Elliott Wave Update of EURUSD – February 1st, 2023
EURUSD is practically unchanged since the start of the week as forex traders await today's key Fed interest rate decision. In today's Elliott Wave update we've identified the price level that could make all the difference between bulls and bears.
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NZDUSD, bears in the driving seat
NZDUSD reached 0.8777 in the beginning of the month, but was unable to hold the bullish momentum, reversing to the downside towards 0.8470, where...
NZDUSD, bears in the driving seat
NZDUSD reached 0.8777 in the beginning of the month, but was unable to hold the bullish momentum, reversing to...
Is Putin set to fail with the gold ruble?
People say that politics is complicated! Well, it is, but not so much, if you understand market behavior. It has been some time since...
Is Putin set to fail with the gold ruble?
People say that politics is complicated! Well, it is, but not so much, if you understand market behavior. It...
USDCAD went well. What next?
“We expect USDCAD to start rising from current levels. This count would be invalidated, if price falls below the start of the impulsive rally...
USDCAD went well. What next?
“We expect USDCAD to start rising from current levels. This count would be invalidated, if price falls below the...
GBPUSD, not as optimistic as it seems
GBPUSD has been in a strong uptrend for quite a long time. The pair managed to climb up from 1.4812 to nearly 1.70 without...
GBPUSD, not as optimistic as it seems
GBPUSD has been in a strong uptrend for quite a long time. The pair managed to climb up from...
EURUSD, it is time.
In this analysis of EURUSD we will look at the price action from two angles – conventional technical analysis and then the Elliott Wave...
EURUSD, it is time.
In this analysis of EURUSD we will look at the price action from two angles – conventional technical analysis...
EURUSD reached target. Now what?
“Considering the bigger picture, 1.40 seems to be a reasonable target for wave C up, but once it is reached, we have to be...
EURUSD reached target. Now what?
“Considering the bigger picture, 1.40 seems to be a reasonable target for wave C up, but once it is...
USDJPY. Calm before the storm
USDJPY has been moving sideways between 101 and 104 for over 3 months now. In our opinion, the moment of breakaway is just around...
USDJPY. Calm before the storm
USDJPY has been moving sideways between 101 and 104 for over 3 months now. In our opinion, the moment...
Elliott works, even on a 5-min chart
Yesterday in our intraday section we showed you a forecast of GBPUSD on a 5-minute chart. All we needed was a five-wave structure, which we...
Elliott works, even on a 5-min chart
Yesterday in our intraday section we showed you a forecast of GBPUSD on a 5-minute chart. All we needed was...
EURCAD with some downside potential
The EURCAD pair finished its ending diagonal at a price of 1.5582 and then declined to 1.5000 in impulsive fashion. Normally, a correction to the upside...
EURCAD with some downside potential
The EURCAD pair finished its ending diagonal at a price of 1.5582 and then declined to 1.5000 in impulsive fashion. Normally,...
EURUSD on its way to 1.40
EURUSD seems to have finished its three-wave A-B-C zig-zag decline. Pay attention to the fact that the 61.8% Fibonacci level reacted as a support...
EURUSD on its way to 1.40
EURUSD seems to have finished its three-wave A-B-C zig-zag decline. Pay attention to the fact that the 61.8% Fibonacci...
EURUSD down before up?
In our last analysis we were expecting an upside move in EURUSD and the pair really did rise, but the rally was limited to only...
EURUSD down before up?
In our last analysis we were expecting an upside move in EURUSD and the pair really did rise, but the...
EURUSD. Next stop – 1.40
On April 13th EURUSD was at 1.3885 and the majority of traders was still looking for higher levels. We, on the other side, were expecting...
EURUSD. Next stop – 1.40
On April 13th EURUSD was at 1.3885 and the majority of traders was still looking for higher levels. We,...
USDJPY on its way down
In our previous forecast on USDJPY we suggested that the rally to 104.11, despite being quite strong, should be only a correction of the larger...
USDJPY on its way down
In our previous forecast on USDJPY we suggested that the rally to 104.11, despite being quite strong, should be only...
EURUSD may fall even sooner
On March 30th we showed you our big picture outlook on EURUSD, in which we stated that the European currency may be near a major...
EURUSD may fall even sooner
On March 30th we showed you our big picture outlook on EURUSD, in which we stated that the European currency...
USDCAD. What happened?
In our previous analysis on USDCAD we were expecting wave 5 to develop, once wave 4 is complete, probably in the form of a triangle....
USDCAD. What happened?
In our previous analysis on USDCAD we were expecting wave 5 to develop, once wave 4 is complete, probably in...
AUDUSD big picture
AUDUSD made its last top at 1.1080 in the end of July 2011 and declined by more than 24 cents to 0.8650 in just...
AUDUSD big picture
AUDUSD made its last top at 1.1080 in the end of July 2011 and declined by more than 24...
GBPUSD, five moves predicted
On March 11th we showed you our analysis on GBPUSD. We were then considering a double zig-zag correction under construction, with waves “b” and “c” of...
GBPUSD, five moves predicted
On March 11th we showed you our analysis on GBPUSD. We were then considering a double zig-zag correction under construction, with...
USDJPY still corrective
On March 6th we showed you this forecast of USDJPY. We were anticipating the end of the corrective wave (2) or B and a sell-off...
USDJPY still corrective
On March 6th we showed you this forecast of USDJPY. We were anticipating the end of the corrective wave (2)...
GBPUSD and the Fibonacci magic
GBPUSD formed a top at 1.6822 on February 17th 2014 and has been in corrective mode for more than a month, bottoming at 1.6460...
GBPUSD and the Fibonacci magic
GBPUSD formed a top at 1.6822 on February 17th 2014 and has been in corrective mode for more than...
EURUSD still on schedule for a crash
Bulls are getting more and more excited about EURUSD as it is getting closer to the 1.40 mark. But if we want to draw...
EURUSD still on schedule for a crash
Bulls are getting more and more excited about EURUSD as it is getting closer to the 1.40 mark. But...
AUD/USD, ending diagonal?
Ending diagonal, as its name suggests, is a reversal pattern, that occurs either in the position of wave C of a correction or as...
AUD/USD, ending diagonal?
Ending diagonal, as its name suggests, is a reversal pattern, that occurs either in the position of wave C...
GBPJPY, from large to small
GBPJPY bottomed in the beginning of October 2011 and has been in a strong uptrend ever since. The Elliott Wave Principle has taught us...
GBPJPY, from large to small
GBPJPY bottomed in the beginning of October 2011 and has been in a strong uptrend ever since. The Elliott...
Be careful with USD/JPY
USD/JPY rose significantly yesterday after the FOMC reports and during Janet Yellen’s speech. Does that post-news strength provide enough of a reason to start...
Be careful with USD/JPY
USD/JPY rose significantly yesterday after the FOMC reports and during Janet Yellen’s speech. Does that post-news strength provide enough...
USDCAD is forming a triangle
The US dollar is still going sideways against the Canadian dollar, without making new lows or new highs, which suggests that USDCAD is forming...
USDCAD is forming a triangle
The US dollar is still going sideways against the Canadian dollar, without making new lows or new highs, which...
GBPUSD could provide two opportunities
In our opinion GBPUSD could provide two opportunities. The first one is to sell. On the 15-minute chart we have to wait for wave...
GBPUSD could provide two opportunities
In our opinion GBPUSD could provide two opportunities. The first one is to sell. On the 15-minute chart we...
USDJPY, still bearish in the long term
Not many changes since our last post on USDJPY, except the better entry, which we now have for a long-term position. On the 4-hour...
USDJPY, still bearish in the long term
Not many changes since our last post on USDJPY, except the better entry, which we now have for a...
EURUSD. A rare pattern. Will it work out now?
EURUSD has been very annoying with all those new lows and new highs since the middle of January. “New lows and new highs”, is...
EURUSD. A rare pattern. Will it work out now?
EURUSD has been very annoying with all those new lows and new highs since the middle of January. “New...
USDJPY not as healthy as it seems
A very clear 5-wave decline can be counted in USDJPY, starting from the orthodox top at 104.92, where the fifth wave truncation ended. The...
USDJPY not as healthy as it seems
A very clear 5-wave decline can be counted in USDJPY, starting from the orthodox top at 104.92, where the...
AUDUSD to finish an expanding flat
It looks like the recent rally on AUDUSD could be limited to the 0.9150 area. If this happens, we will have a complete expanding...
AUDUSD to finish an expanding flat
It looks like the recent rally on AUDUSD could be limited to the 0.9150 area. If this happens, we...
You better cover your shorts on EURCHF
The decline that started from 1.2391 seems to be at its final stages now. The chart of EURCHF depicts a complete 5-wave impulse to...
You better cover your shorts on EURCHF
The decline that started from 1.2391 seems to be at its final stages now. The chart of EURCHF depicts...
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