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USDCAD: Elliott Wave Useful, Even When Wrong
USDCAD bulls must be having a good time. The pair has been adding pips faster than a speed train in the last three trading weeks, climbing from 1.3080 on December 14th to almost 1.3600 as of today....
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GBPJPY a Slave to an Elliott Wave Pattern
On December 15th GBPJPY climbed to 148.45 – the culmination of a rally, dating back to October 7th, when the pair fell to as low as 122.64. Unfortunately, just when it seemed that the bulls are...
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AUDNZD Bears Weaker Than They Appear
If you have read our last ARTICLE about AUDNZD, you know we had a long-term bullish outlook on the pair two months ago. We still do. However, instead of up, the cross has been going down ever since...
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GBPUSD: How to Anticipate Fake Breakouts
We saw a lot of those so-called “fake breakouts” in GBPUSD during the last two weeks. On January 3rd, the pair fell to 1.2199, only a pip below the previous swing low of 1.2200, but just enough to...
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GBPNZD Aiming at 1.8000. Here is the Reason
GBPNZD almost reached 1.8000 a month ago, but the bulls ran out of fuel a fraction of a pip lower. Then the bears took the torch to drag the pair as low as 1.7212 as of today. However, instead of...
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GBPCAD Threatens to Kill Late Bears’ Profits
It has been over two and a half months since our last post about GBPCAD, called “Not the Time to Join the Bears in GBPCAD”. The title speaks for itself – while the pair was trading near 1.6290 on...
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Theresa May Only Did the Bulls’ Dirty Work
It has been a wild ride for GBPUSD this week. The pair initially opened with a huge gap to the downside, following Theresa May’s “Hard Brexit” comments, but then reversed to the north to climb from as...
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Trump Has Nothing to Do With USDJPY’s Reversal
Donald J. Trump officially sworn as the 45th president of the United States yesterday. And if the stock market remained relatively calm during the week of his inauguration, the USDJPY pair has been...
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Bitcoin Climbing the Wall of Worry Again
The first few days of 2017 made the growing Bitcoin society very excited. The price of the digital currency exceeded the $1000 mark and even managed to climb to $1140 on January 4th. Unfortunately,...
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Avoiding USDCAD’s Treacherous Traps
If you have been following USDCAD, you would agree that this week is nothing like last week. Between January 17th and 20th, the pair rocketed from as low as 1.3018 to as high as 1.3387. Just when it...
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AUDNZD Stubborn Bears Finally Surrender
On December 30th, 2016, we published “AUDNZD Bears Weaker Than They Appear.” At the time of writing of that article, while the pair was trading near 1.0380, we thought the bulls should soon return and...
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USDCAD’s Surprising Surge Explained
USDCAD closed at 1.3028 on Friday, February 3rd, continuing the decline from 1.3387, which began in mid-January. So, if you have been expecting more weakness this week, nobody can blame you. After...
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4 Lessons From Bitcoin’s Manic-Depressive Past
A vital lesson to learn from Bitcoin’s short, but violent history Bitcoin crashed. Again. Yesterday, the cryptocurrency fell from as high as $1075 to below $914, bringing back the memories from the...
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AUDNZD Accelerated Fast. Time to Rest?
AUDNZD bulls got their revenge after months under bearish oppression It has been just 15 days since the last time we wrote about AUDNZD. On February 6th, the pair was trading around 1.0480, but we...
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Euro Bulls Could Not Defy Gravity Forever
As the euro continues to lose momentum, here are the technical factors, which led to this The euro climbed to 1.0828 against the U.S. dollar on February 2nd, which was the culmination of a recovery...
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GBPUSD Before and After the Giveaway
GBPUSD regained negative bias at the start of February and has been losing ground ever since. After forming a top at 1.2706 a month ago, the pair fell to as low as 1.2214 at one moment today and is...
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Bitcoin Elliott Wave Outlook Ahead of the SEC
A month ago, on February 10th, we examined bitcoin’s tendency to extend the fifth waves of the impulse it draws. As of the time the article was published, the cryptocurrency was trading around $960,...
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Bitcoin ETF Rejected by the SEC? No Problem!
Last Friday, March 10th, the SEC rejected a proposed change in its rules that would have allowed the Winklevoss brothers to create the first Bitcoin ETF. Following the decision, the price of the...
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4 Pairs Before and After the Fed Rate Hike
Predicting the Fed rate hike is not the same as predicting the market’s reaction to it The benchmark interest rate of the Federal Reserve is now 1% after the central bank hiked by 25 basis points on...
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Pound Dollar Months Ahead of Brexit Talks
Or why having an Elliott Wave guide at hand is better than guessing the news GBPUSD has been moving sideways since the “Flash Crash” in early-October, 2016. During the next six months, the pound...
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