By Vadim Pokhlebkin
2/22/2012 4:30:00 PM
The basis of Elliott wave analysis is chart pattern recognition. This short video by Jim Martens, Elliott Wave International's Chief Currency Strategist, is a good example of this approach in action. Watch >>
Filed Under: Elliott wave, Elliott Wave trading, forex, forex trading, online trading, technical analysis, technical indicators, U.S. dollar
Category: Currencies
By Vadim Pokhlebkin
2/21/2012 5:00:00 PM
Last Wednesday (Feb. 15), the financial world was awaiting the results of the latest Greek bailout negotiations. The opinions of its effects were divided. Elliott wave analysis, on the other hand, allows you to make probability-based forecasts without relying on the news. Watch >>
Filed Under: euro, euro/USD exchange rate, European debt crisis, forex, forex trading, online trading, Swiss franc, technical analysis, technical indicators, trading lessons, U.S. dollar
Category: Currencies
Are Successful Forex Traders Just REALLY Lucky?
In 2004, the former Federal Reserve Chairman Alan Greenspan compared successful currency traders to "winners of coin-tossing contests." Fair? No? You decide...
By Vadim Pokhlebkin
2/17/2012 2:30:00 PM
In 2004, the former Federal Reserve Chairman Alan Greenspan compared successful currency traders to "winners of coin-tossing contests." Fair? No? You decide...
Filed Under: Elliott Wave Principle, Elliott Wave trading, forex, forex trading, Greenspan, market forecasts, technical analysis, technical indicators, trading lessons, U.S. dollar, U.S. Federal Reserve (the Fed)
Category: Currencies
By Vadim Pokhlebkin
2/16/2012 4:30:00 PM
On February 16, EUR/USD, the euro-dollar exchange rate and the most actively traded forex pair, surged over 170 pips, from below $1.30 to above $1.3150. The explanations for the strong rally boiled down to "hopes" that the Greek bond-swap deal would be reached. But as we've pointed out before, explanations such as these make sense only in retrospect.
Filed Under: Elliott wave, Elliott Wave trading, euro, euro/USD exchange rate, forex, forex trading, Greek debt, technical analysis, technical indicators, U.S. dollar
Category: Currencies
By Vadim Pokhlebkin
2/9/2012 7:00:00 PM
Usually every Friday, Jim Martens, the editor of Elliott Wave International's forex-focused Currency Specialty Service, records a video update for subscribers. Watch this 6-minute video clip where Jim explains what made him turn very bullish on the U.S. dollar (bearish EURUSD) on December 22, 2011. It's a great example of applying Elliott wave analysis in forex markets.
Filed Under: Elliott wave, euro, forex, forex trading, technical analysis, technical indicators, U.S. dollar
Category: Currencies
Forex Insight: EURUSD Pushes Higher, But for How Long?
Where will the euro go on February 9? How about on the 10th, or the day after? The latest European "fundamentals" can’t really help you with that
By Vadim Pokhlebkin
2/8/2012 5:15:00 PM
"NEW YORK -- The euro moved toward a two-month high as news reports challenged hopes that the European Central Bank may be the clinch to an agreement on a second bailout for Greece." (Feb. 8, Wall Street Journal) Great. Now that you know why EURUSD moved higher on February 8, where will it go on February 9? How about on the 10th? The "fundamentals" can’t really help you with that.
Filed Under: Elliott wave, Elliott Wave trading, euro, euro/USD exchange rate, European debt crisis, eurozone, forex, forex trading, Greek debt, technical analysis, technical indicators, trading lessons, U.S. dollar
Category: Currencies
By Vadim Pokhlebkin
1/27/2012 5:00:00 PM
Elliott waves often relate to each other by Fibonacci ratios. Based on these common wave length proportions, our forex-focused Currency Specialty Service had the price target of "above $1.3053" for the latest EURUSD rally.
Filed Under: contracting triangle, Elliott wave, Elliott Wave trading, euro, forex, forex trading, technical analysis, technical indicators, U.S. dollar
Category: Currencies
By Vadim Pokhlebkin
1/23/2012 11:00:00 PM
The U.S. dollar sold off strongly in the forex markets on January 23, pushing EUR/USD, the euro-dollar exchange rate, as high as $1.3047 in the process. While the "fundamental" picture for the euro remains murky (continued Greek debt negotiations being the latest factor under the microscope) from an Elliott wave perspective, the trend in EUR/USD is much more definable, at least in the short term
Filed Under: Elliott wave, Elliott Wave trading, euro, eurozone, forex, forex trading, Greek debt, U.S. dollar
Category: Currencies
By Jill Noble
1/19/2012 4:15:00 PM
The tendency to overtrade in forex markets is as commonplace as the tendency to injure yourself in a new sport. If you don't recognize your own emotional signals and act to protect yourself, the results can be disastrous -- but our team can help.
Filed Under: Elliott Wave Education, Elliott Wave Principle, forex trading, risk management, Traders, trading lessons
Category: Currencies
By Vadim Pokhlebkin
1/18/2012 6:30:00 PM
What was it about the Elliott wave structure of EURUSD (the euro-dollar exchange rate and world's most actively traded forex pair) that told our analysts to expect EURUSD to fall in the second half of 2011? Let's look at a sample of our actual analysis.
Filed Under: Elliott wave, Elliott Wave trading, euro, euro/USD exchange rate, europe, European debt crisis, eurozone, forex, forex trading, prechter, technical analysis, technical indicators, U.S. dollar
Category: Currencies
By Jason Lureman
1/12/2012 11:45:00 AM
How do you know the right time to exit when price action goes your way? While no forecasting method guarantees that you buy at the absolute low and sell at the absolute high, Elliott wave analysis -- and, specifically, Fibonacci relationships between waves -- can help you identify high-probability price targets.
Filed Under: Fibonacci, Elliott wave, Elliott Wave trading, Elliott Wave Principle, trade targets, forex
Category: Currencies
By Vadim Pokhlebkin
1/4/2012 7:00:00 PM
Looking back at 2011, almost everyone agrees that the euro weakness/dollar strength we saw was only logical. Seriously, where else was the euro to go but down last year, with all the problems in Europe? It's a wonder EURUSD didn't fall any lower! "Fundamentally"-based explanations like this always make perfect sense when you look back. It's when you try to apply them going forward, that's when it gets tricky. I'll give you an example.
Filed Under: Elliott wave, eu, euro, euro/USD exchange rate, europe, European debt crisis, european markets, eurozone, forex, forex trading, technical analysis, technical indicators, trade targets, Traders, trading lessons, U.S. dollar
Category: Currencies
By Debbie Iseler
1/3/2012 5:45:00 PM
In this 3-minute video, EWI Currency Specialist Jim Martens identifies the Elliott waves that offer high-probability trading opportunities.
Filed Under: currency, Elliott Wave trading, forex, forex trading, technical analysis, U.S. dollar
Category: Currencies
By Jill Noble
12/28/2011 5:00:00 PM
Yes, "the trend is your friend." Yes, proper understanding of Elliott wave analysis and market timing can help you manage risk in forex markets. But there is much more to successful forex trading. Our upcoming LIVE online Intensive Forex Trading Tutorial teaches you the other critical skills.
Filed Under: currency, Elliott Wave Education, Elliott Wave trading, forex, forex trading, Jeffrey Kennedy, risk management, technical analysis
Category: Currencies
Forex Trading FAQs -- Part Two of Three
EWI's Senior Analyst Jim Martens shares his favorite Wave patterns in forex markets.
By Jill Noble
12/22/2011 9:00:00 AM
If you still struggle to apply Elliott successfully in currencies, take a look at Part Two of our Forex FAQ series for insight from Senior Analyst Jim Martens.
Filed Under: currency, Elliott Wave Education, Elliott Wave Principle, Traders
Category: Currencies
By Vadim Pokhlebkin
12/21/2011 6:15:00 PM
On December 21, EURUSD shot up to $1.3200. Forex news headlines were quick to comment: "Euro rises on stronger US, European data." But after EURUSD hit that high, it proptly reversed and crashed down to the $1.3000 level, where it had been stuck all week. You may ask: What happened to that "euro-boost" from the "stronger US and European data"? Good question, and here's the answer...
Filed Under: Elliott wave, Elliott Wave trading, euro, euro/USD exchange rate, European debt crisis, eurozone, forex, forex trading, technical analysis, technical indicators, U.S. dollar
Category: Currencies
By Vadim Pokhlebkin
12/16/2011 4:15:00 PM
On November 4, when EUR/USD was trading near $1.38, EWI's Senior Currency Strategist and the editor of our forex-focused Currency Specialty Service, Jim Martens, recorded this video --
bearish on the EURUSD (bullish on the USD). Since then, EURUSD fell from 1.38 to below $1.30. Watch Jim explain what turned him bearish the euro, bullish the dollar on November 4 >>
Filed Under: Elliott Wave trading, euro, euro/USD exchange rate, eurozone, forex, forex trading, technical analysis, technical indicators, trading lessons, U.S. dollar, video
Category: Currencies
Forex Trading FAQs -- Part One of Three
EWI's Senior Analysts share advice on trend-watching in the currencies markets.
By Jill Noble
12/15/2011 9:00:00 AM
Currency trading includes a special set of considerations. In other words, the gap between theory and practice can be more difficult in the forex markets, even with Elliott analysis. Learn more in the first part of our Forex FAQ series.
Filed Under: currency, Elliott Wave Education, forex trading, Jeffrey Kennedy, technical analysis, Traders
Category: Currencies
EUR/USD: 10 Pips Away From the "Abyss"
You don't have to wait for more news from Europe to know where the euro and dollar are headed
By Vadim Pokhlebkin
12/13/2011 6:45:00 PM
On December 13, EUR/USD (the euro-dollar exchange rate and the most actively-traded forex market) fell as low as $1.3010. That's just 10 pips away from the psychologically important $1.30 level, the threshold of another potential "abyss" for the euro...
Filed Under: Elliott Wave trading, euro, euro/USD exchange rate, European debt crisis, eurozone, forex, forex trading, technical analysis, technical indicators, U.S. dollar
Category: Currencies
By Bob Stokes
12/13/2011 3:30:00 PM
The U.S. Dollar Index has just hit an 11-month high, once again climbing to around $80. Does this suggest that another correction is around the corner, or does this advance "have legs"? The December Financial Forecast says...
Filed Under: euro, forex, forex trading, U.S. dollar
Category: Currencies