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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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2024 EURUSD GBPUSD USDJPY
18
October

The price continued to fall, and the wave scenario considered earlier turned out to be incorrect, since in that case, wave 3 would be the shortest. Now the situation looks like wave 3 is also elongating, like wave 1. Then a small correction will begin shortly, during which the euro's exchange rate

All throughout the past trading day, buyers held a heavy defense and managed to prevent further price declines, and then managed to slightly raise it. Perhaps this is how an appropriate rebound movement will begin, designed to correct the previously occurring impulsive decline. In this case, we wi

Despite expectations of active actions from sellers, the price continued to move within a certain narrow range, updating the local maximum once again. So far, all this uptrend continues to look like part of a correctional structure, namely a double zigzag. For this reason, expectations overall rem

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October
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