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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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January

Wave Analysis Yesterday, Euro attempted a breakout below the zone 1.21585-1.21426. As long as the price remains above this zone, we are looking for more momentum to he upperside. The anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside and should breakout a

Wave Analysis Yesterday, the British pound attempted a breakout above the swing high 1.36690. As long as the price continues to show sustenance above this level, we expect nothing but a possible momentum to the upperside. If you are on this chart now, keep looking for more momentum to the upperside

Wave Analysis Yesterday, the Us dollar closed as a possible bearish indecision candle during the previous trading day. While we continue to see price below the previous day's lowest low, we expect nothing but a possible momentum to the lowerside and should break and close below 102.594. If you are

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