Author

Gregor Horvat

Elliot Wave Technical Analyst

https://www.ew-forecast.com/

Gregor Horvat is based in Slovenia and has been in the Forex market since 2003. He has been working for Capital Forex Group and TheLFB.com.

He is the owner of www.ew-forecast.com, which provides technical analysis of the financial markets, highlighting behavioural patterns based on the Elliott Wave Principle (EWP).

His approach to the markets is mainly technical. He uses a lot of different methods when analysing the markets such as candlestick patterns, MA, technical indicators etc. His specialty however is Elliott Wave Theory which could be very helpful especially if you know how to use it in combination with other tools/indicators. With EW-forecast he won the award on FXStreet.com for Best Forex Analysis in 2016.

EWP provides a method for identifying price points at which a market is most likely to turn. Knowing the probable swing and reversal points provides confirmation of where investors could enter and exit positions for the highest probability of success.

EW-Forecast

The EW-Forecast.com was founded in 2010 and provides daily technical analysis, with written commentary. We educate our members with video (also webinars) and chart analysis during the week, where we look at different Forex pairs from EURUSD, GBPUSD to different commodities such as gold, and silver, and on different time frames (from weekly to intra-day ones). To make things easier we have a chat room, where our members can share different ideas, and chart interpretations.

We help clients and educate them about the Elliott Wave principle and how to label and track unfolding patterns in real time.

(For members giving our insight for trade opportunities)

Gregor also do technical analysis on the crypto market, from BTCUSD, ETHUSD to Bitcoin cash.

Gregor writes different articles on various websites, where you can find a glimpse at what he does. These websites include: FX.street.com, investing.com, insidefutures, fxexplained obviously, forexcrunch, onestopbrokers, talkmarkets, tradingview etc. Grega also does webinars as stated above, for different websites.

Other Current Positions

Grega is also working alongside various experts at the  www.forexanalytix.com, where the team shares different technical and trading approaches to the market. They also do every day webinars, where you can see experts giving their take during the live market.


Intermediate

USD index In A Bullish Run – Elliott wave analysis

Hello traders, todays article is about USD Index and its daily time frame. On the daily chart of USD Index we see price trading within a higher degree wave C) up from 94.68 level, as part of a bigger, A-B-C move. We know that wave C) is also an impulse, therefore a five-wave recovery can … Continued

Intermediate

USD Index Looking Bullish

A three-wave flat correction looks completed on the USD index, which means more upside is expected to occur in upcoming days. But like always, there will be pullbacks on the way up, and it may occur from around 100 psychological mark. USD Index, daily On the 4h charts, USD index may have found a top … Continued

Intermediate

EW Analysis: Bitcoin Can Be Finishing A Five-Wave Cycle

BITCOIN (BTCUSD) is approaching very important and psychological 10k target area and what is very interesting is that from the Elliott wave perspective, it is clearly finishing five waves up, which means that we have to be aware of limited upside and a potential bearish reversal into a deeper and a higher degree correction. The … Continued

Intermediate

10 Year US Notes Points Higher – Elliott wave analysis

10 year US Notes is clearly bullish, unfolding a five-wave move from October of 2018 lows. We see a possibly completed wave (4) at the 127’30 level, from where price started recovering again. We also see a break above the upper channel line, (connected from 132’14 high) which is an indication of a completed correction, … Continued

Intermediate

USDJPY Seeking Lower prices Near-term – Elliott wave analysis

Hello traders, today’s focus will be on the USDJPY, its daily and 4h view. Let’s dig in! USDJPY is trading in a bigger triangle correction on the daily chart and is ending a leg D with its three sub-waves. We see a possibly completed sub-wave C) of D near the 110.3 region, from where price … Continued

Intermediate

Crude Oil Is Bearish Near-term – Elliott wave analysis

Crude oil can be unfolding a big triangle correction in wave B, with price now specifically unfolding sub-wave D. Once all five legs: A-B-C-D and E fully develop, that is when a new impulse lower as wave C may follow. Crude oil, daily #1 On count #2 we are observing a three-wave A-B-C move in … Continued

Intermediate

USDJPY and USDMXN Update – Elliott wave analysis

Good morning traders, and welcome to the intra-day morning updates. Let us start with USDJPY where we see a completed four-wave move to the upside, and latest intra-day rally from the 109.21 level as final move higher as wave 5). We can see that wave 4) had faced nice support right at the former wave … Continued

Intermediate

BITCOIN Is Still Dominating In The Crypto Market

Hello traders,today we will talk about overall Crypto market and its Dominance. BITCOIN and most of the ALTcoins have seen a deeper decline in the last couple of months, mainly because BTC have been losing its dominance. But, after that strong BTCUSD bounce, seems like BTC Dominance is back, especially if we take a look … Continued

Intermediate

German DAX is Storming Higher

Hello traders, German DAX is turning bullish and it may see a lot more upside from here if we consider that recent sharp set-back to 11880 might have been sub-wave two. If that is the case, then sub-wave 3 of a bigger cycle can now take price even higher. German DAX, Daily Now, on the … Continued

Will Risk-off Continue? Elliott Wave on GOLD and SP500

Gold and silver are moving higher after another weak US data; weakest ISM non-manufacturing report in 3 years! We see them breaking to the high of the day, but it can be fifth wave moving into Elliott Wave channel resistance so market may start slowing down in the very near term, but only for a … Continued

Intermediate

S&P500, German DAX and USDNOK Intra-day Updates

E-mini SP500 futures are slightly turning down at the start of the US sessions, but may not be nothing exciting ahead of the FOMC decisions when real bears may show up if our technical view is correct. German Dax can be in similar path. S&P500, 1h German DAX, 1h USDNOK remains trapped in consolidation; looking … Continued

Intermediate

AUDJPY and USDTRY Elliott Wave Analysis

AUDJPY can be trading in a sharp three-wave reversal, with current wave c/iii trading higher from the 71.06 area, where former corrective wave b/ii found support. Wave c/iii is an impulse and can now target 73.0 area with a five-legged move. AUDJPY, 1h USDTRY is moving lower into a projected support near 5.65/5.55 region, after … Continued

Intermediate

Crude OIL – Triangle Pattern on Energy Points Lower!

Hello fellow traders, A bigger triangle as part of a three-wave A-B-C reversal can be unfolding on crude oil in wave B. Now we are tracking final stages of a triangle, so be aware of a drop once final leg E of a triangle fully shows up. A drop below the lower triangle line would … Continued

Intermediate

AUDNZD and EURNZD Both Stopping for A Pullback!

AUDNZD unfolded five legs within wave a, which can be part of a bigger, bullish reversal. Completed five legs within a trend indicate a three-wave retracement to follow, which is already the case on AUDNZD; an a)-b)-c) pullback to around 1.043/1.039 region, where bulls may again take over. A later rise in impulsive fashion would … Continued

Intermediate

60.0 Region Can be Seen on NZDJPY

Hello fellow traders, NZDJPY recently broke below the recent swing low of wave D of a bigger triangle correction, which now suggests a completed triangle, and a bearish continuation. If that is the case, then a five-wave drop may follow into a higher degree wave C), targeting 60.0 region. NZDJPY, Weekly On the 4h chart … Continued

Intermediate

BTCUSD and EURNZD – Both Bullish! (Elliott Wave)

BTCUSD is recovering in a five-wave manner up from the 9200 region, where a higher degree correction had found a base. We see a clear recovery underway, which can now be stopping for a temporary correction as wave (iv), which can be either a flat or a triangle. Once wave (iv) fully develops, that is … Continued

Intermediate

Elliott wave Analysis: GBPUSD On A Bearish Ride

Hello fellow traders! GBPUSD is looking bearish and can now be unfolding final stages of a sub-wave 3) of blue wave 1. We are observing minor leg 5 of 3) in progress, with possible support, and a turn into a corrective wave 4) around the Fibonacci ratio of 261.8 (1.235/1.223 region). GBPUSD, Daily On the … Continued

Intermediate

Elliott Wave Analysis: Metals Turning Bearish!

Metals are approaching resistance areas, so be aware of a fifth wave ending soon on some of them; Gold and platinum, while copper may have already found a top, so its current recovery can be a minor corrective pause. We are observing copper in a new, bearish cycle, down from 2.7600 level where a previous … Continued

Intermediate

Elliott Wave Analysis: AUDUSD and NZDUSD Looking Bullish!

Good day fellow traders! AUDUSD is recovering sharply from the 0.683 level, where a low for sub-wave c of Y had been found. Current sharp rally can now be part of a minimum three-wave recovery, that can take price towards, and beyond the 0.702 bullish level. We labelled first wave a/i in progress, which can … Continued

Intermediate

Elliott Wave Analysis: AUDJPY And NZDJPY Going Bullish Berserk!

Hello traders! AUDJPY is recovering, now unraveling sub-wave iii) as part of a higher degree impulse (iii). Wave three is the strongest and sharpest wave, so be aware of more upside, while price keeps trading above the 74.65 invalidation level. That said, now we see sub-wave iv unfolding, so a temporary setback may be in … Continued

Intermediate

Elliott Wave Analysis: EURUSD and GBPJPY Are Aiming Higher!

EURUSD is trading in a bullish trend, up from 1.118 level, where a higher degree wave 2 correction had found a base. We labelled a five-wave impulsive movement in progress, with price now trading at the end of a sub-wave v) of one. Once we get five minor legs within the wave v) of one, … Continued

Intermediate

Nasdaq Points Up; USDTRY Getting Ready For More Weakness

NASDAQ should remain in uptrend, because we don’t see a completed five-wave cycle yet, so current three-wave decline can be only part of a corrective wave iv that can find support ideally around previous wave iii) swing high and 7600 – 7595 levels and from where may see a continuation higher for wave v of … Continued

Intermediate

CADJPY, GBPUSD and NZDUSD Point Higher!

As stocks move to the upside, our attention is on CADJPY as this pair shows a nice bullish development with room for more upside after any short-term set-back of wave 3 or even maybe wave 2). More upside should follow this week. CADJPY, 4h Cable came nicely to the downside, beneath wave a level for … Continued

Intermediate

Elliott Wave Analysis: Ripple Doesn’t Show Any Bullish Signs, Yet!

Hello everybody! Ripple is trading sideways for a long time despite bullish turn on many major cryptocurrencies, so we still think that the bottom is not in place yet, especially because of Ripple logarithmic scale chart, which has the same wave structure as it had BTC last year! However, we are observing a big bearish … Continued

Intermediate

Elliott wave Analysis: Crude Oil and S&P500 Intra-day Updates

Good day traders, Crude oil is dropping in impulsive fashion, now ideally unfolding final stages as part of a bigger, bearish cycle, labelled as wave 5). We see price already dipping, approaching the end of leg 5 of 5), which can look for support, and a bullish reversal near the 54.50/54.0 region. A later rally … Continued

Intermediate

Elliott wave Analysis: GBPJPY and AUDJPY Can Both Turn Higher

GBPJPY is recovering, ideally in a five-wave manner, with price currently unfolding a corrective wave iv. This pullback can look for support, and a final bounce into the final wave v) around the Fibonacci ratio of 23.6 and 38.2 (145.4/145.22 region), and area where we see the upper base channel line. A rally in impulsive … Continued

Intermediate

EURUSD and USD Index Intra-day Movement – Elliott wave Analysis

EURUSD is sharply dropping, down from 1.122 swing high which can be labelled as a sub-wave 5 of one, with possible support region around the 1.1180 region (Fibonacci ratios of 423.6 and 138.2 can react as support), from where a temporary three-wave pullback may follow. A sharp rally from the lows would be an indication … Continued

Intermediate

Elliott wave Analysis: CADJPY and EURUSD Intra-day Movement

Hi traders, CADJPY can be unfolding five waves up, but we still see an unfinished, big five-wave rally, so seems like pair just slowed down into wave 4, where ideal support would be here around 38,2% Fibo. retracement and 83.15 level. If it continues higher back above 83.65 region, then price can go towards 84.50 … Continued

Intermediate

Elliott wave Analysis: S&P500 and USDTRY Looking Higher

Hi traders, S&P500 is trading beautifully from the 2786 lows, ideally in a five-wave recovery with wave 3 trading near completion. As we can see sub-wave v of 3 just approached the potential resistance area at 2890 level, where we see measurement of equality of blue waves one and five. That being said, be aware … Continued

Intermediate

Elliott wave Analysis: GBPUSD and EURNZD Update

Hi traders, Cable is still looking higher towards new highs back to 1.3400 – 1.3500 area and we can see a small bullish setup in the smaller time frame that can test 1.3100 support area before a continuation higher. However, this may get even more complex, but as long as price is trading above 1.2980, … Continued

Intermediate

EW Update: GBPUSD Can Retest 1.3400 To Put In A Top Of A Wedge

GBPUSD can be trading in an EW ending diagonal within higher degree wave C, with recent turn down representing corrective sub-wave 4), that looks to have found support at the lower EW trend line. Current rally that we see is part of wave 5) which must be structured by three sub-waves in order to complete … Continued

Intermediate

ETPUSD Unraveling A New Rise; 0.8800 Minimum Target in View

Hello traders, Today’s article is for ETPUSD also known as Metaverse ETP. On ETPUSD we can see a nice bullish recovery in play, up from 0.3003 level, which can be making a three-legged, or five-legged move. We already see a five-wave completed rally within wave (A)/(1), which was later then followed by a temporary pullback … Continued

Intermediate

Elliott wave Analysis: USDSGD and EURUSD Update

USDSGD made a big, bullish recovery at the end of 2017, and in 2018. We can see that price found a top for this five-wave rally near the 1.3900 region, from where a new impulsive (five-wave) structure has followed. We labelled it as wave A, which can now be followed by a temporary pullback as … Continued

Intermediate

Elliott wave Analysis: Silver and USDCHF Update

Today’s article is about silver and the USDCHF pair. Both are trading in a correction, which means both can see more weakness as we are in a bearish trend. Silver is nicely dropping within an impulsive move (five legs in the direction of a trend) and can also be trading at the beginning of a … Continued

Intermediate

USDJPY Breaking out of a Triangle, EURAUD Looking Bullish

Hi traders, USDJPY is nicely breaking above the 111.07 level, showing early evidences of a completed triangle correction in wave 4 of a higher degree, and that wave 5) is in progress. In such case be aware of more gains, ideally in impulsive (five-wave) fashion, targeting 111.4/111.50 area, where triangle measurement projects end of a … Continued

Intermediate

Elliott wave Analysis: GBPUSD and USDJPY

Hello traders today let’s take a look at GBPUSD and USDJPY pairs. GBPUSD made a nice five-wave drop from the 1.321 level, which is a sign of a completed higher degree wave C, and that a new bearish cycle is in play. We know that after a five-wave price development fully unfolds, a three-wave correction … Continued

Intermediate

Elliott wave Analysis: USDNOK and USDTRY

USDNOK unfolded a bigger five-wave rally from start of 2018, and unraveled a bigger wave 1, that found a top at the upper Elliott wave channel line. The sharp reversal that followed from the upper channel line can now be labelled as wave A), first leg that can be part of a bigger three-wave retracement, … Continued

Intermediate

Elliott wave Analysis: AUDUSD and NZDUSD Intra-day Update

Commodity currencies are making some pullback against the USD, except AUDUSD where we see pair higher after RBA Rate Statement (1.5%), Retail Sales (-0.4% vs 0.0%) and Trade Balance (3.68B vs 2.25B) figures. Technically speaking, there is room for 0.7300/0.7340 area while pair is above 0.7175. AUDUSD, 1h NZDUSD may also still see more gains, … Continued

Intermediate

Elliott wave Analysis: GBPNZD and AUDUSD Update

GBPNZD is making a nice run, but so far only in three leg up from December low, currently in wave C with subwave five here in progress, so a top may not be far away. However, there is still room for 1.9500, so it’s very important to wait on a bearish impulsive turn before we … Continued