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Market Insight: GBPUSD Enters a Strong Sell-Off
By the looks of it, the decline has much more to go.

By Vadim Pokhlebkin
4/19/2013 5:45:00 PM

"Britain’s pound depreciated versus most of its major peers after Fitch Ratings downgraded the U.K.’s long-term credit rating one step to AA+ from AAA," reported Bloomberg on April 19. The day before, our Currency Specialty Service posted the following forecast...

Filed Under: currency, Elliott wave, Elliott Wave trading, forex trading, sterling, technical analysis, trade targets, U.S. dollar

Category: Currencies


Video: "GBPUSD: Why We Knew Cable Was Going Higher, and Where It Should Go from Here"
A new video lesson in applying Elliott waves to forex markets

By Vadim Pokhlebkin
4/12/2013 4:15:00 PM

Once a week on Fridays, our Currency Specialty Service editor, Jim Martens, records a video update for his subscribers. The goal of each forex video is to bring attention to a promising market opportunity, as well as deliver an Elliott wave lesson. On April 5, Jim recorded the video you are about to see...

Filed Under: forex, forex trading, sterling, technical analysis, U.S. dollar, video

Category: Currencies


"Kaboom!" Goes the Euro
After the sharp sell-off in EURUSD, where to next?

By Vadim Pokhlebkin
3/18/2013 5:15:00 PM

On the heels of the news from Cyprus, EURUSD, the euro-dollar exchange rate and the most-traded forex pair, went into a tailspin. The mini-collapse was a sight to behold. Well, to be exact, there was literally nothing to see: On a 15-minute chart, the downward gap was just a blank space. Take a look.

Filed Under: Elliott wave, Elliott Wave trading, forex, forex trading, sterling, technical analysis, technical indicators, U.S. dollar

Category: Currencies


Forex Video: See Why GBPUSD Offered This Great Opportunity
Watch editor of EWI's forex-focused Currency Specialty Service, Jim Martens, deliver another Elliott wave lesson in trading forex

By Vadim Pokhlebkin
3/13/2013 5:30:00 PM

On February 8, GBPUSD (a.k.a. "cable") was trading near 1.5800. A month later, on March 12, cable hit a low of 1.4836. That was a massive, 1,000-pip bearish opportunity. Watch the editor of EWI's forex-focused Currency Specialty Service, Jim Martens, explain what alerted him to that upcoming sell-off.
 

Filed Under: Elliott wave, Elliott Wave trading, forex, forex trading, sterling, U.S. dollar, video

Category: Currencies


GBP/USD Bears: Time to Watch the Market Very Closely
Elliott wave patterns in cable are flashing a warning signal

By Vadim Pokhlebkin
2/5/2013 4:00:00 PM

GBP has been falling, and so has GBP/USD, the sterling-dollar exchange rate known to forex traders as "cable." This chart from our Currency Specialty Service puts this year's drop in perspective.

Filed Under: Bank of England, Elliott wave, Elliott Wave trading, forex, forex trading, sterling, technical analysis, U.S. dollar

Category: Currencies


Forex Trading: How to Pick the Right Opportunity
Most popular currency pairs aren't necessarily where the best opportunities are.

By Vadim Pokhlebkin
11/13/2012 4:30:00 PM

By volume, EUR/USD and USD/JPY are the two most actively traded currency pairs in the forex market. GBP/USD is third, with EUR/JPY generally fourth. Forex traders have their favorites.Of course, today's online trading platforms allow you to trade just about any forex pair out there. But why would you want to deviate from the "big four"? Here's why...

 

Filed Under: Elliott wave, euro/USD exchange rate, Fibonacci, forex, forex trading, Japanese yen, sterling, technical analysis, technical indicators, trade targets, trading lessons

Category: Currencies


Forex Market Insight: USD Completes a Textbook Reversal Sequence
Watch Elliott waves in action as the markets trade

By Vadim Pokhlebkin
11/7/2012 4:30:00 PM

November 7, Jim Martens, editor of EWI's Currency Specialty Service: "Whether relative to the euro, sterling, or Swiss franc, the U.S. dollar completed a simple and beautiful Elliott wave reversal sequence today: a 5-wave rally followed by a setback in 3 waves..."

Filed Under: Elliott wave, Elliott Wave trading, euro, forex, sterling, Swiss franc, technical indicators, trade targets, trading lessons, U.S. dollar

Category: Currencies


(VIDEO) GBP/USD: How Elliott Wave Patterns Predicted Recent Drop Under 1.60
A great 6-minute video lesson in Elliott wave analysis of forex markets

By Vadim Pokhlebkin
11/1/2012 3:30:00 PM

Every Friday, the editor of EWI's forex-focused Currency Specialty Service, Jim Martens, records a video update for his subscribers. Each video delivers a real-life lesson on Elliott wave application to forex markets. Watch this 6-minute video Jim recorded on October 12. Jim called for cable (GBP/USD) to drop below 1.60 in wave 5 of the developing Elliott wave sequence. Ten days later, on October 23, GBP/USD fell as low as 1.5925. Watch >>

Filed Under: Elliott wave, forex, sterling, trading lessons, U.S. dollar, video

Category: Currencies


Forex Traders: Watch This Video -- Then Join Our Special, FREE FX-Trading Event on July 18-26
On July 18, join us for the free 45-minute live forex webinar, "How to Trade the Top 5 Forex Opportunities Right Now."

By Vadim Pokhlebkin
7/13/2012 4:30:00 PM

Every day, forex markets present you with multiple potential trading opportunities. For example, here's what the Elliott wave picture in the 12 most-traded currency pairs looks like today...

Filed Under: currency, Elliott wave, Elliott Wave Education, Elliott Wave Principle, Elliott Wave trading, euro, forex, forex trading, Japanese yen, online trading, sterling, Swiss franc, technical analysis, U.S. dollar, usd/jpy, video

Category: Currencies


Why Consider This $4-Trillion-a-Day Market? Part I
Elliott Wave International's forex expert discusses the pros and cons of speculating in currencies vs. stocks

By Vadim Pokhlebkin
4/19/2012 4:30:00 PM

Elliott Wave International presents Part I of the interview with its Senior Currency Strategist, Jim Martens: Jim, our readers often tell us that they want to make money trading the markets. There are lots of options for would-be speculators out there. Your area is forex -- the market which has grown by leaps and bounds lately. Can you explain why I'd want to look at forex and not, say, the more "traditional" stock trading? Jim Martens: ...

Filed Under: Elliott wave, Elliott Wave Education, Elliott Wave trading, euro, euro/USD exchange rate, eurozone, forex, forex trading, online trading, short selling, sterling, Swiss franc, technical analysis, technical indicators, U.S. dollar

Category: Currencies


How Elliott Wave Analysis Can Help You Boost Your Forex Trading
Elliott wave analysis helps currency traders to reduce an infinite number of future possibilities to a handful of probabilities

By Vadim Pokhlebkin
8/31/2011 3:00:00 PM

Here at EWI, we believe in subscriber education. Here is a preview from a new free Club EWI report, a 14-page eBook "Trading Forex: How the Elliott Wave Principle Can Boost Your Forex Success." Enjoy this free excerpt.

Filed Under: Elliott wave, Elliott Wave trading, euro, euro/USD exchange rate, forex trading, Japanese yen, online trading, sterling, Swiss franc, trading lessons, U.S. dollar, usd/jpy, yuan

Category: Currencies


Global Market Perspective: Put Global Volatility On Your Side
As markets seem to fluctuate so unpredictably, EWI's latest Global Market Perspective offers you clear, objective forecasts

By Andrea Dibben
8/11/2011 4:45:00 PM

The new August Global Market Perspective offers you in-depth Elliott wave analysis and forecasts for 40+ global markets, in addition to dozens of Elliott wave-labeled charts.

Filed Under: ASX All Ordinaries, CAC40, Chinese markets, DAX, debt ceiling, debt crisis, Dow Jones Industrial Average (DJIA), Elliott Wave trading, euro, euro stoxx 50, eurozone, europe, European debt crisis, forex, forex trading, FTSE, Japanese yen, Nasdaq Composite, Nikkei, S&P 500, SENSEX, Shanghai Composite Index, Shanghai Composite Index, sterling, Swiss franc, Swiss Market Index (SMI)

Category: Global Markets


(Video) Forex: What Elliott Wave Software Do You Recommend?
An important insight into commercially-available Elliott wave programs

By Vadim Pokhlebkin
6/1/2011 1:00:00 PM

"What Elliott wave software do you recommend?" is one of the most frequent questions our readers send us. Watch Elliott Wave International's Senior Currency Strategist Jim Martens give his answer in this free 6-minute classic video using several forex charts.

Filed Under: Elliott wave, euro, euro/USD exchange rate, forex trading, sterling, Swiss franc, U.S. dollar, usd/jpy, yuan

Category: Currencies


EUR/USD: Falling on "Risk Aversion"? Let's Look at the Timeline First
It's not the "bad news" from Europe that has been pushing the euro lower

By Vadim Pokhlebkin
5/17/2011 5:15:00 PM

The U.S. dollar has gained 9 full cents on the euro in less than two weeks. That's a huge move, and people want explanations. And what the media offers boils down to "risk aversion," in light of "the bad news from Greece." And that sounds good -- until you check the timeline.

Filed Under: bailouts, euro, eurozone, euro/USD exchange rate, european central bank, European Union (EU), eurozone, forex trading, Greek debt, investor psychology, safe haven, sterling, Swiss franc, U.S. dollar, usd/jpy

Category: Currencies


(Video) U.S. Dollar: Doomed Again?
The sentiment against the dollar is reaching a familiar extreme

By Vadim Pokhlebkin
3/18/2011 11:30:00 AM

Careful observers of the forex market will remember that over the past few years, whenever the U.S. dollar would fall to a significant low against the euro and other competitor currencies, the chorus of dollar doomsayers would get louder. And then, as if by magic, the dollar would rebound, to the surprise of the skeptics. Except, there is nothing magical about it -- this free video explains more.

Filed Under: Bank of England, Bank of Japan, Elliott Wave trading, euro, euro/USD exchange rate, european central bank, forex trading, Japanese yen, sentiment, sterling, U.S. dollar, U.S. Federal Reserve (the Fed), usd/jpy, video

Category: Currencies


(Video) USDCAD: Example of Short-Term Basic Elliott Wave Analysis
U.S. dollar vs. Canadian dollar is one of the 12+ forex markets EWI's Currency Specialty Service covers

By Vadim Pokhlebkin
3/17/2011 4:30:00 PM

Elliott Wave International's Senior Currency Strategist Jim Martens records regular video updates for his Currency Specialty Service subscribers. On Friday, March 11, Jim recorded the following short-term bearish video forecast based only on a basic Elliott wave pattern visible in the USDCAD charts at the time. Watch the free video now for details.

Filed Under: euro, euro/USD exchange rate, forex trading, sterling, U.S. dollar, usd/jpy, video

Category: Currencies


Which Works Best: GPS or Road Map? Part I
Trading forex with Elliott wave analysis

By Jim Martens, Senior Currency Strategist
2/24/2011 1:45:00 PM

"The method I employ every day has been around since the 1930s, and it works as well as, if not better than, any newfangled technical analysis method for which you must buy some expensive computer software. My method is a form of technical analysis based on the Elliott Wave Principle, which Ralph N. Elliott worked out via hundreds of hand-drawn charts, well before the dawn of charting software..."

Filed Under: Elliott Wave trading, euro, forex trading, sterling, Swiss franc, trading lessons, U.S. dollar, usd/jpy, yuan

Category: Currencies


(Video) Which Elliott Waves Are Best For Trading Forex?
In this free 6-minute video, Elliott Wave International's Senior Currency Strategist answers two frequent questions subscribers ask him

By Vadim Pokhlebkin
1/6/2011 4:30:00 PM

Watch this classic, free 6-minute clip from a live webinar Elliott Wave International's Senior Currency Strategist Jim Martens held for his subscribers in 2008. Jim answers two questions: What's the best way to learn the Elliott Wave Principle? Which Elliott waves are best for trading forex?

Filed Under: Elliott Wave Principle, euro, euro/USD exchange rate, eurozone, forex trading, sterling, Traders, U.S. dollar, usd/jpy

Category: Currencies


Forex vs. Stocks: Are There Any Advantages? Part II
Elliott Wave International's forex expert discusses the pros and cons of speculating in currencies vs. stocks

By Vadim Pokhlebkin
1/3/2011 12:15:00 PM

Elliott Wave International presents Part II of the interview with Jim Martens. Q: Do you think trading forex is easy? -- Jim Martens: Well, I’d go back to the first question you asked me. Easy? No. Easi-er than equities? Yes. In forex, there are fewer markets, so fewer choices and less news to be concerned with -- so, fewer surprises...

Filed Under: Elliott Wave Principle, euro/USD exchange rate, euro, euro/USD exchange rate, forex trading, forex trading, fundamental analysis, Japanese yen, online trading, sterling, technical indicators, U.S. dollar, usd/jpy, volatility

Category: Currencies


Market Insight: Euro Gains, But Waves Warn of Weakness

By Vadim Pokhlebkin
6/14/2010 9:45:00 PM

The U.S. dollar fell on June 13 and 14. But around noon on Monday, the EUR/USD reversed from its intraday high and gave back about half the gains. From an Elliott wave perspective, what stood out about the dollar decline was its corrective structure. The editor of EWI's Currency Specialty Service Jim Martens picked up on that in a Monday morning intraday update...

Filed Under: U.S. dollar, euro, euro/USD exchange rate, Japanese yen, Swiss franc, sterling, Elliott Wave Principle

Category: Currencies


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© 2013 Elliott Wave International

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.