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.
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.
How can you see the market from a different perspective? "Degrees of trend" means exactly that -- it can be as simple as a daily vs. an hourly chart. See the difference for yourself in EURUSD, and (as analyst Jim Martens explains) how that "difference" can mean opportunity.
From the start, Elliott wave analysis has anticipated many of Bitcoin's biggest turns and trends: See our forecast of the latest big rally for yourself.
For several years, our Currency Pro Service Editor Jim Martens has been tracking for subscribers a giant triangle in USDJPY. It's almost complete.
Remember what was happening in the markets last December? Forget the "Santa Claus Rally" -- stocks were crashing, and so were cryptocurrencies. Bitcoin fell to almost $3000! But Elliott waves have a way of alerting you to trend changes at most unexpected times... Recently, Bitcoin nearly hit $14,000. See this Bitcoin chart that starts last December and shows you 7 eye-opening forecasts that guided our subscribers.
Why has China's central bank let the yuan plunge against the US Dollar since April 2018? Well, China's central bank tried and failed to change the trend. who saw the decline coming? Chart of the Day has the answer.
In the Elliott wave model, third waves are often the broadest and strongest moves within a trend. That is why Elliott wave traders love them.