Tag: CURRENCIES

NZDUSD is getting closer to 0.8800, which may boost the bulls’ confidence, but an Elliott Wave analyst never relies only on rising prices. The...

On June 4th we showed you a forecast of the USDCAD forex pair, saying that “after the end of wave C, we will be expecting...

EURUSD made a three-wave rise from the bottom at 1.35 to 1.3676, but this is far too shallow to be the whole correction of...

In our last analysis of USDJPY we were expecting a rally to 102.30, followed by a strong decline. If you are interested in this pair,...

If you think that corrections are movements against the larger trend, you are absolutely right. But if this is true, why should you expect...

People see EURUSD‘s recent plunge as a result of ECB’s decision about interest rates. We at EWM see it as a natural post-triangle thrust...

“Do not be surprised, if the next move USDCAD makes is to the south.” This is an excerpt from our previous article about USDCAD, which we...

On May 28th we showed you a forecast of NZDUSD, expecting a temporary rise in wave (2)/B. A chart from this analysis is given below....

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...

Truncated fifth waves are among the trickiest patterns in the catalogue of the Elliott Wave Principle. The worst about them is that you cannot...

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...

On the 30-minute chart of USDCAD we are able to count a clear five-wave impulse in the upward direction, followed by the natural corresponding retracement...

In our last analysis of USDJPY, “Calm before the storm”, we were expecting the pair to rise to the 102.20 area and start declining from...

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...

Five waves to the upside on the 5-minute chart of GBPUSD means that we should expect new highs after the end of wave (2)/B...

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...

On April 24th we showed you an intraday trading idea, suggesting that EURGBP should make a new top on the 15-minute chart. As you can...

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...

EURGBP made a small impulsive five on the 15-minute chart, followed by a three-wave decline. Wave (3)/C to the upside should start soon, which...

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...

Five waves up and three waves down means we should expect another impulsive rally in AUDNZD soon. Invalidation level at 1.0838.

Since the failure of Mt.Gox, the worlds biggest Bitcoin exchange, the product “virtual currency” has not been seeing any huge gains. Other exchanges like...

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...