Gregor Horvat

Elliot Wave Technical Analyst

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

He is the owner of, 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 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.


The 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:,, 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, 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.


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


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


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


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


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


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


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


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


Elliott wave Analysis: USDSGD and USDZAR Are Looking Bullish For 2019

Here on the daily chart of USDSGD and USDZAR we can see that the USD dollar can gain more bullish price activity against the Singapore dollar, and the South African rand. On both pairs we can see that price has recently been trading in a temporary pullback from the highs, which has in 2019 come … Continued


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


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


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


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


Power Ledger Is Breaking Higher – Elliott wave Crypto Analysis

As expected, Power Ledger is nicely breaking higher, so it should be bullish confirmed now. It can be trading within wave 3 and looking at the daily chart, there’s room for more upside towards 0.15-0.17 area. POWRUSD, Daily On the 4-hour chart we can see a five-wave rally into a blue wave »i« of a … Continued


Elliott wave Analysis: Crude oil and EURGBP Update

On energy we see price recovering in an impulsive manner, ideally unfolding a bigger three-wave reversal. With current rally from the 42.46 level comes an indication that a low had been put in place for a former higher degree wave A and that a bigger black wave B correction can be in the making. In … Continued


Elliott wave Analysis: GBPUSD and Crude oil Intra-day View

GBPUSD made a five-wave rally from the 1.240 level, and ended it with an EW ending diagonal at the 1.28 level. Current intra-day drop that we see from the highs, can be part of an unfolding a-b-c correction, which can look for support and a bounce near the 1.261/1.255 region. GBPUSD, 1h Crude oil can … Continued


USDJPY and Crude oil Update

Hi traders, Stocks have seen another leg down yesterday during the US session so it’s not a surprise that Nikkei keeps moving lower which makes JPY very strong in this risk-off environment with lower Yields/ higher notes. Notice that USDJPY made only a three wave rally from recent low so pair remains bearish and looks … Continued


USDCHF Aims Higher and Crude OIL Points Lower

Hi traders, USDCHF is currently recovering from the 0.9861 region, giving us an idea of a possibly completed three-wave correction within wave 2, which points to more upside. If that is the case, then a bullish continuation may now be in play, which can break above the 1.0006 bullish level and above the upper channel … Continued


Elliott Wave Analysis: Bears On AUDUSD Aiming for 0.6900/0.6800 Area

AUDUSD has been trading bearish for 2018 and by the looks of it, price can be unfolding a big, bearish impulse, down from 0.814 area. An impulse is a five-wave development which tells us where the trend is going, and in our case we see it going lower. We specifically see price at the start … Continued


Germam DAX and NZDJPY

Hi traders, German DAX can be unfolding a bigger, overlapping decline down from 11692 level, which we see it as a EW ending diagonal. A EW ending diagonal is a powerful reversal pattern, that consists out of five waves, and each of them has three sub-waves. That said, at the moment we see price unfolding … Continued


Crude OIL and EURJPY Intra-day Develoments

Hello traders, No bullish evidences on Crude oil yet. That said, seems like Crude oil still can see new lows below 50 area, but carefully because it’s the final wave 5 of 5), so bounce may occur anytime. Watch out for spikes as well. However, as long as Crude oil keeps trading within bearish Elliott … Continued


Elliott wave Analysis: EURGBP and GBPJPY

Hi traders, EURGBP made a sharp rally recently, away from 0.865 level which was quite expected, as we were tracking final stages of a bigger corrective wave B). This recovery we now labelled as wave 1 of a bigger bullish rally, which looks to have found a top and resistance at the 0.894 level, from … Continued


Elliott wave Analysis: EURUSD and BTCUSD Update

EURUSD looks as it has ended its complex decline, down from September highs as we see all three waves W,X,Y unfolded. Also price made a recovery at the 1.122 level, indicating that wave Y found a low, and that a minimum three-wave reversal to the upside is now in play. In such case, we would … Continued


Elliott wave Analysis: S&P500 and EURJPY Update

Stocks rallied yesterday, which has been technically expected as we see E-mini SP500 futures moving down into fifth wave of decline with a wedge shape. This pattern was broken to the upside, so market is now in a three wave corrective bounce. It’s a temporary recovery that can be slowed down at 2755-2770 area, but … Continued


Bitcoin Cash and Ripple Can Face A Reversal – Elliott wave Analysis

Bitcoin Cash made an impulsive rally, but still can be a part of a three-wave a-b-c regular 3-3-5 correction. We still think that Bulls are not ready yet, especially because of a bearish looking BTC and friends, so we assume that BCHUSD can be making just a bigger flat correction in wave 4 of a … Continued


Elliott wave Analysis: AUDUSD In A Bearish Trend

AUDUSD is reversing higher for the last two weeks, moving into a new corrective recovery which can be wave four of a higher degree. Fourth waves can retrace back to the area of a former wave four which in our case is at 0.7451, so there is room for more upside this month. AUDUSD, Daily … Continued


EURUSD Recovering for A Pullback, while DAX Looks Towards New Lows

EURUSD made a five-wave decline from the 1.163 highs which we labelled as end of a bigger correction of wave B/2. Current five-wave drop can now be part of an ucpoming bearish continuation within wave C/3, with current rally being recognized as a possible three-wave correction. This correction can be a simple a-b-c one, with … Continued


EURUSD and GBPUSD In A Temporary Consolidation

EURUSD can be counted in five waves from 1.1430 low so more upside can be coming after a three wave set-back which is still underway. Ideally there will be an a-b-c set-back into 1.1500 area where bounce may show up this week. EURUSD, 1h GBPUSD saw a sell-off recently, so a new corrective set-back is … Continued


German DAX, USDJPY and 10 Year US Notes

We have seen a real crash yesterday during the US session, which caused a drop of global indices across the globe. We see some fear spreading, which may cause even more selling in upcoming sessions. German DAX is making a bearish impulse, now slowing down around 11500 which can be a temporary low of wave … Continued


USDCAD Eyeing More Upside – Elliott Wave Analysis

On USDCAD we identified a completed Elliott wave leading diagonal within higher degree wave 1 that sent price down into a wave 2 correction. This correction can be ending near the 1.28 area, where the lower channel lines sits and Fibonacci ratio of 50.0 is. All being said, a rally in impulsive fashion towards the … Continued


USDJPY Trading in A Bigger Correction – Elliott Wave Analysis

On the daily chart of USDJPY we see price unraveling a part of a bigger, complex correction, known as an Elliott wave triangle pattern. A EW triangle is a five-legged pattern, which moves sideways and can be contracting or expanding. In our case we see it contracting, and currently unfolding leg D with its three-wave … Continued


Elliott wave Analysis: German DAX and GBPUSD

Hi traders, German DAX is unfolding a three-wave pullback down from the 12450 highs, which can be labelled as a higher degree wave B). We see currently sub-wave C of B) in play which can look for support near the 12170/12100 region. A later rally in impulsive fashion would indicate a bullish turn and more … Continued


USDCHF and AUDJPY Looking Lower

USDCHF is unraveling a beautiful bearish impulse from the highs, with current recovery representing wave iv) correction. This wave iv) can unfold as a double zig-zag pattern, which can later look for resistance near the Fibonacci ratio of 38.2 or higher, at the 0.9889 level, where former swing high can have the same effect, a … Continued


NZDUSD and S&P500 Update

Hi traders, NZDUSD is slowly turning to the upside, suggesting that a higher degree wave 3 found its low and a new temporary three-wave correction is in play. As such we are observing current intra-day impulse as sub-wave a of 4 that can look for resistance and a temporary drop into sub-wave b near the … Continued


AUDJPY and NZDJPY, Both Looking Lower

AUDJPY is still trading choppy, overlapping and slow, indicating that a triangle correction can be in play on the pair. We specifically see leg d of this triangle, which can look for support and a bounce into final leg e around the 82.110 zone. That said, a later breach below the 81.93 level would confirm … Continued


Elliott wave Video Analysis: GBPJPY and EURUSD

GBPJPY has been trading choppy and overlapping in a higher degree wave 4 in June and found a top In July, at the 149.31 to be specific. We can see that price dropped nicely from the highs, which gave us thinking maybe a new drop in five-waves can be in play for the pair. If … Continued


Elliott wave Analysis: GBPJPY and GBPUSD Update

Hello traders, GBPJPY can be trading at the end of a bigger, flat correction which started unfolding at the end of July. We see first and second waves a) and b) completed, so current turn up from the 145.1 area can be final wave c) with its five-wave rally. This five-wave rally can look for … Continued


Elliott wave Analysis: EURUSD, GBPUSD and AUDUSD Look Beautiful

Good morning traders, All three of the pairs, EURUSD, AUDUSD and GBPUSD look great and are easy to count. On GBPUSD we see a five-wave drop in play down from 1.3213 area which is a trait of a bearish impulse, and which suggest where the intra-day trend can be going. We see it going bearish, … Continued


ZeroX Is Ready For A Bullish Run

ZeroX can be approaching the end of a big bullish triangle correction. Hello everybody! Cryptocurrencies are becoming more and more interesting after a long correction in 2018, which can be approaching the end soon. There are many interesting cryptocurrencies, but we decided to share ZeroX against Bitcoin (ZRXBTC). Why against BTC? Well, there are no … Continued


Basic Attention Token and Stellar are forming a bullish triangle pattern

We noticed that some of cryptocurrencies can be completing a big bullish triangle pattern. In 2017, we have seen sharp and impulsive rise in the whole Crypto market, but later in the beginning of 2018 cryptocurrencies began to fall and we noticed that some of them can be approaching the end of a correction soon. … Continued


EURCAD and GBPCAD – Elliott Wave analysis

Hi traders, As expected, EURCAD turned nicely lower from projected resistance level after a three-wave a-b-c recovery, so be aware of more weakness, while it’s trading below 1.5584 invalidation level, especially if price breaks beneath channel support line and 1.5320 level. EURCAD, 1h Just like EURCAD, even GBPCAD points lower as expected, so Canadian Dollar … Continued


Elliott wave Analysis: Temporary Pullback on OIL Points Above 76.00

Hi traders, Crude oil is unfolding a five-wave recovery from June lows which are characteristics of an impulse, with current turn lower unfolding a temporary correction. We specifically see price making a contracting pattern from 75.23 swing high which in Elliott wave theory resembles a EW triangle correction, a slow and sideways price activity within … Continued


Crude oil and Gold

Crude oil is unfolding a clear, five-wave recovery from June lows which are characteristic of an impulse. We specifically see price at the end of wave 3) which is already showing signs of a completion at 75.23 level, from where a new intra-day drop followed yesterday. This dip to 72.60 can be wave A as … Continued


Bears Taking over EURUSD – Elliott wave Analysis

EURUSD has made a sharp drop in three waves from February highs which was expected, as we were tracking final stages of a bigger, bullish five-wave development as wave C. Wave C represents a final leg within a three-wave movement, meaning a change in trend can follow; also price unfolded five legs within wave C, … Continued


CADJPY Could Face A Sharp Drop Soon

CADJPY has five waves down and three waves up, which is an ideal pattern for a bearish set-up. At the end of May, we have seen a sharp and impulsive drop with five waves and as we know after every five waves, a three-wave correction follows. As you can see, a three-wave A-B-C correction can … Continued