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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
29
May

Wave Analysis During the previous trading day, both the impulsive waves (5) and (v) continued to the upper side and is still pretty much bullish both on the daily and on the weekly charts. While the Green ADXline remains above the Red line, we expect further momentum to the upper side and should b

Wave Analysis During the previous trading day, the impulsive wave (E) continued to the upperside but could not break above the upper trendline, we are waiting for a bounce from the upper trendline to mark an end to the impulsive wave (E) and the beginning of a correction to the lower side but shou

Wave Analysis The Us Dollar is currently in an active downtrend. While the price is held below the Alligator indicator attached, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (5) to the lower side and shou

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