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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
04
December

Wave Analysis Earlier this month, Euro rallied sharply to the upperside and even closed above the level 1.19334. While we continue to see sustenance above 1.19334, we are looking for possible long term buy position towards 1.234 and may breakout much higher towards 1.23545. What may happen on this

Wave Analysis The British pound is currently in an active up trend. As long as the price remains above the Alligator indicator attached, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside an

Wave Analysis The Us dollar is currently approaching a daily support level 103.689. As long as the price is not able to close below this level, we expecting a possible rally to the upperside but should not go beyond the upper trendline. The idea is not to buy this pair, rather, I want to see a reb

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December
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