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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 continues to correct itself but is still just a few pips below the horizontal resistance line 1.17430. This is a key level and as long as it protects the upper side, we're waiting for a clear rebound from it to pick a perfect low rise sell position with an ultimate target at 1

wave Analysis During the previous day, the cable opened at 1.32817 , went as high as 1.33482 and as low as 1.3276 but ended up closing at 1.32936, just a few pips above it's daily opening price. The previous day's candle is perfect bearish pin bar candle closing below a key level 1.33516. As long a

Wave Analysis Perfectly as we stated previously, the Us Dollar is showing signs of potentially not breaking below the daily support level 108.219. As we said earlier, as long as this level protects the lower side, we expect a possible rebound from this level to pick a long position with an ultimate

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