Crosses blog20161002194739

Many traders are of the mind set that they should follow only one or a very few instruments and therefore, you would come across many traders who trade just EURUSD, GBPUSD, ES_F or Gold (XAUUSD) for example. We at www.elliottwave-forecast.com believe that market works as a whole and as a forecaster we need to analyse […]

  • Fear of Hard Brexit and Poundsterling

    Fear of Hard Brexit and Poundsterling


    Since the Brexit vote in June, Poundsterling has fallen 13% against the U.S. dollar and it is now worth 22% less than a year ago. Today the pound worths around $1.27 while a year ago it was worth $1.55. The currency was further under pressure this week after the U.K Prime Minister Theresa May provided more […]

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  • US Dollar outlook post FOMC

    US Dollar outlook post FOMC


    The Federal Reserve once again pushed back plans to raise interest rates at the September meeting, a widely expected after a series of mixed economic reports and various signals Fed officials measure. After its policy meeting two-day Federal Open market Committee voted to keep the federal funds rate from 0.25% to 0.50%, citing progress in […]

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  • How to use cross pairs to get an edge in Trading

    How to use cross pairs to get an edge in Trading


    Many traders are of the mind set that they should follow only one or a very few instruments and therefore, you would come across many traders who trade just EURUSD, GBPUSD, ES_F or Gold (XAUUSD) for example. We at www.elliottwave-forecast.com believe that market works as a whole and as a forecaster we need to analyse […]

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  • NZDCAD Elliott Wave Trade Setup 9.29.2016

    NZDCAD Elliott Wave Trade Setup 9.29.2016


    The Elliott wave trading setup below comes from Sept 28 Live Trading Room session. $NZDCAD is showing a 5 swing sequence from 4/27 (0.8597) low and more upside is favored. Near term, pair is correcting cycle from 7/21 (0.9085) low towards 0.935 – 0.941 area before the rally resumes. We want to buy the pullback in 3, […]

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  • EURNOK Elliott Wave Analysis 9.25.2016

    EURNOK Elliott Wave Analysis 9.25.2016


    EURNOK is showing an incomplete Elliott wave sequence from the peak at 1.11.2016. We believe the pair is close to ending 3 waves down from 9.1.2016 peak and would soon bounce in 3 waves to correct the decline from 9.1.2016 peak and continue lower towards 8.9871 – 8.8478 area to end the cycle from 1.11.2016 […]

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  • USDPLN Elliott wave Analysis 9.23.2016

    USDPLN Elliott wave Analysis 9.23.2016


    $USDPLN Weekly Elliott wave chart below suggests that cycle from 5.3.2011 low (2.64) has ended and the pair is in the process of pullback to correct this cycle in 3, 7, or 11 swing with potential target as low as 3.216 – 3.396 area before the rally resumes. Looking at the Daily Elliott wave chart […]

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