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
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.
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