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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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2019 - 2020 EURUSD GBPUSD USDJPY
03
January

Wave Analysis Few days ago, Euro successfully went above 1.1182 and is still pretty much bullish. As long as the price remains above 1.1182, we expect a steep momentum to the upper side and should break above 1.1270. The anticipated bullish price rally is the continuation of the impulsive waves (v)

Wave Analysis During the previous trading day, the cable pulled back to the lower side but is still above the level 1.2840. While the price is held above 1.2840, we expect further momentum to the upper side, we are waiting for a clear sign that the corrective wave (iv) is ended so that we buy the l

Wave Analysis Our stops was taken out when the price went below the level 109.00 and is still pretty much below this level. While this is true, that the price is below this level, we expect further corrections even much lower but should not go beyond 107.90. We are waiting for a possible sign that

02
January
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