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EURAUD to the Target and Beyond
It was March 23rd, when “EURAUD Could Be Aiming At 1.51” was published. The purpose of that article was to determine which one of the two extremes – 1.4465 or 1.5085 – was more likely to be broken...
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GBPUSD and Trustworthy Elliott Wave
GBPUSD is taking a hit this week, falling from 1.4220 at the start to as low as 1.4005 on Wednesday. This performance is in total contrast with what we saw the previous week, when the bulls managed to...
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Decoding EURUSD With Elliott Wave
EURUSD initially fell to 1.1326 last week, but then managed to return stronger and climb to 1.1453. There has been plenty of news during the last five trading days. From U.S. trade balance, through...
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Anticipating Major Reversals in EURUSD
The EURUSD currency pair climb as high as 1.1464 on Tuesday, April 12th, but the bulls quickly ran out of fuel, which led to a sharp sell-off of more than 230 pips to 1.1233 so far. Experienced...
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USDJPY: Importance of Invalidation Levels
USDJPY started this week in the same tone as it finished the previous one. Last Friday, April 15th, the pair touched 109.73 only to close the day at 108.71. But on Monday things got even worse for the...
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NZDUSD to Fall Off a Cliff?
NZDUSD exceeded the 0.7000 mark last week. The pair has been recovering for the last four months, which led it to 0.7053. It has been a good run for the bulls, but there are signs, which show the...
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AUDUSD Ahead of the RBA Decision
AUDUSD was flying above 0.7830 just two weeks ago. On April 21st the pair rose to 0.7834 and everything was looking as if sky was the limit for the bulls. Today, May 4th, AUDUSD plunged to 0.7460 so...
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EURGBP Strength Could Be Deceptive
ECB’s policy decision produced fireworks in EURGBP on Thursday. The pair initially fell to 0.7651, but then rose sharply to 0.7848. Trouble is, this gives us no clue about what to expect from the pair...
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GBPUSD a Week Ahead of the News
It has been an interesting week in the FOREX market. The most violent price movements were in the Euro pairs, following ECB’s policy statement, but GBPUSD received its share of volatility as well. The...
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GBPJPY Is Sending a Bullish Message
GBPJPY bottomed at 154.70 on February 24th and managed to recover to 164.10, when the bears returned. The pair is currently trading slightly above 160.10, but what could we expect from now on? Is this...
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USDJPY Three Days Ahead of the FED
USDJPY just fell below the 111.00 mark. To be more precise, the pair slumped to 110.66. And while the majority would inevitably blame the Federal Reserve’s policy statement for the dollar’s weakness,...
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Did Brexit Fears Cause GBPUSD’s Plunge?
What a surprising week this is for GBPUSD. Less than five trading days ago, on March 18th, the pair was flying above 1.4510 and just look how fast things change – today it plunged to 1.4056 so far....
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NZDUSD Two and a Half Months Later
It has been nearly two and a half months since we published “NZDUSD Getting Ready to Launch?”. On January 18th, 2016, the New Zealand dollar was trading around 0.6460 against the U.S. dollar. The pair...
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EURCAD Elliott Wave Dissection
EURCAD was flying above 1.6100 in January this year. A little over 4 months later – in the end of April – the pair almost completed a 20-figure crash, when it fell to 1.4180. EURCAD is currently...
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GBPUSD and the Art of Reversal Prediction
GBPUSD climbed to 1.4770 at the start of last week, but quickly lost momentum, allowing the bears to take the wheel and sink the pair to 1.4414 on Friday, May 6th. The rate has been in an uptrend...
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USDCHF Ready to Skyrocket?
USDCHF climbed to 1.0328 in late-November, 2015, but lost almost 9 figures by the beginning of May, 2016. Nevertheless, the pair managed to find support at 0.9444 and has been rising since. With the...
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USDJPY 20 Days After the Forecast
USDJPY fell to as low as 105.54 on May 3rd and just when the picture was beginning to look more and more negative, the bulls decided they have had enough and came back to lift the pair to 110.58 so...
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GBPJPY Ready to Break the Consolidation?
GBPJPY has been moving sideways between 151.65 and 164.10 for more than three months now, which has probably made trading this pair extremely difficult. Just when you thought you finally know where...
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Three in a Row in EURUSD
EURUSD climbed as high as 1.1616 in the beginning of the month, but the bulls could not keep up the positive momentum, allowing the bears to take the rate down to as low as 1.1098 so far. The price...
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GBPUSD Faces a Major Obstacle
It has been a rough week for the GBPUSD. Just as it seemed the pair was going to approach the previous multi-month high at 1.4770, the bears ran out of patience and caused a plunge to 1.4385 so far....
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