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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
08
February

Wave Analysis Euro is currently trading below a key level 1.13531. This is a key weekly level and as long as the price remains below it, we expect nothing but a possible steep decline towards 1.05616. The anticipated bearish price rally is the continuation of the anticipated bearish price rally is

Wave Analysis After a drastic decline seen during the previous trading, the cable pulled back upwards and even closed above its opening. The previous day's candle is a possible indication that the buyers are coming in, but as we mentioned previously, the best place to buy this pair is around 1.2735

Wave Analysis Nothing much seems to be happening on this pair, the US Dollar attempted to break above 109.884, but is currently below it. We're waiting for a clear breakout above 109.884 to pick a long term buy order towards 114.131, and on the flip side, should the price break below 108.541, then

07
February
06
February
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February
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February
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