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
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.
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