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
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.
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
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
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
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 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
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 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
Hello traders, and welcome to another updated where we will discuss where the market is going on AUDUSD. Let’s dig in. AUDUSD completed a five-wave overlapping price movement within a higher degree wave C in 2017, which is known in Elliott wave theory as an ending diagonal. We can see that the top was found … Continued
Hello traders, today we are going to look at USDCAD. USDCAD made a sharp and strong recovery in September of 2018, which can be a sign of a bigger bullish cycle. If that is the case, then turn up from 1.2245 level can be wave 1), first wave of a bigger impulsive wave three. We … Continued
Ripple turned into a bullish mode from 0.45 level with impulsive manner just like other cryptocurrencies. We know that impulses show direction of a trend, which means more upside will be expected after a three wave of retracement which is already underway, and maybe in late stages. Support zone is coming at 0.62-0.70 area. Ripple, … Continued
Just like other cryptocurrencies, which are in positive correlation, we see Dash in a very impulsive rise from 280 support level, so a bullish reversal can be here, but we need some evidences to confirm that. The first evidence was a break above 460 bullish level, but to be more confident, we always need to … Continued
On the daily chart of USDJPY we see price trading in a bigger complex correction, known also as a Elliott wave triangle pattern. Specifically, we see latest drop down as leg C of a triangle completed at the 104.63 level, so current reversal from there can be wave D that can take pair to the … Continued
Good day everyone! On the daily chart of EURUSD, we can see price rising for the last year or so, and this rising price action as we can see can be counted in five waves. This five-wave pattern, which we labeled as wave C) is known as a motive wave, and must contain five waves. … Continued
Today’s article is about USD index, and its 4h and intra-day movement. On the 4h chart of USD index, we see price trading in a temporary pullback of wave 4 which looks more and more like an Elliott wave triangle correction. This correction is a complex one and needs five legs to fully unfold. In … Continued
Hi everyone! On Friday I posted a new video analysis, talked about EUR vs CAD based on recent developments on EURUSD, USDCAD, and Crude Oil. I came out with a conclusion that bounce can be seen on EURCAD which can be even impulsive so it can take us much higher in days ahead. If you … Continued
Hello traders, and welcome to our new intra-day updates regarding various markets. Today we are going to look at USDCAD, GBPCAD and the S&P500. New leg down, below Apr 02 low may not be far away for E-mini S&P500 after that five wave fall from 2618 which confirms end of a corrective rally. S&p500, 1h … Continued
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
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