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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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March

Wave Analysis: Euro continues to decline in value but still above a key daily support level 1.2149. We expect the downward rally seen yesterday to be a corrective phase of the larger corrective wave (4) but should not go beyond the daily support level 1.2149, where we'll be looking to buy the next

Wave Analysis: At the beginning of this week, the impulsive wave (5) extended slightly above last week's highest high, 1.4200, but has currently pulled back to the lower side. We expect the downward rally on the weekly chart to be a mere correction of the impulsive wave (5) and should not go beyond

Wave Analysis: After a false break below 105.38, The US Dollar has recovered 100% the value it lost below 105.28. As long as the price remains above 105.38, we expect a possible bullish momentum, with our target at 107.65, The anticipated bullish price rally will be the unfolding of a corrective th

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