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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
September

Wave Analysis Yesterday, EURUSD rallied to the upperside and is now able to breakout above the upper trendline. As long as the price remains below the upper trendline, we are waiting for a clear rebound from the upper trendline to pick a low risk sell position with an ultimate target around 1.1719

Wave Analysis During the previous trading day, The British pound continued to the upperside and is still very much bearish both on the daily and on the weekly charts. Despite the previous week's massive rally to the lowerside, we are no seeing a correction to the upperside. The maximum the price s

Wave Analysis USDJPY is currently in an active down trend. As long as the price is held below the three moving averages attached, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lowerside and shoul

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