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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
10
August

Wave Analysis During the previous trading day, the impulsive wave (c) extended significantly to the lower side and is currently bouncing from a weekly support level 1.14067. As long as the price remains above this level, we expect a possible momentum further to the upperside. The anticipated bullis

Wave Analysis During the previous trading day, the impulsive wave (c) extended significantly to the lowerside and is still pretty much bearish both on the daily and the weekly charts. As long as the price remains below 1.30308, we expect a possible momentum to the lowerside, the anticipated bearish

Wave Analysis During the previous trading day, the US dollar pulled back slightly to the lowerside but is still above the daily support level 111.0360. As long as the price is contained above this level, we expect a possible rally further correction slightly to the lowerside but should not break be

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