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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
15
May

Wave Analysis During the previous trading day, Euro bounced off from the supportive trend line, headed to the upper side and is still pretty much bullish both on the daily and on the weekly Charts, while the price is held above the supportive trend line, we expect nothing but a possible momentum t

Wave Analysis During the previous trading day, the corrective wave (iv) continued to the upper side but could not go above 1.22345. We expect this bounce to be the end of the corrective wave (iv) that the current bearish price price rally is the continuation of both impulsive waves (v) and [c] and

Wave Analysis Few day's ago the us Dollar bounced off from the upper trendline, headed to the lowerside and is still pretty much bearish on the daily chart, we are waiting for a clear bounce from the upper trendline to sell the last impulsive wave (E) to the lowerside and should break below 105.61

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