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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 Instead of rallying to the upper side, euro crashed intensely and is currently rallying above a key daily supportive zone 1.1455-1.1602. This is still our buy place, and therefore, unless the price clearly breaks below it, i expect a rebound from this zone to pick a long position with

Wave Analyis Just as in the euro, the cable corrected itself to the lower side but is still above the 1.32991. We're still within our buyers territory and as long as the price remains above 1.32991, we expect a possible momentum to the upper side, the anticipated bullish price rally is the unfoldin

Wave Analysis During the previous trading day, the US dollar rallied intensely to the upper side and is still pretty much bullish. the previous day's candle was a perfect bullish pin bar candle, and could mean the price is headed to the upper side. Today and in the next few days, we expect a possib

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