EURNZD Bulls Look Better Going into December

Yesterday, we shared our view that despite being down by over 460 pips this month, a bullish reversal can be expected in EURAUD around 1.5500. Now, we are going to take a look at EURNZD, which lost even more in November. The pair plunged from 1.7359 to 1.6515 in the last thirty days, following a…

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EURAUD Bears Getting Tired. Bullish Reversal Ahead?

With only one day left, the Euro seems poised to end November in positive territory against the U.S. dollar, following a sharp decline in October. Unfortunately for the bulls, the European currency is still losing to some of its other rivals this month. EURAUD, for example, is down by over 460 pips since the start…

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EURUSD Sharp U-Turn Predicted by Elliott Wave

2018 has so far been a terrible year for EURUSD bears and the month of October made no exception. The pair climbed to 1.1815 in late-September, but could not maintain the positive momentum. By October 31st it was down to 1.1302, losing over 300 pips that month alone. But in the Forex market traders cannot…

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EURCAD Bulls Setting Up a 400-Pip Recovery?

The European currency has had a tough time recently, losing ground against major rivals like the U.S. dollar and the Japanese yen. Here we are going to examine the Euro’s drop against the Canadian dollar, which has been in progress since March 20th, when EURCAD climbed to a multi-year high of 1.6153. The last time…

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EURGBP Prone to More Weakness

EURGBP has been rising for over two months now. The pair’s journey to the north began from 0.8313 in mid-April and did not stop until 0.8879 was reached on June 28th. However, everything comes to an end and the euro’s rally against the pound is unlikely to be an exception. In fact, judging from the…

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Euro Bulls Could Not Defy Gravity Forever

As the euro continues to lose momentum, here are the technical factors, which led to this The euro climbed to 1.0828 against the U.S. dollar on February 2nd, which was the culmination of a recovery that began from as low as 1.0340. Nearly 500 pips to the north, which is usually more than enough to convince even the…

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EURUSD Anticipates, the Fed Follows

EURUSD fell below 1.04 for the first time in 14 years, after the Federal Reserve raised rates by 25 basis points from 0.50% to 0.75% on Wednesday. The Fed’s move was highly anticipated and so was the dollar’s strength after it. But it deserves to be mentioned that EURUSD has been rising from as low…

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EURUSD Days and Hours Ahead of ECB and Draghi

The ECB yesterday announced that it will continue with its aggressive asset-buying program, although the pace of the purchases will be reduced starting April, 2017. In response to the news, EURUSD initially rallied to 1.0870, but then crashed all the way down to 1.0589 as of today. Let’s assume that you have predicted the ECB’s…

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Staying Ahead of the U.S. Election in EURUSD

Donald Trump is going to be the 45th president of the United States. Most people outside of the U.S, including us at EWM Interactive, did not expect him to win. The preliminary polls suggested Clinton was going to get the most votes and take over the White House. So when it became clear that Trump…

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EURUSD’s Surge Did Not Come Out of Nowhere

EURUSD bulls must be pleased. The pair is trading in the vicinity of 1.1100 after rallying all the way up from 1.0850. On top of that, the recovery took less than seven trading days, so it must have caught many traders off guard. So why did EURUSD rise so suddenly and how to be prepared…

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EURGBP Still Has Plenty of Room to Rise

Our last post about EURGBP was published on August 23rd, while the pair was trading near 0.8600. There were two charts included in that material, showing two different counts, but in any case, we thought we should see at least a small pullback, before the uptrend resumes. “It definitely does not seem to be the…

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EURCAD on the Brink of a 700+-Pip Crash

The last time we wrote about EURCAD was on May 5th, 2016, while the pair was trading around 1.4660. In “EURCAD Elliott Wave Dissection” we thought a three-wave (A)-(B)-(C) zig-zag correction was in progress, so we were expecting a decline in wave (B), followed by another rally in wave (C). The chart below is a…

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No EURUSD Surprises After Yellen

When the market opened on Monday this week, EURUSD was trading in the area of 1.1330, after s significant rally from 1.1045 just two weeks earlier. Most traders have heard that the trend is always more likely to continue. That is true except when it is not, as EURUSD demonstrated. It is now evident that…

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EURGBP: Time to Turn Bearish?

EURGBP has been in a strong and steady uptrend since November 2015, when it finally managed to leave the area between 0.6930 and 0.7100. The consecutive bottoms were needed for the bears to realize the support zone there was too strong for them to breach. Last week, the pair climbed to 0.8724. But every trend is…

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EURUSD: Elliott Waves Versus Deceptive NFP Reports

The last two weeks have been exceptionally good for EURUSD so far. The pair rose from as low as 1.1045 on August 5th to 1.1322 as of yesterday, August 16th. The plunge to 1.1045 came as a result of the latest NFP report, which turned out to be very good for the dollar… at first.…

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