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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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Wave Analysis Euro is still above the daily support level 1.15682. As long as the price remains above this level, we expect a possible momentum to the upper side. The anticipated bullish price rally is the unfolding of an impulsive wave count to the upper side and should break above 1.22730. If thi

Wave Analysis During the previous trading day, the cable continued to the upper side and is still very much bullish both on the daily and the weekly charts. Following the break above 1.30366, we expect further momentum to the upperside. And as long as the price remains above 1.30366 we expect furth

Wave Analysis During the previous trading day, the US Dollar rallied to the upperside and is now around a key resistance level 112.027. As long as the price is below this level, we expect nothing but a possible rebound from it to pick a long term short position with an ultimate target at 110.060. O

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