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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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November

Wave Analysis Euro continues to remain within the range 1.19044-1.16184. While the price is contained within this range, we are only trading reversals, Yesterday, we were eyeing a possible rally towards the lower trendline, instead the price rallied to the upperside and may heading back towards 1.1

Wave Analysis The close of the previous trading day, saw Euro close on the sellers side. On this chart, we are looking for long term sell positions. If you are looking at this chart, keep looking for long term sell positions. The anticipated bearish price rally is the continuation of an impulsive w

Wave Analysis Few days ago, the US Dollar bounced off nicely from the upper trendline and is currently heading to the lowerside as long as the price remains below the upper trendline, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the unfolding of

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