Tag: FOREX TRADING

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.

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...