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…

Read More »

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…

Read More »

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…

Read More »

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…

Read More »

USDCHF Inspires a Better Idea Now

Just two days ago, on Monday, while USDCHF was trading around 0.9785, we published “USDCHF Is Not The Pair to Buy Right Now”, citing that it “could be expected to continue to the south from now on”. Today, because of Trump’s victory or not, the exchange rate plunged to 0.9549. So far, so good. The…

Read More »

USDCHF Is Not The Pair to Buy Right Now

USDCHF was looking pretty good just two weeks ago, when it almost reached parity, climbing to as high as 0.9998 on October 25th. Unfortunately, the bulls must be very disappointed now, after the pair crashed to 0.9678 last Friday. The question now is how to determine if this a dip to buy or the start of…

Read More »

USDJPY and the Sudden Bullslaughter

Last Friday, October 28th, USDJPY rose to a high of 105.53, but eventually closed the week at 104.71. The trend was clearly up since the end of September and Friday’s dip was probably embraced by the bulls as another buying opportunity. Unfortunately for them, 105.53 turned out to be a major top. Instead of continuing to…

Read More »

EURUSD’s Surge Did Not Come Out of Nowhere

EURUSD bulls must be pleased. The pair is trading in the vicinity of 1.1100 after rallying all the way up from 1.0850. On top of that, the recovery took less than seven trading days, so it must have caught many traders off guard. So why did EURUSD rise so suddenly and how to be prepared…

Read More »

USDCAD Moves Like It Is Programmed

The week did not start well for USDCAD, which declined to 1.3139 on Monday, October 10th, but the bulls managed to regroup and pushed the pair back up to 1.3306 so far. It looks like the rate is going to reach a new multi-month high soon. However, it is a little hard to profit from…

Read More »

USDJPY Has No Respect For Bearish Opinions

USDJPY is having a good run recently. The pair started the week from 101.17, but quickly gained traction and is currently trading above 103.60. Despite the fact that it has been in a strong downtrend since June 2015, USDJPY, it turns out, could still offer bullish opportunities. In order to get advantage of them, the…

Read More »

USDCAD Bulls Should Have Seen the Warning

Last Friday, USDCAD climbed to 1.3247 and despite this week’s attempts to reach this level again, the best the bulls were capable of was 1.3242. Instead of continuing higher after two weeks of steady gains from 1.2822, the pair lost over 200 pips and is currently trading near 1.3040. Most people would say that the Fed’s…

Read More »

USDCAD’s Elliott Wave “Road Map”

USDCAD has been rather boring recently. The pair has been moving sideways for several months now, locked between 1.3250 and 1.2660 since May. Such behavior could easily annoy traders, who are waiting for a clear trend to join. Boring or annoying, however, does not mean that USDCAD has been unpredictable. The following chart first emerged…

Read More »

Who Saw USDJPY’s Crash Coming?

Last week, the USDJPY pair opened at 102.02 and undertook an impressive rally to 104.31, before settling at 104.01 for the weekend. After such an impressive bullish run, it is quite normal to expect that the uptrend is going to continue. But since Monday, September 5th, USDJPY has been nothing more than a disappointment. The…

Read More »

Foreseeing A Broken Trend Line in USDJPY

At the start of last week USDJPY was trading slightly above the 100.00 mark after falling from as high as 107.49 in mid-July. Usually, staying with the trend is a profitable approach, so basically, joining the bears would have made sense to most analysts. Usually, however, does not mean always, because no trend lasts forever.…

Read More »

No EURUSD Surprises After Yellen

When the market opened on Monday this week, EURUSD was trading in the area of 1.1330, after s significant rally from 1.1045 just two weeks earlier. Most traders have heard that the trend is always more likely to continue. That is true except when it is not, as EURUSD demonstrated. It is now evident that…

Read More »