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.
Cryptocurrency Ripple (XRP) has been on a tear: up 25%+ on April 13, and 190% since the start of April! Was it foreseeable? Using Elliott waves, yes -- see for yourself, and get a clue as to what's next for XRP.
As 2021 began, sentiment toward the U.S. Dollar was bearish on Wall Street and among certain traders. Now see and read the rally forecast that anticipated the new uptrend to come.
Elliott wave traders know that 3rd waves within the basic 12345 wave pattern are fast, strong -- and, like the Energizer Bunny, they "just keep going." Watch our Crypto Pro Service analyst walk you through several charts of Bitcoin to illustrate how 3rd waves, if you identify them correctly, can truly become "your best friend."
Elliott Wave International called attention to Bitcoin back in September 2010, when the digital currency was trading for just pennies. The world of "cryptos" has evolved dramatically since then. Learn about one of the most recent crypto developments.
Back in January, U.S. dollar sentiment was highly negative. Big Wall Street players upped their bets against the greenback. Yet, the dollar just made a new 3-1/2-month high. Learn how EWI helped subscribers by "bucking" the negative dollar sentiment.
Some indicators do help gauge near-term trend. Yet in this chart, see how small price moves have a broader context -- one that was long-term bullish for Cardano -- before the huge, nearly year-long rally.
Dollar-yen is a key forex market. To know which way the pair is going, you could study and compare dozens of "fundamentals" in the U.S. and Japan... or you could simply take a look at an Elliott wave chart. Watch our Currency Pro Service editor do just that.
Bitcoin's price fell hard on Feb. 22 and many observers are wondering if this is the start of a crash. Well, the word "crashed" was also used back in January, when the cryptocurrency fell from $42,000 to below $30,000, however, prices bounced back. Elliott wave analysis puts both price drops into perspective.
Aussie-Yen is not a forex pair you hear about often. Well, all the more reason to see if we can apply Elliott wave analysis and other technical tools to gauge its trend. Watch our Currency Pro Service analyst look at the AUD/JPY trend since last March -- and see what's likely next.
Ethereum's rally launched in November -- our Crypto Pro Service alerted subscribers to the coming trend. GameStop came later, despite the media stories that "explain" the rally. See when the move began and the forecast that saw it beforehand.
Bitcoin’s big move began on February 8th: media reports were unanimous - the "driver" was Tesla's billion-dollar bet on the crypto. Now see the when the move really began, and the forecast that saw it beforehand.
On February 3, Ethereum soared above $1,500 for the first time ever. The search for what caused the crypto's surge stopped at the foot of the gone viral GameStop fiasco. Why not? Well, because the GameStop "price war" began in mid-January. Ethereum's rally was sooner!
U.S. dollar sentiment is so pessimistic that some observers are asking if the greenback will "collapse." Deep-pocketed trend-followers are placing big bets against the buck. However, investors may want to declare their independence from the "dump the dollar" crowd. Here's why.
In this clip from an interview (recorded Jan. 22) with the Chief Editor of FX Explained, Steve Miley, EWI's Senior Currency Strategist Jim Martens walks viewers through his big-picture Elliott wave outlook U.S. Dollar Index. You'll see its "mirrored" relationship with EURUSD and the key price levels Jim is watching to confirm or deny his forecast.
By mainstream logic, dovish comments by Australia's central back should have crushed New Zealand’s Dollar. But the Kiwi began a powerful rally. Now see the forecast that got it right.