Riding EURUSD’s Rally From the Start

EURUSD took a hard hit after the British referendum results showed Britain wants to leave the European union. The pair plummeted from 1.1427 to as low as 1.0911 in a matter of hours on June 24th. After recovering to 1.1185, the exchange rate started declining again. A month after the referendum, it fell to 1.0951…

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Brexit or Not, EURUSD Follows Elliott Wave

Britain voted to leave the European Union, causing the dollar to skyrocket against all major currencies. One of Brexit’s victims in the forex market was EURUSD, which plummeted by more than 500 pips – from 1.1427 to 1.0911 – in less than 8 hours. To most people, Britain’s referendum results are quite shocking. We admit that Brexit…

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EURUSD: NFP or Elliott Wave?

The Non-Farm Payrolls report for the month of May was a total disaster. Only 38K jobs added versus 164K expected. If you ask the majority, it is no surprise that EURUSD rocketed after the news was out. The problem is that the majority had no idea what to expect from EURUSD until the NFP was out. Elliott…

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Three in a Row in EURUSD

EURUSD climbed as high as 1.1616 in the beginning of the month, but the bulls could not keep up the positive momentum, allowing the bears to take the rate down to as low as 1.1098 so far. The price action was a little choppy last week, with the pair falling to 1.1129, then climbing to…

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EURCAD Elliott Wave Dissection

EURCAD was flying above 1.6100 in January this year. A little over 4 months later – in the end of April – the pair almost completed a 20-figure crash, when it fell to 1.4180. EURCAD is currently hovering around 1.4680, but simply mentioning these price levels is not going to tell us anything about the…

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Anticipating Major Reversals in EURUSD

The EURUSD currency pair climb as high as 1.1464 on Tuesday, April 12th, but the bulls quickly ran out of fuel, which led to a sharp sell-off of more than 230 pips to 1.1233 so far. Experienced traders never take the current trend for granted, but is there a way to anticipate and prepare for…

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Decoding EURUSD With Elliott Wave

EURUSD initially fell to 1.1326 last week, but then managed to return stronger and climb to 1.1453. There has been plenty of news during the last five trading days. From U.S. trade balance, through services ISM reports and FOMC minutes to initial jobless claims, mainstream analysts have been quite busy with trying to interpret all these pieces…

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EURAUD to the Target and Beyond

It was March 23rd, when “EURAUD Could Be Aiming At 1.51” was published. The purpose of that article was to determine which one of the two extremes – 1.4465 or 1.5085 – was more likely to be broken first by EURAUD. As usual, we decided to trust the Elliott Wave Principle and apply it to the price…

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EURAUD Could be Aiming at 1.51

The EURAUD pair has been in a downtrend for a month since February 11th. Then, on March 10th, the bulls woke up with a bang and lifted the exchange rate from 1.4465 to 1.5085 in just five hours. Today, EURAUD fell to as low as 1.4662, before climbing above 1.4850 so far. Which of the two…

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EURGBP Strength Could Be Deceptive

ECB’s policy decision produced fireworks in EURGBP on Thursday. The pair initially fell to 0.7651, but then rose sharply to 0.7848. Trouble is, this gives us no clue about what to expect from the pair next. Is it a “buy” or a “sell”? Fortunately, the Elliott Wave principle eliminates the “flip a coin” approach, by…

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EURJPY Looking for Fibonacci Support?

The Elliott Wave Principle is a market forecasting method, based on pattern recognition. If an analyst is able to recognize a pattern on the chart and knows what should follow, he could as well be able to predict what the market is most likely to do next. That is what we are going to try…

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EURAUD Is Waiting for Confirmation

EURAUD has been steadily declining since February 11th, when the pair climbed as high as 1.6250, before eventually reversing to the south. Currently near 1.5250, there seems to be no shortage of signs that another significant reversal might occur soon. Let’s examine the hourly chart of the exchange rate, in order to visualize the Elliott…

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EURCAD and the Power of Elliott Wave

EURCAD was trading at 1.5785 on February 11th, when we published “EURCAD at the Edge of the Abyss?”. We were expecting a sell-off, which “should be powerful enough to take the exchange rate below 1.5100.” In other words, we were anticipating a decline of nearly 700 pips. As always, the reason for this negative outlook…

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EURCAD at the Edge of the Abyss?

In our previous analysis of EURCAD, we suggested the pair has to complete a three-wave corrective recovery, before the time for another large leg to the south arrives. It took a while, but now we could see what type of correction EURCAD has chosen. It is given on the chart below. We could easily count…

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EURUSD to the Target and Beyond

Back in 2015, on December 19th, the majority of market analysts expected EURUSD’s post-ECB gains to be completely erased very soon, especially with the FED having raised interest rates for for the first time since 2006. Instead of going with the flow, we published “Time for EURUSD Bulls to Shine Again?”. The article’s purpose was…

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