Author

Gregor Horvat

Elliot Wave Technical Analyst
https://www.ew-forecast.com/

Gregor Horvat is based in Slovenia (Central Europe) and has been active in the Forex market since 2003. He is a technical analyst and individual trader who also provides articles and trade plans based on the Fibonacci and Elliot Wave principles.

He mostly focuses on currencies, oil, gold, and the U.S. stock market.

He has worked for Capital Forex Group and TheLFB.com, whilst his feature articles have been published online across numerous industry websites.

Gregor Horvat is the founder of forex services on www.ew-forecast.com.

EW-Forecast.com provides technical analysis of the financial markets, highlighting behavioural patterns based on the Elliott Wave Principle (EWP). 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.


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