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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
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Wave Analysis We continue to see persistence below the zone 1.19334-1.18875. If you are looking at this chart now, keep looking for long term sell positions. And in case the price breaks and closes above 1.19334, then this would mean we are continuing upwards with the next ideal target set around 1

Wave Analysis After a rally to the lowerside during the previous trading day, the British pound continues to move much lower. On this chart, we are looking for long term sell positions. Basically, we are expecting price to continue to the lowerside towards the lower trendline and may likely break b

Wave Analysis During the previous trading, instead of continuing to the lowerside, the us dollar pulled back upwards created a new high but ended up closing below its opening price. To an extend, this pair is bearish. However, we want to first see a breakout below the lower trendline to pick a poss

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