Forex

More than a month ago, on January 10th, we posted “NZDJPY Has Four Technical Reasons To Fall”, saying that “NZDJPY should soon be expected...

“Wave (B) could take the form of a triangle or an expanding flat. It is too early to say what it will be right...

It’s been 7 months since we published “NZDUSD Approaching a Major Resistance” on June 30th, 2014. The forecast assumed NZDUSD is getting close to...

Both the euro and the Australian dollar fell victims to the US dollar, but it is interesting to see the perspective, when they face...

“102.84 could turn out to be a major top, because AUDJPY may have just made the first step of a long journey to the south.” This...

“The second scenario assumes the pair could still be in a larger sideways correction, a triangle for example. If this is the case, the...

If you are a technical analyst you have probably heard that we, chartists, cannot predict long term movements in the market, because the big...

The EUR GBP exchange rate went below 0.77 today, which is its lowest level since March 2008. To many this may be a reason to get...

The NZDJPY exchange rate took a hard hit during the crash of 2007-2009, falling down from the heights of 97.70 to as low as...

“Wave (5) could extend the pair’s weakness a little more, but eventually EURCAD should start rising in wave II/B, which could lead the rate...

In one word: weakness. In the middle of the year GBPUSD reached above 1.70. Many economists were worried that the Pound’s strength may even...

“If this is the correct count, we should expect a recovery, which could take USDJPY up to the 120s again.” This is the last...

After a very strong performance by USD JPY, which almost led it to the 122 mark, the pair slipped down to about 115.50 as...

“We should not be surprised, if the support level around 100.00 gives up.” This is the last sentence of a forecast called “The Bears...

No-one would argue, that despite the optimistic first five months, the bulls on EURUSD were pretty much slaughtered this year. The never-ending clash between...

The USDJPY pair is the one, which probably shone the brightest in the FOREX market during 2014. In the beginning of the year, the...

A five-wave impulse followed by a three-wave correction is what every Elliottician is looking for. It seems that we have found one such pattern...

This article is not about how the market will react after today’s news. It is about how it is most likely to react, according to...

NZD USD is clearly in a consolidation. The exchange rate appears to be locked between 0.8030 and 0.7650 since the end of September. According to...

“If this is the correct count, USD CAD should exceed the top of 1.1316.” Do you remember, when you read this in “USDCAD: A Bullish Elliott...

AUDJPY declined in five waves from 105.40 in April 2013 to as low as 86.30 four months later, but has been recovering ever since....

GBPJPY and EURJPY tend to show a strong correlation in terms of price swings. This means their charts look alike quite often. Yesterday we...

The bulls took control of GBP JPY in the middle of October. The recent rally began from 168 and now, less than a month...

AUD USD made its last top at 1.1080 in the end of July 2011. These figures have remained untouched for more than three years,...

The last time we mentioned NZD USD in a forecast was on October 27th. In an article, called “NZDUSD ready to resume downtrend?” we assumed...

Yesterday the EURUSD forex pair made another new low and the bears are probably getting more and more confident. But even the strongest of...

Today, on October 31, 2014, the Central Bank of Japan announced that it will expand its stimulus program in order to prevent deflation. After the...

Yesterday, on October 29, 2014, the FOMC announced the end of the quantitative easing (QE) program. After the announcement the US dollar rose sharply...

A sharp reversal occurred shortly after NZDUSD reached the 0.80 mark. Is this the first stage of the downtrend resumption or just another corrective...

On September 23rd we gave you our short-term outlook on GBPUSD in an article, called “Intraday Weakness for GBPUSD Rate”. The chart below gave...