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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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2024 EURUSD GBPUSD USDJPY
26
April

It seems that the euro is not willing to retreat further. Having managed to hold its ground and break through to the zone canceling the impulsive structure, the price is attempting to rise. It's likely that the previous decline took the form of a simple zigzag with an initial diagonal triangle as

The trading pair is moving according to the previously considered scenario. The British currency has risen against the dollar, likely forming an initial upward impulse. In this case, we might see a corrective movement in the opposite direction in the near future. The expected trajectory of the pri

As expected, the price continues its upward movement. The dollar confidently controls the situation, strengthening against the Japanese currency. However, this cannot continue indefinitely, and moreover, the current wave is presumed to be the final one in the forming ending diagonal triangle. Neve

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