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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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February

Wave Analysis For the past two days, nothing much appears to be happening on this chart. As long as the price remains below the zone 1.21765-1.21561, we are looking for long term sell positions. However, if the price breaks and closes above the same zone, then this will be a good place to consider

Wave Analysis Yesterday, the British pulled back to the lowerside but is still above the Alligator indicator attached. As it is now, we are looking for long term buy position, that the current bearish price rally is the unfolding of a corrective wave count but should not go beyond the Green Alligat

Wave Analysis After a drastic decline seen Earlier this week, the US Dollar appears to be gaining momentum to he upperside. On this chart, we're still jittery to pick any position as it is now, but is the price can rebound from the lower blue line, then this will be a good place to consider a possi

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