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Elliott Wave Covering EUR and GBP


Sep 04 2019

Good morning guys,

This time I will look at EURUSD and GBPUSD pairs. If you have any questions feel free to contact me on twitter @gregahorvatfx



Time And Price Can Limit SP500 Bulls At 2980-3000


Aug 19 2019

Good morning guys,

the S&P500 is in a bear market rally (a pause within downtrend), which can be unfolding a flat correction within a higher degree wave B). Resistance for sub-wave C of B) can be around the 78.6% Fib. retracement (2970/3000 zone), from where bears may resume its downtrend. Also at the mentioned region, sub-waves A and C can be equal in length in time and price, so keep an eye on that potential reversal zone tomorrow at the start of the European session. However, what is always very important regarding trading and analysis is to wait on a confirming price action; only a later turn in impulsive fashion back below 2900 would suggest a completed corrective rise.

Trade well


S&P500, 4h


Past Data and Elliott Waves Suggests Weak USD In August


Aug 06 2019

Hey guys,

Based on past data on USD Index since 2015, we can assume that August will be another bearish month for the currency. In fact, there is also an Ellliott Wave formation that suggests the same... Question for some of you is, if this is positive for bitcoin? I think yes...

If you find this video helpful Please press like and support this idea.

Trade well



Elliott Wave EURAUD Trade Review 200 Pips


Aug 02 2019

Hello traders!
Today I want to talk about the EURAUD set-up. Its a trade review back from July that I took and shared with our members.


Elliott Wave & Intermarket Analysis For NIKKEI And USDJPY


July 31 2019

Hello traders!
Today we will talk about stocks, specifically Nikkei and why USDJPY can see higher prices.

Well, as you may already know, in EW theory after a three-wave corrective decline, the trend should remain to the upside. This is what we see in the stock market all the time. However, Nikkei got our attention, because we can see a nice five-wave rally after that three-wave a-b-c correction, which means that Nikkei remains in uptrend, but after another three-wave correction in the lower degree, where ideal support would be here around 21450 - 21250 region, just keep in mind that bullish confirmed can be only if it manages to turn back above 21770 region!

In the right picture you can see tight positive correlation between NIKKEI and USDJPY, which means that if NIKKEI points higher, then even USDJPY can see higher prices, so do not be surprised if USDJPY remains bullish towards 109 area or higher.

So, seems like risk-on sentiment may continue and when we are in risk-on, we usually see bullish stocks, which are followed by recovery on XXX/JPY crosses. That being said, be aware of a bullish continuation on stocks, while XXX/JPY cross pairs may see a bigger recovery.

If you want to track USDJPY and other markets with me on a daily basis make sure to check our service here

Be humble, trade smart and wait for the right sentiment to enter the market,

EW-forecast team

Elliott Wave & Intermarket Analysis For NIKKEI And USDJPY by ew-forecast on

EURAUD Intraday Longs Then Shorts?


July 29 2019

Hello traders,

I hope you are now on the beach somewhere, enjoying a well-deserved vacation with your family while reading this post. So you are like most of us who cannot be without market quotes for more than a day or two. So what’s going on FX these days and what its interesting?

We have seen some very nice bounce on the euro since Thursday after Draghi announced that easing was going to be delivered in September, on several fronts including rates. The best moves were not seen on EURUSD, but rather on some crosses pairs such as EURAUD. This is very volatile pair for the last few weeks and even months as EURUSD and AUDUSD diverge. I have been short EURAUD a few weeks back based on bullish Aussie and gold view (BTW I will make a video of that trade soon). But now it appears that we should be looking at the other side of the EURAUD trend. Why? Because pair accomplished a very nice five waves of decline from 1.6446, confirmed by a five wave rise on an hourly char. It looks like the beginning of a three-wave recovery, like a zigzag which will be a contra-trend move on a daily chart that I would like to short sometime in the future, but for now, attractive can be wave B retracement to catch wave C towards 1.6230 resistance.

I will be watching it very closely and let you know about the developments on twitter @gregahorvatfx

If you want to track this and other markets with me on a daily basis make sure to check our service

Trade well, GH

A Positive Correlation Between Coffee and BRL


July 16 2019

Good morning fellow traders!

As you may already know, Coffee and Brazilian Real (BRL) are in tight correlation which can be clearly seen in the correlation chart below where we see USDBRL in orange turning lower, while Coffee can be putting in a low at the same time. But the most interesting part is the wave structure, so with the help of the Elliott wave model, we can easily put both markets into the one context. We assume that coffee futures will continue to rise while USDBRL will be declining.

Coffee vs USDBRL, Daily

Looking at the Daily Coffee chart, we can clearly see a strong bounce with five waves from the 88.0 region that can be suggesting a bullish reversal after a completed big ending diagonal, and at the same time we can see a nice bearish setup on USDBRL, especially after that five-wave intraday decline. In Elliott Wave theory, after every five waves, a three-wave pullback follows, so be aware of a temporary correction before a bullish continuation on Coffee and bearish trend on USDBRL resumes

However, we do not track these markets often, but we love to look at them if we spot something interesting.

Trade well

Coffee + USDBRL, daily

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