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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
03
April

Wave Analysis Yesterday, Euro continued to the lower side perfectly as previously forecasted and is still pretty much bearish both on the daily and on the weekly charts, we expect a possible continuation of the impulsive wave (c) to the lower side and should break below 1.07765 towards 1.06 or eve

Wave Analysis The British pound continues to consolidate with a range, not going above 1.24905 or below 1.23178. While the price is held within this range we are only interested in trading reversals a bounce from 1.24905 will attract a sell while a bounce from 1.23178 will attract a buy. A sustain

Wave Analysis Instead of continuing to the lower side, the Us Dollar bounced off from the level 107.300 and is currently heading to the upper side, we expect yesterday's bounce from 107.300 to have marked and end to the corrective wave (b), that the current move to the upper side is the continuati

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