By Elliott Wave International At its most basic level, wave analysis is simply the identification of patterns in market prices. The essential Elliott wave pattern consists of “motive waves” and “corrective waves.” A motive wave is composed of five subwaves....
The EURUSD pair has continued its downward trajectory, extending its decline from 1.1213 to reach a new low of 1.0810. However, the recent bounce from this level has sparked interest among traders, raising questions about whether this...
Ever wish you had one of those “Quick Start Guides” for the Elliott Wave Principle?“ Now you do! Check out this free Elliott Wave Essentials Guide – updated in 2024 – by Elliott Wave Principle co-author, Robert Prechter! Drawing directly from Frost...
By Mark GalasiewskiEditor, Asian-Pacific Financial ForecastElliott Wave International Viewing global asset classes through the lens of emerging markets provides a perspective that is often missed by analysts who focus on developed markets. That perspective, which is colored by...
The EURUSD pair has continued its downward trajectory, breaking below the significant 1.1068 support level and reaching a low of 1.1032. This move indicates that the bearish pressure on the euro against the dollar remains strong. As...
The GBPUSD pair has made a significant move, breaking below the crucial 1.3312 support level and extending its downward trajectory to reach a low of 1.3237. This development suggests that the upward move from 1.3001 may have...
By Elliott Wave International The basis for analysis and forecasting at Elliott Wave International is fundamentally different from everyone else’s. Here’s a prime example in gold. This excerpt is from the March Elliott Wave Financial Forecast, when gold...
The GBPUSD pair has recently made a significant move, breaking below the bottom of the rising price channel on the 4-hour chart. This development suggests that the uptrend from 1.3001 might need a more extended period of...
Gold might be losing out to stocks when it comes to headlines. But, the precious metal also just hit all-time highs and did it in style – rocketing 35% in seven months. Elliott Wave International’s analysts helped their...
The GBPUSD pair continues to show strength, maintaining its position within a rising price channel on the 4-hour chart. This pattern suggests that the uptrend from 1.3001 remains firmly intact, providing a bullish outlook for traders. As...
