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
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’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
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