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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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Wave Analysis Euro is yet to make any significant move to the lowerside after the rebound from the upper trendline. As it is now, we are looking for a possible long term sell position. And as we said during the previous, the anticipated bearish price rally is the continuation of the last impulsive

Wave Analysis The British pound is still within a range, not going above the upper trendline or below the lower trendline. If the price bounces off from the upper trendline, then this will be a good place to consider a possible long term sell position. If the price breaks above the same trendline t

Wave Analysis The Us dollar us currently rallying around a significant supportive trendline. This is a very good level and while the price does not clear not clearly break and close below it, this is a good place to consider a possible long term buy position. The anticipated bullish price rally is

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