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Forex: Look for Chart Patterns, Not the News
Currency trading does not have to revolve around watching the headlines.

by Vadim Pokhlebkin
7/21/2009 2:30:00 PM

Financial markets develop as a series of patterns. If you're like most investors and believe that markets are random -- or, at best, moved by "good" or "bad" news -- you will often find Elliott-based forecasts in conflict with your "macro" views. 

Filed Under: forex, currency trading, u.s. dollar, euro, eur/usd
Category: Currencies


U.S. Dollar: How to Predict Trends, Not React to Them
There IS a way to predict the trends in forex markets.

by Vadim Pokhlebkin
6/22/2009 11:00:00 PM
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.
Filed Under: u.s. dollar, euro, social mood, risk-averse, forex, currency trading
Category: Currencies


U.S. Dollar vs. Euro: “Risk of a Sudden Revaluation”
We are in an environment where the dollar could suddenly appear less attractive.

by Jim Martens, Senior Currency Strategist
9/17/2008 4:30:00 AM

Have forex traders lost confidence in the idea that the U.S. was ahead of the rest of the world in regard to bad news – and now it’s leading the way back, away from the edge of recession? Or have they lost faith in the way the U.S. does business? And if it’s the latter, does it mean they have lost faith in the capitalist way of life? And what could that mean for the U.S. dollar? Here are some thoughts from Elliott Wave International’s Senior Currency Strategist

Filed Under: Lehman, Merrill Lynch, u.s. automakers, currency trading, forex, u.s. dollar, euro, capitalism
Category: Currencies


Currency Traders: Get Elliott Wave Forex Forecasts Free
Get ready: EWI's Forex FreeWeek is coming: August 20-27.

by Editorial Staff
8/18/2008 9:45:00 PM
At Elliott Wave International, we have been forecasting the markets for 30 years. We can help you understand how the markets work and teach you a popular forecasting method that may help you formulate a trading strategy: Elliott wave analysis. It's a method many traders use, because it helps you to accomplish three crucial goals: Identify the trend, stay with it, and know when the trend is likely over. And you're in luck! Because from noon to noon on August 20 through August 27, you can have full, free access to Elliott Wave International's forex forecasts. Click for details.
Filed Under: forex, forex trading, online currency speculation, forex brokerage firms, currency trading, how the markets work
Category: Currencies


VIDEO Lesson: How To Trade Forex Around News Releases
Boost your chances of winning with Elliott wave analysis.

by Vadim Pokhlebkin
7/29/2008 11:30:00 AM

Currency trading around the time of a major economic news release can be treacherous. Watch Jim Martens, Elliott Wave International’s Senior Currency Strategist, explain in this free 8-minute video how he used Elliott wave analysis to forecast the market action on June 25 – the day of the latest Federal Reserve interest rate announcement, a major economic news event.

Filed Under: currency trading, trading forex, Federal Reserve interest rate, forex forecasts, eurusd
Category: Currencies


Euro Vs. U.S. Dollar (Forex): Surprise, Surprise
When fundamentals get murky, "what's left is price pattern."

by Vadim Pokhlebkin
6/6/2008 8:45:00 PM

What an incredible rally in the EURUSD we've seen on June 5 and 6. On Tuesday, June 4, after Ben Bernanke said the Fed "is watching the dollar," the buck gained close to 200 pips against the euro. Wednesday's trading was very quiet, and it did seem like tables were indeed turning for the dollar. But then on Thursday…

Filed Under: ben bernanke, Fed, us dollar, eurusd, forex, currency trading
Category: Currencies


VIDEO: Learn To Set Price Targets With Fibonacci
"I really think the wave principle is the most useful technique in FX trading."

by Vadim Pokhlebkin
5/14/2008 6:30:00 PM

In the video you are about to see, Elliott Wave International's Senior Currency Strategist uses a chart of the euro-Swiss frank currency pair. In mid-March, the EUR/CHF stopped falling and staged a powerful rally. This video was recorded on March 6, several days before the rally began. So, not only is this a great lesson on using Fibonacci ratios to set price targets – it's a great forecast, too. Just watch.

Filed Under: forex trading, fibonacci, EUR/CHF, euro-Swiss frank, currency trading
Category: Currencies


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Announcing EWI's New eBook ...

EWI's New Trading eBook: How to Trade the Highest Probability Opportunities: Price Bars and Chart PatternsIn this exciting new 45-page eBook, Jeffrey Kennedy shows you – using fresh, real-life market examples – how you can use simple, yet powerful, chart reading techniques to improve your trading.

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To access EWI's valuable Q&A message board, all you need is a free Club EWI profile. Create Yours Now >>
> Wars: Do they affect the stock market's Elliott wave patterns? 
> Market manipulation: Can wave patterns detect it?  
> Warren Bufett: Doesn't his latest major purchase boost market mood? 
> George Soros' Reflexivity Theory: Similar to Prechter's socionomics? 
> College tuition: Will it cost more or less in a deflation? 
> Currencies: How do I count Elliott waves between cash and futures? 
> Weekends and trading halts: How do they factor into Elliott wave count? 
> Crisis Part II: Who will people blame if stocks crash again? 
> Socionomics and 'The Wisdom of Crowds': Any connection? 
> Do you know of any mutual funds that use Elliott wave analysis? 

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As the markets enter what Bob Prechter calls "the point of recognition," we notice that mainstream media pundits who get it start to notice us, our analysts and our forecasts. You can browse dozens of recent media articles about EWI in the EWI Press Room.
 
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The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.