Forex

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...

People say that politics is complicated! Well, it is, but not so much, if you understand market behavior. It has been some time since...

“We expect USDCAD to start rising from current levels. This count would be invalidated, if price falls below the start of the impulsive rally...

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...

In this analysis of EURUSD we will look at the price action from two angles – conventional technical analysis and then the Elliott Wave...

“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...

USDJPY has been moving sideways between 101 and 104 for over 3 months now. In our opinion, the moment of breakaway is just around...

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...

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...

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...

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...

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...

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...

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...

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....

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...

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...

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...

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...

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...

Ending diagonal, as its name suggests, is a reversal pattern, that occurs either in the position of wave C of a correction or as...

GBPJPY bottomed in the beginning of October 2011 and has been in a strong uptrend ever since. The Elliott Wave Principle has taught us...

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...

The US dollar is still going sideways against the Canadian dollar, without making new lows or new highs, which suggests that USDCAD is forming...

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...

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...

EURUSD has been very annoying with all those new lows and new highs since the middle of January. “New lows and new highs”, is...

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...

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...

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...