Foreign exchange is the world's biggest market, with daily trading volume of $5+ trillion -- about 10 times the total volume of the world's stock exchanges combined. High liquidity and 24-hour access are just two reasons why millions of traders focus on currencies exclusively.
A currency strategist just cited "fundamental" reasons for the recent price action in the U.S. Dollar Index. Yet, EWI's anticipated these price moves -- including the greenback's decline -- before these fundamentals developed. Learn about this classic chart pattern...
September 2019 saw Bitcoin fall 20%, its largest monthly decline since November 2018. See for yourself how Elliott wave analysis anticipated the turn before price went south.
You've probably heard about the recent short-term liquidity issues that the Fed had to intervene into. It sounds eerily similar to the 2008 crisis. What market would give the early warning? Answer: U.S. dollar. Watch our Head of Global Research explain why.
February 2018 was huge for the EURUSD. Headlines then were bearish the euro, bullish the dollar. Yet we saw that peak for what it was, and price unfolded as forecast for 18 months. See it here (plus what may be next) in Chart of the Day.
Watch our Crypto Pro Service editor show you examples of recent truncations in Bitcoin, Ethereum and EOS. You'll also discover what's likely next for EOS.
On September 10, the U.S. dollar soared to a 5-week high against the Japanese yen. In fact, the USDJPY rally has been consistent since August 26. Analysts blamed the yen weakness on its “reduced safe-haven appeal” due to the lack of any consistency in the U.S.-China trade talks. So, how could the latter be the cause of the former? Answer: It can't. We have a good idea of what can.
The question in the title is an important one for a lot of forex traders today who are watching AUD/USD. Besides, any major move in this pair will have implications for other U.S. dollar pairs, too.
You can get answers now in this new 2-min. video by our Currency Pro Service editor. Watch as he goes over several charts of AUD/USD, from longer- to short-term, to give you some clarity.
Just one week ago, Ethereum traders were basking in the glow of bullish news reports and elevated price forecasts. But then, ETH went against its bullish script and plunged more than $60 – a 25% sell-off! -- to a multi-month low. What you need to know, however, is that the cryptocurrency followed its Elliott wave script to a "T."
On August 2nd the Dollar-Yuan went vertical, and a flood of news stories then explained "why." Now see the August 1st forecast that called the move before it happened.
China's currency is in the news -- "It's falling!" -- but as it's often the case, it's the kind of move that was in the cards long ago. Watch as our Asian-Pacific Short Term Update editor explains more, and also see how the yuan is not the only market that's been destined to fall.
"How did I miss THAT?!" When you look back at some market reversals, at times you just want to smack yourself in the forehead. But don't beat yourself up: Hindsight is 20/20, and spotting a trend change in real time is VERY hard. Watch our Crypto Pro Service analyst show you one way to do it using Bitcoin Cash's December 2018 low.
The July Global Market Perspective showed a long-term chart of the British Pound v. the U.S. Dollar. See why a long-term chart in a monthly publication is very relevant to investors who look for opportunities right now.
Are this week's wild price moves evidence that cryptos are "unpredictable" markets, with sharp moves which take no prisoners? Put simply, NO. See for yourself the difference that Elliott Wave analysis can make.