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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
20
April

Wave Analysis During the previous trading day, euro declined steadily to the lower side but is still above the short term support level 1.23202. As long as the price does not clearly break below this level with a big red candle, we expect a momentum to the upper side. With the just mentioned upward

Wave Analysis Yesterday, the cable shaded almost 95% the value it gained last week and is now below the weekly resistance level 1.42881. As long as the price remains below this level, we expect a possible rally to the lower side. We expect the previous drop in price to have been the unfolding of a

Wave Analysis Yesterday, the price went above the 4 hour resistance level 107.409 and is still rallying above it. As long as this level is not violated to the lower side, we expect a possible momentum to the upper side. The anticipated bullish price rally is the continuation of the impulsive wave c

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