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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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2020 EURUSD GBPUSD USDJPY
18
December

Wave Analysis Euro is currently in a contracting wedge formation. While the price remains within the range not going below the upper trendline and above the upper trendline, we are only interested, we are waiting for a buy from the lower trendline and a sell from the upper trendline. A breakout abo

Wave Analysis During the previous trading day, the British pound continued to the upperside but could not go beyond the upper trendline. On this chart, we are basically waiting for a bounce from the upper trendline should not breakout any higher. As it is now, we expect the current bearish price ra

Wave Analysis Yesterday, the US dollar closed below 103.691 and is still pretty much below this line. As long as the price is held below this level, we expect the current move to the upperside to be a corrective wave count but should not go beyond 103.691. If the price breaks and closes above this

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December
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