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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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2018 EURUSD GBPUSD USDJPY
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November

Wave Analysis From the bears point of view, euro is is below a trendline indicator, the envelopes. As long as the price is below this indicator, we expect it to be a dynamic resistance. Thus, following last week's bearish pin bar, we expect nothing but a possible momentum to the lowerside with an u

Wave Analysis The cable continues to plummet perfectly as we forecasted, and is still pretty much bearish both on the lower and higher time frames. Following the break below the short term support level 1.28115, we expect further stretch to the lowerside with an ultimate target at 1.27082. The anti

Wave Analysis During the previous trading day, the US Dollar continued on its way to the lowerside but failed to break below the dynamic support marked by the envelope indicator. As long as the price remains above this dynamic support we expect nothing but a possible momentum to the lowerside. The

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