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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 EURUSD GBPUSD USDJPY
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December

Wave Analysis Perfectly according to the previous day's forecast, the corrective three wave cycle pushed the price significantly to the upperside and even went above the upper trendline. As long as the price is contained above this trendline, we expect nothing but a possible momentum to the uppers

Wave Analysis During the previous trading day, the corrective wave (2) bounced off perfectly from 1.3012 and could not break any lower. We expect the previous day's rally to the upper side to be the continuation of the impulsive wave (3) to the upper side and could see price break beyond 1.3550. A

Wave Analysis Few day ago, the US Dollar failed to sustain the break below the supportive trendline, instead, after breaking below this trendline, the US Dollar barely remained below it and has now pulled back above it. As long as the price remains above this trendline, we expect nothing but a pos

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