By Vadim Pokhlebkin
5/21/2012 4:30:00 PM
Between May 1 and May 18, the euro lost to the U.S. dollar over 600 pips, or 6 full cents. "Sell in May," indeed. We've shown you in a recent article how Elliott wave analysis helped forex traders capture the bulk of that selloff. But what about now? EUR/USD has gained about 150 pips already off that May 18 low...is that a dead cat bounce, or the start of a move to new highs?
Filed Under: Elliott wave, Elliott Wave trading, euro, euro/USD exchange rate, forex, forex trading, technical analysis, technical indicators, trading lessons, U.S. dollar
Category: Currencies
By Vadim Pokhlebkin
5/15/2012 9:15:00 PM
Today, EUR/USD, the exchange rate between the euro and U.S. dollar -- and also the world's most-traded forex market -- fell to near $1.27, a low not seen since January. Just two weeks ago, it stood almost 600 points (or pips, in forex lingo) higher. What if someone asked you back in April -- before this month's news from Europe -- where the euro would trade in May? For many forex traders, the answer would be...
Filed Under: debt crisis, Elliott wave, Elliott Wave trading, euro, euro/USD exchange rate, europe, European debt crisis, forex, forex trading, Greek debt, online trading, sentiment, technical analysis, technical indicators, U.S. dollar
Category: Currencies
By Vadim Pokhlebkin
5/9/2012 3:15:00 PM
About once a week , the editor of EWI's forex-focused Currency Specialty Service, Jim Martens, records a video for his subscribers. The goal of each video is two-fold: to deliver a fresh market update, but also to teach a valuable lesson in Elliott wave analysis. Watch this 7-minute Aussie dollar video.
Filed Under: currency, Elliott wave, Elliott Wave trading, euro, euro/USD exchange rate, forex, forex trading, online trading, Swiss franc, trading lessons, U.S. dollar, usd/jpy
Category: Currencies
EUR/USD Dips Below $1.30
Was Mario Draghi's speech a bullish or bearish event for the euro? How about BOTH?
By Vadim Pokhlebkin
5/7/2012 5:30:00 PM
We've shown you before examples of how easy it is to interpret the same event as both bullish and bearish news for a market. Here's a fresh example. On May 3, the European Central Bank met to talk about interest rates. At that meeting, the ECB's chief Mario Draghi...
Filed Under: Elliott wave, Elliott Wave trading, euro, euro/USD exchange rate, european central bank, European debt crisis, european markets, eurozone, forex, forex trading, online trading, Swiss franc, technical analysis, U.S. dollar, usd/jpy
Category: Currencies
By Vadim Pokhlebkin
5/2/2012 4:15:00 PM
The euro's slow upward grind from the April 15 low of near $1.31 ended with a bang on May 1. The violent decline that started that day and continued on May 2 very quickly -- as it usually happens -- erased almost all of the gains from the two-week rally. The move has been widely blamed on "European debt crisis worries." Of course...
Filed Under: Elliott wave, Elliott Wave trading, euro, euro/USD exchange rate, europe, european central bank, European debt crisis, European Union (EU), eurozone, forex, forex trading, technical analysis, U.S. dollar
Category: Currencies
Why Consider This $4-Trillion-a-Day Market? Part II
Elliott Wave International's forex expert discusses the pros and cons of speculating in currencies vs. stocks
By Vadim Pokhlebkin
4/23/2012 2:30:00 PM
Elliott Wave International presents Part II of the interview with Jim Martens. (Read Part I here.)
Filed Under: currency, Elliott wave, Elliott Wave Education, Elliott Wave trading, euro, euro/USD exchange rate, eurozone, forex, forex trading, online trading, prechter, risk appetite, risk management, Swiss franc, U.S. dollar, U.S. Federal Reserve (the Fed), usd/jpy, volatility
Category: Currencies
Why Consider This $4-Trillion-a-Day Market? Part I
Elliott Wave International's forex expert discusses the pros and cons of speculating in currencies vs. stocks
By Vadim Pokhlebkin
4/19/2012 4:30:00 PM
Elliott Wave International presents Part I of the interview with its Senior Currency Strategist, Jim Martens: Jim, our readers often tell us that they want to make money trading the markets. There are lots of options for would-be speculators out there. Your area is forex -- the market which has grown by leaps and bounds lately. Can you explain why I'd want to look at forex and not, say, the more "traditional" stock trading? Jim Martens: ...
Filed Under: Elliott wave, Elliott Wave Education, Elliott Wave trading, euro, euro/USD exchange rate, eurozone, forex, forex trading, online trading, short selling, sterling, Swiss franc, technical analysis, technical indicators, U.S. dollar
Category: Currencies
By Vadim Pokhlebkin
4/16/2012 5:30:00 PM
On Friday (April 13), U.S. jobless claims rose -- but the U.S. dollar didn't fall against the euro; it gained. On Monday (April 16), U.S. retail sales rose sharply -- but the USD didn't rally; it gave back to the EUR almost all of Friday's gains. Go figure. Of course...
Filed Under: Elliott wave, Elliott Wave trading, euro, forex, forex trading, technical analysis, technical indicators, trading lessons, U.S. dollar
Category: Currencies
EUR/CAD Update: Elliott Wave Analysis Still Going Strong
Learn what tools helped EWI's Currency Specialty Service to stay one step ahead of this forex market's biggest near-term turns
By Nico Isaac
4/13/2012 6:30:00 PM
If investing in stock markets is akin to riding a slow moving camel through the open desert, then speculating in forex markets is like riding a wild, bucking rodeo bronco. The trick is to stay on through every major near-term twist and turn before face-planting it into the ground below. Today we're walking through one such example of how EWI's forex-focused Currency Specialty Service used Elliott wave analysis to stay in the saddle for the recent down-up-down ride in the Euro/Canadian Dollar cross rate (EUR/CAD).
Filed Under: currency, Elliott wave, Elliott Wave trading, euro, forex, forex trading
Category: Currencies
By Vadim Pokhlebkin
4/3/2012 2:30:00 PM
Here's a paradox for you. On Monday (April 2), unemployment in the 17 euro nations reached a record high of 10.8% -- highest ever since the euro was introduced in 1999. Reports say eurozone manufacturing activity had fallen to a 3-month low. The words "Eurozone recession" are being muttered. Meanwhile, the latest U.S. employment and manufacturing reports have been strong. You'd think the euro would be crushed -- but no. Why?
Filed Under: Elliott wave, Elliott Wave trading, eu, euro, euro/USD exchange rate, European Union (EU), eurozone, forex, forex trading, technical analysis, technical indicators, trading lessons, U.S. dollar, unemployment
Category: Currencies
By Vadim Pokhlebkin
4/2/2012 1:00:00 PM
At least once a week usually, the editor of EWI's forex-focused Currency Specialty Service, Jim Martens, records a video for his subscribers. Watch as he delivers this valuable 4-minute Elliott wave lesson using EUR/USD as an example.
Filed Under: Elliott wave, Elliott Wave trading, euro, euro/USD exchange rate, eurozone, forex, forex trading, technical analysis, technical indicators, trading lessons, U.S. dollar
Category: Currencies
By Vadim Pokhlebkin
3/27/2012 6:30:00 PM
This week started badly for the euro. As forex markets opened in Asia late on Sunday (US time), and after the European traders joined in, the euro-dollar exchange rate fell to near $1.3200. The EUR was losing to the USD "on concerns over the health of the eurozone economy," reported news headlines. But Elliott wave patterns in EUR/USD charts disagreed...
Filed Under: Elliott wave, Elliott Wave trading, eu, eurozone, forex, forex trading, technical analysis, technical indicators, trading lessons, U.S. dollar, volatility
Category: Currencies
EUR/USD: What's In a Chart? A LOT
A real-world example of the advantage Elliott wave forex traders can have
By Vadim Pokhlebkin
3/23/2012 5:15:00 PM
Many forex traders use technical chart analysis -- most commonly, momentum indicators like the RSI and MACD. But in conventional finance, rarely do you ever hear anyone mention Elliott wave analysis among their trading tools. To which we can say: their loss. Those who trade currencies with Elliott often have a leg up on competition. Let me show you an example.
Filed Under: Elliott wave, Elliott Wave trading, euro, forex, forex trading, Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), technical analysis, technical indicators, trading lessons, U.S. dollar
Category: Currencies
EUR/USD: Nowhere Fast?
How Elliott wave analysis helps you identify the forex trend in several simple steps
By Vadim Pokhlebkin
3/21/2012 4:00:00 PM
Today's euro-dollar exchange rate hovers near $1.32. That's the same price point where EUR/USD traded in early March -- and in mid-February, and in late January. You must look at the market's Elliott wave pattern to determine the trend. Let's do that.
Filed Under: Elliott wave, Elliott Wave trading, euro, forex, forex trading, technical analysis, technical indicators, trade targets, trading lessons, U.S. dollar
Category: Currencies
EUR/USD: Why You Should Be Wary of "Fundamentals"
A quick look at the recent history of the euro-dollar exchange rate and its "fundamental" background
By Vadim Pokhlebkin
3/14/2012 6:00:00 PM
Please see if you can guess when these 4 forex-related headlines were published (all from major news sources). As you've probably guessed, it's a trick question...
Filed Under: Elliott wave, Elliott Wave trading, euro, euro/USD exchange rate, european central bank, European debt crisis, forex, forex trading, fundamental analysis, Greek debt, trading lessons, U.S. dollar
Category: Currencies
By Vadim Pokhlebkin
3/7/2012 5:15:00 PM
Forex markets don't stand still, and neither do Elliott wave patterns in forex price charts. Over the past couple of weeks, a fascinating pair to watch has been the Canadian dollar, or USD/CAD, or "loonie." Watch Jim Martens, EWI's Sr. Currency Strategist, walk you through the (predictable) twists and turns in USD/CAD in these 5 short videos (1 min. to 4 mins in length each).
Filed Under: Elliott wave, Elliott Wave trading, forex, forex trading, online trading, U.S. dollar
Category: Currencies
By Vadim Pokhlebkin
2/29/2012 12:00:00 PM
The U.S.-Canadian dollar exchange rate, known to forex traders as "loonie," has seen some ups and downs lately. But what might have seem like random gyrations to an outsider, to an Elliott wave forex trader was not random at all. Watch Currency Specialty Service editor, Jim Martens explain the Elliott wave picture in USD/CAD in his latest subscriber-only video update (recorded on the morning of February 29).
Filed Under: Elliott wave, Elliott Wave trading, forex, forex trading, online trading, U.S. dollar, video
Category: Currencies
By Vadim Pokhlebkin
2/24/2012 6:00:00 PM
Since February 22, EUR/USD (the euro-dollar exchange rate and most-traded forex pair) has rocketed almost 300 pips -- to close the week near $1.3840. That's a move any forex trader would have loved to catch. But those who only looked at the mainstream forex news headlines on February 22 probably missed this rally. Here's why...
Filed Under: Elliott wave, Elliott Wave trading, euro, European debt crisis, eurozone, forex, forex trading, Swiss franc, technical analysis, technical indicators, U.S. dollar, usd/jpy
Category: Currencies
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