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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
16
October

Wave Analysis During the previous trading day, Euro continued significantly to the lowerside and is still showing signs of continuing to the lowerside. While we continue to see sustenance below the supportive trendline, we expect nothing but a possible momentum to the lowerside. The anticipated bea

Wave Analysis After bouncing off from near 50.0% fib level, the British pound continued to the lowerside and is still pretty much bearish both on the daily and on the daily chart. As long as the price remains below 50.0% fib level, we expect nothing but a possible momentum to the lowerside. The an

Wave Analysis After bouncing off from the upper trendline, the US Dollar moved massively to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below the upper trendline, we expect nothing but a possible momentum to the lower. The

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October
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October
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October
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October
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