The rebirth of the US Dollar (update)

The US dollar has been behaving quite well despite of the bad fundamentals, because the market is driven by social mood, not economic news. The economy lags the market. The greatest thing about the Elliott Wave Principle is that you know when your scenario is wrong. Every scenario has its own invalidation level and this…

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Modern mania – Bitcoin

Mania defines as excitement of psychotic proportions manifested by mental and physical hyperactivity and elevation of mood. This behavior leads to extended fifth waves. They are usually retraced a 100%. Here is a textbook example of an extended fifth wave: Extended fifth waves are usually a result of greed or fear from hunger, drought. These…

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USDJPY, “The Falling Star”

“USDJPY will reach 115.00 in the first couple of months of 2014” -Deutsche Bank-. Well, we at Elliott Wave Markets think that we will not see another top from this pair.We think so, because we don’t rely on expert’s opinions or fundamental factors. We prefer looking at the charts, directly at market’s psychology. The first chart shows…

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EURUSD long-term perspective

EURUSD has been very stubborn in its attempt to hit the 61.8% Fibonacci level twice. It looks like this effort is going to be successful, because wave “c” of Y of (X) needs to be completed. In other words, figures around 1.39-1.40 should be reached, maybe during the first couple of weeks in 2014. After…

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The rebirth of the US Dollar

The US dollar index has been rallying in an impulsive fashion since the end of October. The FEDs stimulus has been lowering the dollars value, but the FED can only offer it, not “inject it”. The start of a longterm rise in the dollars value has begun already in 2011, when gold reached its peak.…

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EURUSD: bears again

Despite all new highs, which EURUSD recently made, this pair remains bearish. Expect a reversal to the downside from that 61.8% Fibonacci level.

Two perfectly looking setups ahead of FOMC

EURUSD and USDCHF look ready to resume their larger trends after the FOMC report. According to the Elliott Wave Principle, when the market has drawn a 5-3 wave model, at least another five waves should be expected in the direction of the previous five, thus making the whole pattern 5-3-5. So, our idea is to…

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