Elliott Wave InternationalmyEWISocioniomics.Net

Market Insight: USDJPY Completes a 5-Wave Rally
Once the market makes the move, it's easy to find economic or political factors to pin it on. What’s hard is to know where the market will go before the news.

By Vadim Pokhlebkin
5/16/2013 5:15:00 PM

On May 15, just as EURUSD broke below the psychologically important price level of 1.30, USDJPY staged a rally. The mainstream forex news sources cited various fundamental factors for the dollar strength/yen weakness. Yet, as you have probably noticed, those explanations almost always make perfect sense -- but only after the fact.

Filed Under: currency, Elliott wave, Elliott Wave trading, forex, forex trading, Japanese yen, U.S. dollar, usd/jpy

Category: Currencies


EURUSD Drops Below 1.30... Why, Again?
Wave analysis works because it helps you track the waves of the market's crowd psychology, which unfold in predictable patterns.

By Vadim Pokhlebkin
5/16/2013 4:30:00 PM

It's official: The euro zone economy has now been in the longest recession since the EUR was introduced in 1999. That news hit the wires on May 15. No wonder EURUSD, the euro-dollar exchange rate, fell that day as the U.S. dollar took the upper hand. But let's take a look at what happened from an Elliott wave perspective...

Filed Under: currency, Elliott wave, Elliott Wave trading, euro, euro/USD exchange rate, europe, eurozone, forex, forex trading, U.S. dollar

Category: Currencies


EURUSD: Lots of Ups and Downs, Zero Net Progress

By Vadim Pokhlebkin
5/9/2013 2:30:00 PM

Here's what's interesting. Since the start of May, the euro bulls have tried to rally EURUSD higher at least five times. On May 8, we saw the latest attampt at a rally. It went as high as 1.3195. Then on May 9, the market fell again. That has been the fate of every rally, so far ...

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

Category: Currencies


While EURUSD Lags, Other Forex Markets Are on the Move
While the euro has gone flat, USDCAD, USDCHF and EURJPY have done -- or are about to do -- the opposite.

By Vadim Pokhlebkin
5/7/2013 6:45:00 PM

If EURUSD were a cardiac patient, this is the moment when the doctor would give the order: "Do not attempt to resuscitate." Seriously, take a look at what the euro has done since the start of this month...

Filed Under: currency, Elliott Wave trading, euro, forex, forex trading, Japanese yen, Swiss franc, usd/jpy

Category: Currencies


EURUSD: Post-Fed, Post-ECB Market Insight

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

Our May 1 story "EURUSD: The First Shoe Drops" said that the world's most-popular forex pair was about to turn lower, after finishing a 5-wave upward move. EURUSD topped the same day at 1.3243, and since then has lost about 200 pips -- so far...

Filed Under: currency, euro, euro/USD exchange rate, european central bank, Fibonacci, forex, forex trading, U.S. dollar, U.S. Federal Reserve (the Fed)

Category: Currencies


EURUSD: The First Shoe Drops
The Fed statement on Wednesday disappointed some, but Elliott waves have stayed a step ahead.

By Vadim Pokhlebkin
5/1/2013 4:45:00 PM

Gotta love "the Fed talk" -- as in, the central bank's statement on Wednesday afternoon: "The committee is prepared to increase or reduce the pace of its (bond) purchases to maintain appropriate policy accommodation as the outlook for the labor market or inflation changes." Let's translate that...

 

Filed Under: Elliott wave, Elliott Wave trading, euro, euro/USD exchange rate, european central bank, Federal Open Market Committee (FOMC), forex, forex trading, quantitative easing, technical analysis, U.S. dollar, U.S. Federal Reserve (the Fed)

Category: Currencies


EURUSD: Big Week Ahead
Will the euro rally or fall on the news from the European Central Bank meeting on Thursday?

By Vadim Pokhlebkin
4/29/2013 5:15:00 PM

Two news stories from Europe hit the headlines Monday morning (Apr. 29). One: Italy finally ended its political chaos and swore in the new government. Two: The eurozone economic confidence fell more than expected. EURUSD, the euro-dollar exchange rate and the most traded forex market, rose on Monday. But pretend for a second that you didn't know that. Try this instead...

Filed Under: consumer confidence, currency, Elliott wave, Elliott Wave trading, euro, euro/USD exchange rate, european central bank, eurozone, forex, forex trading, Traders, U.S. dollar

Category: Currencies


EURUSD: Below 1.30, Again
Odds are, this opportunity is still young.

By Vadim Pokhlebkin
4/23/2013 9:00:00 PM

On April 23, the world's most traded forex pair slipped 20 pips below the psychologically-important level of 1.30. Predictably, analysts blamed the sell-off on a fundamental factor -- namely, a weak economic report from Germany. A fine explanation indeed, yet one question remains: Now that we know why EURUSD fell, where will it go next?

 

Filed Under: currency, Elliott Wave trading, euro, forex, fundamental analysis, technical analysis, U.S. dollar

Category: Currencies


USDJPY: Will It?..
Given how close the yen has come to the psychologically-important level of 100, everyone wants to know: Will it break above?

By Vadim Pokhlebkin
4/22/2013 3:45:00 PM

To answer this question from an Elliott wave perspective, you need to study the wave patterns in USDJPY. Let's take a look...

Filed Under: Elliott wave, Elliott Wave trading, forex, forex trading, Japanese yen, U.S. dollar, usd/jpy

Category: Currencies


Are Successful Forex Traders Just REALLY Lucky?
In 2004, the former Federal Reserve Chairman Alan Greenspan compared successful currency traders to "winners of coin-tossing contests." Fair? No? You decide...

By Vadim Pokhlebkin
4/17/2013 2:30:00 PM

In 2004, in a speech before the Economic Club of New York, the former Federal Reserve Chairman Alan Greenspan compared successful currency traders to "winners of coin-tossing contests." Fair? No? You decide ...

Filed Under: Elliott Wave Principle, Elliott Wave trading, forex, forex trading, Greenspan, market forecasts, technical analysis, technical indicators, trading lessons, U.S. dollar, U.S. Federal Reserve (the Fed)

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


EURUSD Hits the Elliott Wave Price Target
A fresh example of an "ending diagonal" wave pattern in action.

By Vadim Pokhlebkin
4/10/2013 1:30:00 PM

On April 4, EURUSD, the world's favorite forex pair, fell to another new low for 2013 but only by 6 pips! You have to ask yourself: Why didn't the U.S. dollar muster the strength to push the euro lower than 1.2750? After all, the euro's fundamentals have been less than rosy. This insight offers some answers ...

 

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

Category: Currencies


USDJPY: How Much Higher Will It Go?
You've heard that the Japanese yen is doomed. Now see what Elliott waves are saying.

By Vadim Pokhlebkin
4/9/2013 4:00:00 PM

"Yen Weakens Beyond 99 per Dollar for First Time Since May 2009," said an April 8 headline. True, USDJPY, the dollar-yen exchange rate and a popular forex pair, has been on fire -- for months. This chart shows you just how huge the rally in the U.S. dollar -- and the weakness in the yen -- have been...

Filed Under: Bank of Japan, Elliott wave, Elliott Wave trading, forex, forex trading, Japanese yen, technical analysis, U.S. dollar, usd/jpy

Category: Currencies


Forex: Don't Write Off The Euro Just Yet
"We all know the euro is going lower," is today's popular sentiment. Yet Elliott waves suggest there is hope for the euro yet.

By Vadim Pokhlebkin
3/28/2013 4:00:00 PM

Despite the "success" of the Cyprus bailout, the sentiment towards the euro zone currency, the euro, has been negative. EURUSD, the euro-dollar exchange rate, fell to a new low for 2013. But while "everyone knows the euro is going lower," read this recent tweet by EWI's senior currency strategist...

Filed Under: bailouts, Elliott Wave trading, euro, euro/USD exchange rate, europe, European debt crisis, eurozone, forex, forex trading, technical analysis, U.S. dollar

Category: Currencies


Market Insight: Euro Hits New Low for 2013
EURUSD may be close to a pivotal point -- and a rare opportunity.

By Vadim Pokhlebkin
3/25/2013 6:00:00 PM

On Sunday night (Eastern time, March 24), EURUSD, the euro-dollar exchange rate and the world's most-traded forex market, saw a lot of volatility. The euro first fell 50 pips, then jumped 100, then fell hard again. Without a doubt, these gyrations looked chaotic to many forex observers. Yet we are proud to say ...

Filed Under: bailouts, Elliott wave, Elliott Wave trading, euro, euro/USD exchange rate, forex, forex trading, U.S. dollar, volatility

Category: Currencies


Cyprus, the Euro – and Elliott Waves
How will the forex market react to the details of the Cyprus bailout plan when the agreement is finally reached?

By Vadim Pokhlebkin
3/22/2013 4:45:00 PM

Right now, the number one forex story is the banking crisis in Cyprus. Cyprus is part of the European Union, so it shares the euro with the rest of the EU. We could speculate on how the outcome of the bailout deal might affect the euro, but our forte is wave analysis and other supporting technical indicators. So let's take a look.

Filed Under: bailouts, Elliott wave, Elliott Wave trading, eu, euro, europe, european central bank, European debt crisis, European Union (EU), forex, forex trading, technical analysis, technical indicators, U.S. dollar

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


USDJPY: Putting the News Into Elliott Wave Context
The Japanese yen has just gotten stronger. Will it last?

By Vadim Pokhlebkin
3/12/2013 11:15:00 PM

Like most traders, you probably watch market news closely. But wave analysis helps you put the news in the right context. Take the drop in USDJPY on March 12...

Filed Under: Bank of Japan, Elliott wave, Elliott Wave trading, forex, forex trading, Japanese yen, U.S. dollar, usd/jpy

Category: Currencies


EURUSD: Draghi Speaks, Euro Rises?
This Elliott wave pattern saw the rally coming before Mr. Draghi ever spoke

By Vadim Pokhlebkin
3/7/2013 9:45:00 PM

On Thursday (Mar. 7), the European Central Bank president, Mario Draghi, made headlines with an optimistic statement that, "Later in 2013 economic activity should gradually recover..." The euro gained and pushed EURUSD, the euro-dollar exchange rate, as high as 1.3117. But as it's often the case, the rally was "in the waves" before the news. Take a look at this chart...

Filed Under: Elliott wave, Elliott Wave trading, euro, europe, european central bank, European Union (EU), eurozone, forex, forex trading, technical analysis, trendlines, U.S. dollar

Category: Currencies


Get Your Free Email Newsletters

Simply pick what interests you and enter your email address:


Challenge the way you think about investing with The EWI Independent

Dig deeper into the world of Elliott wave trading via Trading the Waves

Get the week's can't-miss articles and free resources from The EWI Weekly Select

Get the latest from our sister organization, the Socionomics Institute
We respect your privacy. TRUSTe

Latest Articles
Categories and RSS
Press Room
Browse Recent Media Articles that Mention EWI or Feature EWI Analysts
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.

© 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.