound rallied to the lowerside and is still very much bearish. If you are looking at this chart as we are speaking, we recomend looking for long term sell positions expecting the price to race towards the lower supportive trendline, if y

Wave analysis Yesterday, instead of continuing to the lowerside as prevviously expexted, the US Dollar rallied to the upperside and may extend much higher. However, we will need to see a clear breakout above the Alligator indicator to pick a possible long term buy position expecting the price

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