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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
04
May

Wave Analysis Yesterday, instead of going short as previously forecasted, euro corrected itself to the upper side and is still several pips below our sellers territory, if you're short already, you can leave this position open, if not, you can wait for further corrections towards 1.20301, to pick a

Wave Analysis Perfectly as previously forecasted, the impulsive wave (c) extended slightly to the lower side and is still pretty much bearish both on the daily and the weekly. Today and in the next few days, we expect a possible extension of the impulsive wave (c) to the lower side but should not g

Wave Analysis The previous day's candle was a perfect bearish engulfing candle and signals a possible increase in the number of sellers, but is still above the main support 108.780. We expect further bearish corrections towards this support and should break below it towards 107.743. This downward r

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