Tag: USD

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...

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

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...

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...

We are detecting a possible impulsive rally for Bitcoin, which started on 21st of February after falling more than 92% and bottoming at 95...

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...

The first chart below was posted on our Facebook page on November 27th 2013. Bitcoin was at its record highs around 1100-1200 back then,...

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 US dollar has been behaving quite well despite of the bad fundamentals, because the market is driven by social mood, not economic news....

Mania defines as excitement of psychotic proportions manifested by mental and physical hyperactivity and elevation of mood. This behavior leads to extended fifth waves....

“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...

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...

The US dollar index has been rallying in an impulsive fashion since the end of October. The FEDs stimulus has been lowering the dollars...

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

EURUSD and USDCHF look ready to resume their larger trends after the FOMC report. According to the Elliott Wave Principle, when the market has...