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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
24
May

Wave Analysis During the previous trading day, euro declined steeply and even hit the supportive trendline. Following the bounce from this trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the corrective three wave cycl

Wave Analysis During the previous trading day, the cable declined steeply but could not go below the level 1.26150. As long as the price remains above this level, we're on the sidelines, in the meantime, we expect the current rally to the upperside to be a mere correction to the upperside but shoul

Wave Analysis Earlier today the US Dollar established a good support around 109.494-109.476. As long as this pair remains above this zone, we're looking for buy orders, but should price breakout to the lowerside, we'll be expecting an impulsive wave count to the lowerside and should breakout even l

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