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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
18
October

Wave Analysis As we mentioned in the previous day's forecast, Euro continued to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the previous day's highest high, we expect nothing but a possible momentum to the upperside,

Wave Analysis After the end of the correction of the impulsive wave (iii), the cable spiked to the upperside and is currently above the end of the last impulsive wave (iii). As we mention during the previous trading day, as long as the price remains above the previous day's highest high, we expect

Wave Analysis So far, nothing much has changed on this chart, we're still rallying between the range we were at yesterday. This chart is very bullish, and if the price can successfully close above the previous week's highest high, then this will be a good indication that we're continuing to the upp

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October
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