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U.S. Dollar: How to Predict Trends, Not React to Them

Vadim Pokhlebkin — Mon, 22 Jun 2009 11:00:00 ET

What creates trends in all liquid, freely-traded markets? That depends on whom you ask. To a conventional market analyst, the answer is news stories and events -- political, economic, you name it. The Elliott Wave Principle, on the other hand, teaches that trends are shaped by the collective mood of the market participants. This quick example may help you decide who's right.

U.S. Dollar: Look Out for Sentiment Extremes

Vadim Pokhlebkin — Tue, 16 Jun 2009 02:00:00 ET

When market players' sentiment reaches an optimistic or pessimistic extreme, more often than not you can expect prices to reverse. Ironically, those also are the moments when almost everyone (everyone who is not paying attention to sentiment measures) is convinced that the trend will continue. The latest action in the U.S. dollar is a good example of that...

U.S. Dollar Recovers: What's Behind the Rally?

Vadim Pokhlebkin — Fri, 05 Jun 2009 05:00:00 ET

The U.S. dollar, beaten badly since late April, took the upper hand on June 5 and broke below a psychologically important price point of $1.40 against its main competitor, the euro. But whatever you read in the financial press regarding the "reasons" for the dollar strength, they all pale in comparison with this one: market sentiment. take a look at this chart to understand why.

Forex (Video): Elliott Waves Predicted Stronger Yen Before "Fundamentals"

Vadim Pokhlebkin — Mon, 01 Jun 2009 02:30:00 ET

The Japanese yen has been gaining against the U.S. dollar since April. As for the reasons why, fundamental analysts quoted in the press cite anything from the positive economic news from Japan to GM bankruptcy. Watch this free 4-minute clip from a video that EWI's Senior Currency Strategist Jim Martens recorded for his intensive Currency Specialty Service subscribers on April 21, when the yen was just picking up speed.

U.S. Dollar: Are We Seeing Evidence of a Turn?

Vadim Pokhlebkin — Fri, 22 May 2009 12:45:00 ET

Jim Martens, Elliott Wave International's Senior Currency Strategist, regularly posts thoughts on the business of forex trading for his subscribers. Below is Jim's latest Market Insight, posted on the morning of May 22.

Forex (Video): Wave Patterns Predicted Current U.S. Dollar Weakness

Vadim Pokhlebkin — Tue, 19 May 2009 02:30:00 ET

Since early May, the U.S. dollar has been losing. Trying to find the cause of the weakness, conventional forex analysts have been citing various reasons -- all of the explaining it really well...after the fact. Watch this free May 8 video for an example of how Elliott wave analysis saw the current dollar weakness before it occurred.

How to Apply Elliott Wave Analysis to Forex

Vadim Pokhlebkin — Thu, 14 May 2009 02:30:00 ET

Elliott wave analysis is all about looking at charts, in different time frames, in search of clear Elliott wave patterns. What does that mean in practice? Here's a good example. (Don't forget: Forex FreeWeek at elliottwave.com continues through noon on May 20.)

EUR/USD: Sometimes, the Less You Say, the Better

Vadim Pokhlebkin — Wed, 06 May 2009 10:30:00 ET

If you trade forex, you've probably noticed that some markets have behaved erratically in recent weeks. The EUR/USD, for example, the most widely-traded currency pair, would go sideways for days -- but then start swinging wildly from hour to hour. What's going on? Here are some thoughts on this from Jim Martens, EWI's Senior Currency Strategist.

Forex: Are Successful Traders Just Really Lucky?

Vadim Pokhlebkin — Thu, 30 Apr 2009 04:00:00 ET

In 2004, former Federal Reserve Chairman Alan Greenspan compared successful currency traders to "winners of coin-tossing contests." Fair? No? You decide...

Stronger Dollar: A Monday Morning Puzzle

Vadim Pokhlebkin — Mon, 20 Apr 2009 04:00:00 ET

Here's a Monday puzzle for you: On the morning of April 20, the dollar pushed the exchange rate with its main "competitor" (the euro) below the "psychologically-important" $1.30 level. Why is the dollar getting stronger when "everyone knows" it should be crashing, considering the exploding debts of the U.S. government?