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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USDCAD’s Surprising Surge Explained

USDCAD closed at 1.3028 on Friday, February 3rd, continuing the decline from 1.3387, which began in mid-January. So, if you have been expecting more weakness this week, nobody can blame you. After all, trading in the direction of the trend is a viable strategy. However, even the strongest trend is interrupted by an occasional correction from…

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Avoiding USDCAD’s Treacherous Traps

If you have been following USDCAD, you would agree that this week is nothing like last week. Between January 17th and 20th, the pair rocketed from as low as 1.3018 to as high as 1.3387. Just when it looked like the bulls are unstoppable, USDCAD reversed to the downside to lose over 330 pips at…

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Trump Has Nothing to Do With USDJPY’s Reversal

Donald J. Trump officially sworn as the 45th president of the United States yesterday. And if the stock market remained relatively calm during the week of his inauguration, the USDJPY pair has been very interesting to watch. After opening at 114.31 on Monday, it fell to 112.56, before bouncing back up to 115.61, only to close…

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Theresa May Only Did the Bulls’ Dirty Work

It has been a wild ride for GBPUSD this week. The pair initially opened with a huge gap to the downside, following Theresa May’s “Hard Brexit” comments, but then reversed to the north to climb from as low as 1.1987 on Monday to as high as 1.2414 on Tuesday. It turned out that those, who…

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GBPUSD: How to Anticipate Fake Breakouts

We saw a lot of those so-called “fake breakouts” in GBPUSD during the last two weeks. On January 3rd, the pair fell to 1.2199, only a pip below the previous swing low of 1.2200, but just enough to activate a lot of sell orders. Unfortunately, the bears gave up right away, allowing the bulls to lift…

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USDCAD: Elliott Wave Useful, Even When Wrong

USDCAD bulls must be having a good time. The pair has been adding pips faster than a speed train in the last three trading weeks, climbing from 1.3080 on December 14th to almost 1.3600 as of today. Unfortunately for us, this is not going to be one of those articles, where we explain that 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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USD Index Will Not Rise Forever

It has been another strong year for the U.S. dollar. The greenback crushed most of its rival – the euro and especially the pound, to mention a few – so there is no surprise the USD index is hovering near 101.00. The last time the USD index traded around these levels was over 13 years…

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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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NZDUSD Seven Trading Days Later

Last Monday, November 21st, while NZDUSD was trading around 0.7020, we published an article called “NZDUSD Poised for a Corrective Recovery”. In our opinion, based on Elliott Wave analysis, the pair was “providing an opportunity for the bulls to achieve a three-wave rally to at least 0.7110.” Instead of relying on economic data or political news,…

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NZDUSD Poised for a Corrective Recovery

NZDUSD has been steadily declining since November 8th, when it reached 0.7402. Currently trading near 0.7020, the bears seem unstoppable and after a selloff of over 400 pips, it looks like the pair is headed much lower. However, even the strongest trends are interrupted by moves in the opposite direction, which might cause a lot…

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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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One Big Problem with USDCNH’s Uptrend

The U.S. dollar has been in a strong uptrend against the Chinese Yuan since mid-January, 2014. In less than three years, USDCNH climbed from 6.0150 all the way up to 6.8494 so far. After such a massive gain investors might start to think it is a good time to join the bulls. Unfortunately, no trend…

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USDCAD Elliott Wave Analysis and the U.S. Election

Just like virtually any other currency pair, USDCAD was subject to increased volatility after the U.S. election results came out. The rate registered a low of 1.3263, but swiftly climbed to 1.3524, when it became clear that Donald Trump was going to be the next president of the United States. But even if you could…

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