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Video: How Wave Analysis Caught a 700-Pip Drop in USD/JPY
New video Elliott wave lesson in identifying a trading opportunity.

By Vadim Pokhlebkin
6/13/2013 3:15:00 PM

On May 30, when dollar/yen was trading above 101, the editor of EWI's forex-focused Currency Specialty Service, Jim Martens, recorded a 6-minute video for his subscribers. In it, Jim said that USD/JPY was about to fall in a "third-of-a-third" sell-off, the strongest and fastest part of the Elliott wave sequence. Since then, USDJPY fell from above 101 to a low of 93.78 June 13 -- a 700+ pip move. Watch Jim's video in its entirety now. It's an Elliott wave lesson in identifying a trading opportunity that every forex trader can use again and again.

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

Category: Currencies


USDJPY Below 100: Topped, Or Paused Before a New Rally?
USDJPY would have fallen regardless of what the U.S. manufacturing report said on Monday

By Vadim Pokhlebkin
6/3/2013 4:45:00 PM

On June 3, dollar-yen fell below the psychologically important level of 100. The move towards the stronger Japanese yen was pinned on the weak U.S. manufacturing report, released at 10 a.m. Monday. But the report wasn't the real reason; it simply gave a nudge to the collective psychology of forex traders -- who were already dollar-bearish before the news.

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

Category: Currencies


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


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


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


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


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


USDJPY: The "Indecisiveness" Is About to End
Charts show that the Japanese yen has been in a large Elliott wave triangle pattern

By Vadim Pokhlebkin
2/22/2013 2:45:00 PM

After a huge multi-month rally, USDJPY has been taking it easy. Lately, the yen has seen a lot of volatility, but little progress in either direction. Here's what price action in USDJPY looks like over the past few days...

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

Category: Currencies


EUR/USD: Don't Believe the Headlines
The euro fell hard on February 7, but not for the reasons you probably heard about

By Vadim Pokhlebkin
2/7/2013 2:30:00 PM

On Thursday, Feb. 7, EUR/USD, the most-traded forex pair, fell sharply: a 200-pip loss (two full cents) in less than four hours. The main explanation you'll find in the day's news stories is this: a comment by Mario Draghi, the European Central Bank president, pushed the euro off the cliff. But here's the surprising part ...

Filed Under: Elliott wave, Elliott Wave trading, euro, euro/USD exchange rate, european central bank, forex, forex trading, technical analysis, usd/jpy

Category: Currencies


USD/JPY: What a "Third" Elliott Wave Looks Like
The Japanese yen has been getting weak in a hurry -- a signature third-wave move.

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

Since October, the most popular trade in forex has been to sell the Japanese yen, buy the U.S. dollar. As a result, USD/JPY, the exchange rate between the dollar and the yen, has been moving up in what an Elliottician would only refer to as a "third wave." Take a look...

 

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

Category: Currencies


Market Insight: USD/JPY (Dollar/Yen)

By Vadim Pokhlebkin
1/22/2013 10:45:00 PM

The Japanese yen began losing against the U.S. dollar in October 2012, getting a lot of attention from forex investors, who made betting against the JPY (and in favor of the USD) one of the most popular forex trades over the past few months.

But lately

The Japanese yen began losing against the U.S. dollar in October 2012, getting a lot of attention from forex investors, who made betting against the JPY (and in favor of the USD) one of the most popular forex trades over the past few months. But recently...

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

Category: Currencies


USD/JPY and AUD/USD: One Opportunity Ends, Another Begins
There are LOTS of forex opportunities out there. You cannot possibly catch them all, but it's worth trying.

By Vadim Pokhlebkin
11/9/2012 8:15:00 PM

When you stop looking at the markets as random and consider that there is an order -- a pattern -- to the way prices move, spotting market opportunities gets a whole lot easier. On November 6, here's the pattern that stood out in USD/JPY charts to the editor of our forex-focused Currency Specialty Service...

Filed Under: Elliott wave, forex, forex trading, trade targets, trading lessons, usd/jpy

Category: Currencies


Australian Dollar: "Still Surging" -- Why, Again?
This is a story we've seen repeated in the forex markets again and again.

By Vadim Pokhlebkin
7/19/2012 6:30:00 PM

Picture this. It's late May. You're in Australia. You have an interest in the currency markets: Maybe you speculate in forex; maybe your business depends on the exchange rates. Every morning, you scan the headlines. This is what you see regarding the Australian dollar during the last week of May...

Filed Under: Asia Dollar Index, currency, Elliott Wave trading, euro, euro/USD exchange rate, forex, forex trading, Japanese yen, safe haven, Singapore Dollar, Swiss franc, technical analysis, technical indicators, trade targets, Traders, trading lessons, U.S. dollar, usd/jpy, yuan

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


USD/JPY: First Up, Then Down...Where to Next?
Why the latest move in dollar-yen had more to do with Elliott waves than the Bank of Japan.

By Vadim Pokhlebkin
7/12/2012 6:00:00 PM

On July 12, the Bank of Japan was expected to keep rates unchanged at 0.1% -- and it did. That's not the interesting part -- the interesting part is what USD/JPY, the U.S. dollar-yen exchange rate, did before and after the announcement. 

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

Category: Currencies


How Elliott Wave Analysis Answers "Where to Next?'
The July 3 Elliott Wave Junctures video lesson shows an Elliott zigzag pattern in real-time price charts of 3 major Forex markets

By Nico Isaac
7/5/2012 5:30:00 PM

Let's say you have three financial analysts who employ three very different trading methods. Imagine showing them this chart of the Canada/US Dollar Index, and asking that they each use their particular method to forecast where prices will go next. Here's what they might say...

Filed Under: Elliott wave, elliott wave junctures, Elliott Wave trading, euro, forex, forex trading, Jeffrey Kennedy, U.S. dollar, usd/jpy

Category: Education


(VIDEO) Forex Trading: How to Use Elliott Wave Analysis on Multiple Degrees of Trend
Watch editor of EWI's forex-focused Currency Specialty Service, Jim Martens, deliver another Elliott wave lesson using AUDUSD as an example

By Vadim Pokhlebkin
5/9/2012 3:15:00 PM

About once a week , the editor of EWI's forex-focused Currency Specialty Service, Jim Martens, records a video for his subscribers. The goal of each video is two-fold: to deliver a fresh market update, but also to teach a valuable lesson in Elliott wave analysis. Watch this 7-minute Aussie dollar video.

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

Category: Currencies


EUR/USD Dips Below $1.30
Was Mario Draghi's speech a bullish or bearish event for the euro? How about BOTH?

By Vadim Pokhlebkin
5/7/2012 5:30:00 PM

We've shown you before examples of how easy it is to interpret the same event as both bullish and bearish news for a market. Here's a fresh example. On May 3, the European Central Bank met to talk about interest rates. At that meeting, the ECB's chief Mario Draghi...

Filed Under: Elliott wave, Elliott Wave trading, euro, euro/USD exchange rate, european central bank, European debt crisis, european markets, eurozone, forex, forex trading, online trading, Swiss franc, technical analysis, U.S. dollar, usd/jpy

Category: Currencies


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

By Vadim Pokhlebkin
4/23/2012 2:30:00 PM

Elliott Wave International presents Part II of the interview with Jim Martens. (Read Part I here.)

Filed Under: currency, Elliott wave, Elliott Wave Education, Elliott Wave trading, euro, euro/USD exchange rate, eurozone, forex, forex trading, online trading, Robert Prechter, risk appetite, risk management, Swiss franc, U.S. dollar, U.S. Federal Reserve (the Fed), usd/jpy, volatility

Category: Currencies


EUR/USD: Huge Rally, What's Next? Find Out FREE
Here is an example of forecasts Forex FreeWeek (Feb. 22-29) participants saw so far

By Vadim Pokhlebkin
2/24/2012 6:00:00 PM

Since February 22, EUR/USD (the euro-dollar exchange rate and most-traded forex pair) has rocketed almost 300 pips -- to close the week near $1.3840. That's a move any forex trader would have loved to catch. But those who only looked at the mainstream forex news headlines on February 22 probably missed this rally. Here's why...

Filed Under: Elliott wave, Elliott Wave trading, euro, European debt crisis, eurozone, forex, forex trading, Swiss franc, technical analysis, technical indicators, U.S. dollar, usd/jpy

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.