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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
09
March

Wave Analysis: Perfectly as previously forecasted, bears dominated this market but we're still above the daily supportive zone 1.2240-1.2184. As long as this zone is not broken to the lower side with a big candle, we expect a possible rebound from it to pick a long position with our target at 1.300

Wave Analysis: Just as in euro, the cable dropped massively but still several pips above our buyers territory 1.3662-1.3812. Today and may be earlier next week, we expect further developments to the lower side where we'll be looking for low risk buy positions. If you're not in short already, you co

Wave Analysis: During this week, the impulsive wave (5) come to an unprecedented end and could not go below the level 105.20. We expect the upward rally that began few days ago to be the unfolding of a corrective three wave cycle, but should not go beyond the daily resistance level 107.40. Accordin

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March
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March
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March
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March
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