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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
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February

Wave Analysis During the previous trading day, Euro continued to the lower side and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below the previous day's highest high, we recommend looking for long term sell order. The anticipated bearish pr

Wave Analysis Despite the previous day's forecast that this pair could continue to the lower side, the cable continues to pullback to the upper side but is still below the level 1.28950. As long as the price remains below the level 1.28950, we expect nothing but a possible momentum to the lower si

Wave Analysis During the previous trading day, the impulsive wave (iii) continued to the upper side and is still pretty much bullish. We expect the bounce from 112.174 to have marked an end to the impulsive wave (iii), that the current bearish price rally is the continuation of a corrective wave (

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