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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
09
July

Wave Analysis After an attempt to break below the daily low 1.18070, euro pulled back to the upperside but is still being contained below the Black Alligator line, as it is right now, we are looking for long term sell positions. The anticipated bearish price rally is the continuation of the last i

Wave Analysis Currently, the British pound is within a contracting wedge formation. As long as the price remains below the Alligator black line, we expect nothing but a possible rally towards the daily low 1.37313, if the price breaks below this level, then further rally to the lowerside is expect

Wave Analysis The US Dollar is still rallying within the daily high 111.658, and the daily low 109.714, on 8th of this month, The Us Dollar attempted a breakout below the daily low but failed to close below it, while the price remains above this level, we are looking for further momentum to the up

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