EURCAD on the Brink of a 700+-Pip Crash
The last time we wrote about EURCAD was on May 5th, 2016, while the pair was trading around 1.4660. In “EURCAD Elliott Wave Dissection” we thought a three-wave (A)-(B)-(C) zig-zag correction was in...
View ArticleUSDJPY Has No Respect For Bearish Opinions
USDJPY is having a good run recently. The pair started the week from 101.17, but quickly gained traction and is currently trading above 103.60. Despite the fact that it has been in a strong downtrend...
View ArticleUSDCAD Moves Like It Is Programmed
The week did not start well for USDCAD, which declined to 1.3139 on Monday, October 10th, but the bulls managed to regroup and pushed the pair back up to 1.3306 so far. It looks like the rate is going...
View ArticleEURGBP Still Has Plenty of Room to Rise
Our last post about EURGBP was published on August 23rd, while the pair was trading near 0.8600. There were two charts included in that material, showing two different counts, but in any case, we...
View ArticleAUDNZD’s Bull Party is About to Get Louder
AUDNZD was trading around 1.0460 on June 29th, when we published “AUDNZD to Throw a Surprise Bull Party”(see original article), where we shared our opinion, that, based on Elliott Wave analysis, we...
View ArticleNot the Time to Join the Bears in GBPCAD
The Pound Sterling has been the biggest loser among all other major currencies in 2016, so it no surprise it has falling sharply against the Canadian dollar, as well. GBPCAD was hovering close to...
View ArticleEURUSD’s Surge Did Not Come Out of Nowhere
EURUSD bulls must be pleased. The pair is trading in the vicinity of 1.1100 after rallying all the way up from 1.0850. On top of that, the recovery took less than seven trading days, so it must have...
View ArticleUSDJPY and the Sudden Bullslaughter
Last Friday, October 28th, USDJPY rose to a high of 105.53, but eventually closed the week at 104.71. The trend was clearly up since the end of September and Friday’s dip was probably embraced by the...
View ArticleUSDCHF Is Not The Pair to Buy Right Now
USDCHF was looking pretty good just two weeks ago, when it almost reached parity, climbing to as high as 0.9998 on October 25th. Unfortunately, the bulls must be very disappointed now, after the pair...
View ArticleUSDCHF Inspires a Better Idea Now
Just two days ago, on Monday, while USDCHF was trading around 0.9785, we published “USDCHF Is Not The Pair to Buy Right Now”, citing that it “could be expected to continue to the south from now on”....
View ArticleUSDCAD Elliott Wave Analysis and the U.S. Election
Just like virtually any other currency pair, USDCAD was subject to increased volatility after the U.S. election results came out. The rate registered a low of 1.3263, but swiftly climbed to 1.3524,...
View ArticleOne Big Problem with USDCNH’s Uptrend
The U.S. dollar has been in a strong uptrend against the Chinese Yuan since mid-January, 2014. In less than three years, USDCNH climbed from 6.0150 all the way up to 6.8494 so far. After such a...
View ArticleStaying Ahead of the U.S. Election in EURUSD
Donald Trump is going to be the 45th president of the United States. Most people outside of the U.S, including us at EWM Interactive, did not expect him to win. The preliminary polls suggested Clinton...
View ArticleRiding GBPJPY’s Post-Election Rally
GBPJPY bulls must be very pleased with what November brought them. The pair has been steadily rising since the U.S. election, which caused a decline to 126.70. Nine days later, today GBPJPY climbed to...
View ArticleCHFJPY Approaching Fibonacci Resistance
It has been over five months since CHFJPY began recovering from as low as 101.74 in June. During this time, the pair managed to gain over 1000 pips and is currently trading slightly above 111.00. This...
View ArticleNZDUSD Seven Trading Days Later
Last Monday, November 21st, while NZDUSD was trading around 0.7020, we published an article called “NZDUSD Poised for a Corrective Recovery”. In our opinion, based on Elliott Wave analysis, the pair...
View ArticleBitcoin Bulls Seem to Be Getting Tired
The last time we wrote about Bitcoin was on August 1st, 2016. The cryptocurrency was trading at $620 back then, after a decline from as high as $779 in June. Over four months ago, in the article...
View ArticleEURUSD Days and Hours Ahead of ECB and Draghi
The ECB yesterday announced that it will continue with its aggressive asset-buying program, although the pace of the purchases will be reduced starting April, 2017. In response to the news, EURUSD...
View ArticleEURUSD Anticipates, the Fed Follows
EURUSD fell below 1.04 for the first time in 14 years, after the Federal Reserve raised rates by 25 basis points from 0.50% to 0.75% on Wednesday. The Fed’s move was highly anticipated and so was the...
View ArticleGBPUSD and the Unreliable Trend Line
GBPUSD is back in bearish mode after it fell to as low as 1.2245 today. That is 530 pips below the high of 1.2774 reached two weeks ago. While most people would say the Fed’s decision to raise rates...
View Article