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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
03
August

Wave Analysis Instead of rallying to the upperside, Euro corrected itself slightly to the lowerside but is still above the supportive zone 1.15-1.14. As long as the price remains above the supportive zone, marked above, we expect a possible bounce from this zone to pick a long term long position wi

Wave Analysis During the previous trading day, the impulsive wave (c) stretched slightly lower than expected and even went below the weekly support level 1.30. This was significant move and as long as the price remains below this level, we expect a possible momentum to the lower side with the next

Wave Analysis The previous two day's candle were long tailed bars, and the previous day's candle was a perfect bullish pin bar candle. The correct buy place however is at 111.040. If you didn't go long around 111.040 as we said previously, you can still look for long positions but your stop loss sh

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