Tag: FOREX RATES

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.

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...

EURUSD rose significantly from 1.3670 to 1.3905. This move fits perfectly in our big picture outlook, as wave “a” of wave 3 of an...

In our previous analysis on USDCAD we were expecting wave 5 to develop, once wave 4 is complete, probably in the form of a triangle....

AUDUSD made its last top at 1.1080 in the end of July 2011 and declined by more than 24 cents to 0.8650 in just...

On March 11th we showed you our analysis on GBPUSD. We were then considering a double zig-zag correction under construction, with waves “b” and “c” of...

It is not difficult to get emotional about trading. And as many of you probably know, emotions are rarely helpful, when you have to...

In conventional technical analysis they call it “wedge”. In Elliott Wave analysis we call it “ending diagonal”. Both terms imply the same thing –...

On the 30-minute chart of USDJPY we are tracking a possible ending diagonal for wave 5 of C of Y of (2)/B. USDJPY bigger...

ECB’s decision about interest rates can always bring some surprises into the markets, but it won’t hurt if we look at the USD index...

On March 6th we showed you this forecast of USDJPY. We were anticipating the end of the corrective wave (2) or B and a sell-off...

GBPUSD formed a top at 1.6822 on February 17th 2014 and has been in corrective mode for more than a month, bottoming at 1.6460...

Bulls are getting more and more excited about EURUSD as it is getting closer to the 1.40 mark. But if we want to draw...

Correction for wave (2)/B seems to be finished in the form of a double zig-zag w-x-y. Prices could start declining towards the first target...

Ending diagonal, as its name suggests, is a reversal pattern, that occurs either in the position of wave C of a correction or as...

GBPJPY bottomed in the beginning of October 2011 and has been in a strong uptrend ever since. The Elliott Wave Principle has taught us...

USD/JPY rose significantly yesterday after the FOMC reports and during Janet Yellen’s speech. Does that post-news strength provide enough of a reason to start...

The US dollar is still going sideways against the Canadian dollar, without making new lows or new highs, which suggests that USDCAD is forming...

EUR/AUD buying chance could be in place. A five-wave impulse with an extended fifth wave, followed by a zig-zag, that retraces the entire extension...

In our opinion GBPUSD could provide two opportunities. The first one is to sell. On the 15-minute chart we have to wait for wave...

An impulsive advance in combination with a flat correction, suggests that USDCAD could go higher. If we add the 38.2% Fibonacci level to the...

Not many changes since our last post on USDJPY, except the better entry, which we now have for a long-term position. On the 4-hour...

EURUSD has been very annoying with all those new lows and new highs since the middle of January. “New lows and new highs”, is...

In terms of position of occurrence, wave structure and consequences the expanding triangle is the same as the regular contracting triangle. It can occur...

A very clear 5-wave decline can be counted in USDJPY, starting from the orthodox top at 104.92, where the fifth wave truncation ended. The...

It looks like the recent rally on AUDUSD could be limited to the 0.9150 area. If this happens, we will have a complete expanding...

The decline that started from 1.2391 seems to be at its final stages now. The chart of EURCHF depicts a complete 5-wave impulse to...