GBPUSD is making a new higher degree bullish impulse from the lows, where a higher degree three-wave pullback found its 1.3710 support. That said, we now see a new five-wave rally in the making, which can already be an indicator for more upside. As you know, a turn in impulsive fashion can suggest a temporary … Continued
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.
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.
Hello traders and welcome to our USDCHF, daily and 4h overview. Firstly, let’s get over the daily chart, where we see swiss strongly taking price lower, ideally as you can see into red wave C), final wave of a bigger complex correction. Wave C) is part of a three-wave decline, and is an impulsive wave, … Continued
Hello traders and welcome to another update, where we will cover German dax and EURUSD, and their intra-day looks. First, let’s focus on the stock market, where we see price being strongly bearish. We see a strong bearish drop, following a completed bigger triangle correction that found its resistance near the 12400 area. Current drop … Continued
Crude oil is unfolding a nice and strong recovery from the 60.14 level where corrective wave 2 found a base. Current rally can so be labelled as black wave 3 of three, which is usually the strongest wave and can in our case take price towards the 65.00-65.80 area. From the mentioned region, a new … Continued
EURUSD made a nice bounce from 1.2256 level, where looks like corrective wave ii) found support. As such a new five-wave recovery can follow in sessions ahead and unfold red wave iii). A breach above the 1.2336 level would confirm a bullish continuation. EURUSD, 1H USDCAD made a bearish dip recently, from current highs, which … Continued
Good morning traders! A lot of JPY cross pairs moved lower in the last 24-48 hours, probably because of higher 10 year US notes prices/lower yields after recent push out of an ending diagonal here on 1h chart of 10 year futures. 10 Year Us Notes, 1h What we see are also higher German bunds, … Continued
I personally like USDMXN and its hourly structure, where I see a completed EW leading diagonal down from 18.9788 level, followed by a possible three-wave retracement that can see limited upside and a reversal near the 18.6825 level. USDMXN, 1H An ending diagonal is a powerfull reversal pattern. structure is 3-3-3-3-3 a wedge shape within … Continued
Today markets are going to be interesting and volatile as we are awaiting ECB rate decision and press conference and then BOC Gov Poloz speech. Technically speaking, dollar remains mixed, really unclear direction on AUDUSD, USDCHF and GBPUSD, while we see some kind of a clear bullish structure on EURUSD pair, while USDCAD is pointing … Continued
10 year US notes can be trading at the end of a higher degree wave III. Specifically we see price unfolding an overlapping price movement within sub-wave 5 of three, that looks more and more like a Elliott wave ending diagonal. The speciality of this pattern is that it can cause a sharp a strong turn … Continued
Gold is trading within final stages of a blue wave v in a bearish impulse. Specifically, we see price approaching some interesting support levels near 1304/1300 zone, from where a new trend reversal may show up, in three waves. There Fibonacci support of 61.8, 200 and 261.8 can react as support zones and push price … Continued
We have seen a very strong turn lower on Friday on EURUSD pair. Actually all dollar pairs showed stronger USD in the last few sessions, which is actually not a surprise as normally flows changes around holidays, and today is Presidents’ Day in the US. Normally this are only temporary flows, which means that current … Continued
As expected BTCUSD fell down into 5th wave of wave (c) , a final leg of decline that we have been talking about a lot in our past reports. We have seen a move into our projected target zone where temproary low has been found; at the trend support line shown on a weekly chart … Continued
Precious metal such as gold, is trading in a bigger three-wave A)-B)-C) move. This labeling suggests a temporary consolidation in progress, that can find support near the lower Elliott wave channel line, and around the Fibonacci projection zone of 100.0, where wave C) would equal wave A). That said, current rally can be a temporary … Continued
Good day traders! German dax can be trading in a bigger complex correction, which we labeled as big wave IV. As things stand right now, we see price unfolding a Elliott wave flat pattern, which is a complex pattern. Its structure is a 3-3-5, with final leg C having five legs and being motive (has … Continued
Hello traders. Today, let’s take a glance at silver and AUDUSD. We can see that silver unfolded five minor waves within red wave i) at the 17.68 level, which can now suggest price to slow down and a new corrective retracement to follow. We are expecting red wave ii) to follow, with three of its … Continued
Good day traders! EURUSD hit a new high, into 1.23-1.24 area where we said that pair may see a top and complete wave three at Fibonacci levels. So far, we have seen a nice turn lower so we would not be surprised if wave four of a higher degree is coming. Ideally there will be … Continued
Hello traders, and welcome to the US session updates. Let’s see BTCUSD and what a nice drop it made in the last couple of hours. Looks like corrective wave iv had ended at the 11818 level and now sub-wave v of 3 is in progress and can search for support and base around the 9200 … Continued
Good day traders! Today let’s take a glance at usdmxn and its possible Elliott wave triangle pattern. USDMXN is bearish, and is currently trading within a probable complex correction labeled as wave 4). We see choppy and slow price movement for the last few days, which can suggest a triangle correction to be in progress … Continued
Good day traders! Crude oil is trading choppy and overlapping for some time now, which suggests a higher degree Elliott triangle correction to be in progress within corrective wave 4). In fact we have seen recent drop to 55.90 as sub-wave C that has made only a three wave decline, so it looks like part … Continued
Good day traders. On the daily chart of EURUSD, we can see that the trend is overall bullish and is unfolding a nice five-wave pattern within higher degree wave C) of IV. Wave C can be an impulse, which means it can unfold five, clear waves, which is currently the case. The other possibility would … Continued
Good day traders! Daily chart of USD Index shows us a five-wave bearish impulse in the making within higher degree wave C of IV. We see choppy and slow price movement for the last three months as part of a pullback, that can unfold as a Elliott Wave triangle correction. Wave 4) is usually more … Continued
Good day traders! Silver is trading within wave v), specifically within sub-wave iv, that can see intra-day resistance at 16.18 level and push price lower. Former wave of higher degree wave iv) at 16.45 level indicates an extension of price towards the 15.86 region, where Fibonacci ratio of 61.8 can offer support and turn price … Continued
USDCAD was trading bearish through May 2017 and through September. We can see that a five-wave impulse had unfolded and found a base at the 1.2058 level. From there a new bullish movement followed, which we labeled it as wave A, first wave of a three-wave recovery which means more gains is expected to occur … Continued
Good day traders! S&P500 is still trading bullish, now accelerating within final stages of a bigger blue wave five after a completed wave 4) at 2554 a week back. It was a nice base of fourth waves from where we can see a new impulse began, ideally red wave 5) that is now trading into … Continued
Good day traders! Hope everybody is having a great day. Let’s start todays update with EURUSD. EURUSD has turned up in the last two weeks; it broke above the channel resistance line that normally confirms a previously completed move; in our case that was finished a-b-c decline from September high. As such, it seems that … Continued
Good day traders. Hope everybody is doing well! Todays focus is on EURUSD and USD Index and its 4h movement. Let’s begin. EURUSD looks to have completed a three-wave decline near the 1.1540 region and a suggestion for a completed correction is a sharp rise in five waves. We labeled this minor five waves as … Continued
Good day traders. Today’s article is about EURUSD and AUDUSD and their 4h development. Let’s get started. On the 4h chart of EURUSD, we see price trading within a bigger three-wave decline, away from September highs. This three-wave move can be part of a bigger bullish impulse or just a simple three-wave A-B-C move. Well, … Continued
Good day traders! Today, let’s look at USDMXN, its 4h and 1h price movement. USDMXN made an overlapping five-wave affair within final wave v, which can be an EW ending diagonal. This is a sharp and powerful reversal pattern, that once finished tends to push price strongly into the opposite direction. Upside can be limited … Continued
Good morning traders! Today, let’s take a look at AUDUSD and EURUSD and its mid-term time frames. Let’s start with AUDUSD. On AUDUSD, we can see a potential top that can be locked in at the 0.8124 level. The following drop that occurred since then can be now a suggestion that more weakness can follow … Continued
Good day traders! Let’s start the US session with our silver chart and its intra-day movement. On the hourly chart of silver, we can see that price made an overlapping bearish affair since October of 13, towards the 16.78 region. We see this five-wave move as a leading diagonal, an Elliott wave pattern that usually … Continued
Good day traders! Today, let’s take a look at German Dax and its intra-day pattern. Looks like stock market has still room for more upside, at least on European markets as German Dax shows a triangle consolidation since start of October. This is an A-B-C-D-E pattern with wave E now in play so fourth wave … Continued
Good day traders! We have seen some nice breakdown on NZD/USD last week, a push below two-year old trendline support which means that pair can be in a new bearish cycle. We are tracking an impulsive decline, meaning that weakness is expected to stay here until we see a big five wave drop from 2017 … Continued
A new video from Gregor Horvat, FXExplained.co.uk and ew-forecast.com author. In this analysis, Gregor looks at various markets from an Elliott Wave perspective, including; Gold, AUDUSD, the US 10yr Note, Bitcoin and Crude Oil. For Gold, the risk is for an even more bearish shift and similar is also anticipated for the US 10yr Note … Continued
Good day traders! Today, let’s look at EURUSD and EURCHF. EURUSD made a sharp and overlapping drop in the last couple of trading sessions, which we identified it as a complex correction. We can see that price may be ending this complex seven leg correction around the 1.1739 region, from where a new intra-day rally … Continued
Good day traders! Today, let’s look at German DAX and its triangle pattern. Dax broke out of the Elliott wave triangle and with it completed the mentioned pattern within wave 4. However, we can now see price turning sharply lower, which gives us two ideas about the upcoming price movement. First we see blue minor … Continued
Good day traders! Today, let’s look at EURUSD and USD Index. EURUSD is trading nicely bullish for the last couple of trading days and that is why we believe a new higher degree impulsive leg may be in progress. We see waves: one, two, three and now four finished, so the last one that can … Continued
USDMXN is clearly bullish, now in a five-wave impulse as part of a higher degree wave C. We see current price activity representing sub-wave five, that can be trading in final stages. USDMXN, 4H On the intra-day chart we have a closer look of the current sub-wave five. We can see that minor four legs … Continued
Good day traders! Today’s focus is on our favourite cereal grain – Wheat. We are going to take a look at its 4h and 1h movement. We are also going to dissect its pattern, which indicate a reversal. Let’s get going. Wheat was trading quite choppy, slow and overlapping since August 24 and thus was … Continued
Today we are going to take a look at EURUSD, its short-term and long term expectations. Technically speaking, we see the EURUSD pair trading into some interesting support area here at 1.1700 where the pair may bounce if we consider a fifth wave down right into some interesting old swing levels on a weekly basis … Continued