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EURCAD’s Recent Weakness Deciphered

EURCAD surpassed the 1.61 mark on January 20th, but the bulls could not hold on to that momentum, which led to a sharp decline to 1.5245 just five days later. Currently, the pair stands slightly above 1.5415, but the recovery seems to be a timid one, not giving us enough confidence to “buy the dip”.…

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Time for EURUSD Bulls to Shine Again?

EURUSD rose after the ECB policy announcement on December 3rd, then fell following the FED’s decision to raise the interest rates on December 16th. Should we wait for the next major statement from the US or the European Union? Is it possible to get a clue about where the EURUSD exchange rate is most likely to…

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EURJPY To Regain Positive Bias?

EURJPY rose heavily after the ECB ‘s policy statement on December 3rd. However, soon after that, the pair started declining again, reaching the lows near 131.02 today. Are we going to see all of the post-ECB gains erased or is this weakness only temporary? The chart below shows what the Elliott Wave Principle suggests EURJPY…

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EURUSD Reversal Seen Way Before ECB

On December 3rd, EURUSD rose sharply from 1.0540 to above 1.0980, following the European Central Bank’s decision to lower the deposit facility rate to -0.30% and ECB’s willingness to extend its asset purchasing program to the end of March 2017 or beyond, if necessary. But did we need to know what the ECB was going to do,…

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EURUSD Might Recover, But How High?

On September 20th, we published “EURUSD Next Stop: Parity”, saying that “EURUSD might plunge to a new low, below 1.0460″. It has been more than a month, so let’s refresh your memory by taking a look at the old forecast first. It is given on the chart below. So, there was a nice five-wave impulse…

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EURCAD: Is The End Nigh For The Bears?

Less than a month ago, on September 16th, we published “The EURCAD Saga Continues”, saying that “the exchange rate is likely to plunge below the 1.46 mark again.” We thought so, because of what we saw on the hourly chart of EURCAD. According to the Elliott Wave Principle, a five-wave impulse to the south, followed…

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EURGBP Bulls To Take A Step Back?

The Elliott Wave Principle is famous for its ability to help traders and investors identify price extremes and predict reversals. Two months ago, on August 2nd, we applied it to the 4-hour chart of EURGBP. In an article, called “EURGBP Trying To Find The Bottom”, it warned us that a bullish reversal might occur soon. You…

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EURUSD Next Stop: Parity

In “EURUSD, Well Done. Now What?”, published on August 24th, we suggested “the euro might climb to 1.16, before the bears return.” As it turned out, EURUSD not only reached, but even exceeded this target. The pair climbed as high as 1.1713. Nevertheless, the Elliott Wave Principle has been warning us to expect a bearish…

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EURUSD Triangle Warning Ahead Of FOMC

Triangles are known for preceding the last wave of the larger sequence. In an A-B-C zig-zag pattern, the last wave is wave C. According to the Elliott Wave Principle, once wave C is over, there is a reversal. EURUSD seems to be giving us an example. As it appears, there is a triangle wave B,…

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The EURCAD Saga Continues

On July 29th we published “EURCAD And The Art Of Reversal Prediction” to demonstrate how the Elliott Wave Principle can help you forecast major reversals by looking only at one chart. EURCAD was trading slightly above 1.4300 at the time, but due to the fact that the whole decline from 1.56 to 1.3015 is corrective,…

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EURUSD, Well Done. Now What?

Almost a month ago, on July 26th, while EURUSD was trading near 1.0980, we published an article, called “EURUSD With Two Bullish Counts”. “The bottom at 1.0808 should be safe from now on” was the most important part of the description of the first of them. You can see it on the chart below. As…

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EURAUD With Great Growth Potential

On January 28th, 2015, we showed you our long-term outlook on EURAUD, suggesting that the pair is probably in wave Y down within a W-X-Y double zig-zag correction. Here is how the forecast looked like. The pair did not fell as low as we thought it will, but wave Y did make a new low…

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EUR GBP Trying To Find The Bottom

Both the euro and the sterling suffered from the strength of the dollar, but compared to one another, the European currency was the bigger loser, since it fell against the pound as well. However, the 4-hour chart of EUR GBP shows something, which might cheer the bulls up. There seems to be one Elliott Wave…

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EURCAD And The Art Of Reversal Prediction

It’s been more than four months since we published “EURCAD, Are The Bears Getting Tired?”. On March 27th, while EURCAD was trading near 1.3570, we suggested that “wave 5 of C should make one last bottom before the bears run out of power. After that, EURCAD should be looked at from the bullish side”. Here…

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EURUSD With Two Bullish Counts

More than a month ago, on June 17th, we published “EURUSD Complicated Ahead Of FOMC”. With the pair trading near 1.1260, the wave structure was suggesting it could reach 1.15, before reversing to the south again. The chart below shows how the forecast looked like then. As visible, we were expecting a post-triangle thrust for…

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