The Almighty Dollar: A Missed Opportunity?
Practically no one else was looking for the dollar to rise late in 2009

Yet at Elliott Wave International, we have all but shouted out our forecast for a rising dollar for months -- a highly contrarian position...

U.S. Dollar Soars To A Seven-Month High: Will This Comeback Story Stay?

EUR/USD Falls Hard: What's Next? Find Out FREE
You can forecast currencies without relying on the news and economic reports.

Latest Forex Forecasts, Yours FREE Now: Here's How
You get 7 days of free currency market forecasts with Feb. 3-10 FreeWeek!

EUR/USD Breaks Below Major Price Point
Just when everyone thought the U.S. dollar was a goner, it rebounds!

On January 27, the EUR/USD (exchange rate between the euro and U.S. dollar and the most widely trade forex pair) slipped below $1.40 for the first time in six months. In other words, the dollar, considered by most analysts all but doomed a short while ago, now stands at a 6-month high against its main competitor. Ironic? Paradoxical? You bet. Here's more on that from Robert Prechter.

Forex: How to Trade Around Fed's Decisions on Interest Rates
You can navigate volatility on big news days with Elliott wave analysis

Around data releases, forex; traders often buy the U.S. dollar -- but then sell it just as quickly (or vice versa). Trading at such moments can be dangerous, but it helps if you know Elliott wave analysis. Watch this classic free 8-minute video where the editor of EWI's intensive Currency Specialty Service Jim Martens explains how.

Forex (VIDEO): Elliott Wave Pattern "With A Twist"
Another free lesson in applying Elliott wave to currencies.

In this classic 5-minute video, the editor of Elliott Wave International's Currency Specialty Service Jim Martens tells you about so-called flat corrections -- a common Elliott wave pattern that sometimes comes "with a twist," as Jim explains using charts of the U.S. Dollar Index and the GBP/USD (cable).

Forex (VIDEO): What Time Frame Is Best For Trading With Elliott?

EUR/USD: What Moves You?
It's not the news that creates forex market trends -- it's how traders interpret the news.

What moves currency markets? "The news" is how most forex traders would undoubtedly answer. Economic, political, you name it -- events around the world are almost universally believed to shape trends in currencies. Today's (Jan. 14) new story, for example, is high up on the roster of events that supposedly have a major impact on the euro-dollar exchange rate. But let's take a closer look at it.

The Greenback Won't Go Gently Into That Good Night
2010: The Year of the Dollar?

Just one short month ago, the financial powers-that-be were reading the greenback its last rites and directing the currency to go gently into that good night. From March to November, the U.S. dollar had plunged 20%, its steepest eight-month selloff in 23 years, and stood at a near two-year low against the euro...

EUR/USD: Look at Wave Structure to Know Trend
You don't need to over-complicate Elliott wave analysis to make use of it.

Wave structure is the very basis of Elliott wave analysis. To an Elliottician, every seemingly "random" wiggle on a market chart fits into an Elliott wave pattern. The 13 known patterns are divided into two broad groups: impulsive and corrective. Simple enough, right? Now let's look at the recent action in the EUR/USD, the most widely-traded forex pair, as an example of how you can put this information to practical use in currencies.

3rd Waves (Forex): Sounds Good, But How Do You Trade Them?
Like the Energizer Bunny, third waves "just keep going and going."

There’s one wave in the Elliott wave sequence that you as a forex trader don't want to miss: the third wave. We've recently witnessed a real-life third wave in the U.S. Dollar Index, which measures the strength of the dollar against a basket of six foreign currencies -- take a look at this chart.

U.S. Dollar: From Panic to Embrace
How the love/hate sentiment toward the dollar can help you pinpoint major turns.

U.S. Dollar Soars To A Five-Week High: What Now?
"Fundamentals" can hardly explain the dollar's recent strength

U.S. Dollar (Forex): Feelings vs. Reality
Despite the gloomy news, the U.S. dollar has held its own, so far.

Despite the near-panicky news headlines, you can see from this chart that for most of November the EUR/USD has gone sideways! Yes, big swings up and down -- but almost zero net progress, so far. In the words of Elliott Wave International's president Bob Prechter...

U.S. Dollar "Flies": A Blip or Start of Something Big?
Bernanke wants to ensure strong dollar; Trichet concurs. What do Elliott wave patterns say?

The Fed's chairman Bernanke said on Monday they were watching currencies markets to "help ensure that the dollar is strong"; the ECB's Trichet said that Bernanke's statement was "very important." Apparently, forex traders interpreted both comments as bullish for the dollar... but if you've been watching the EUR/USD's Elliott wave patterns, you didn't have to wait for the morning news to tell you that. See this chart...

VIDEO (Forex): Often, Basic Elliott Is All You Need
"Simple" can be powerful.

Every Friday, Elliott Wave International's Senior Currency Strategist Jim Martens records a weekly video for the subscribers of his intensive Currency Specialty Service. In the one you are about to watch, Jim explains how the same basic pattern that R.N. Elliott discovered back in the 1930s is often all you need to make forecasts -- for the EUR/USD, in this example.

EUR/USD (Forex): How to Forecast Market Moves Before They Occur
Not every Elliott wave forecast works out. But the method's objectivity still trumps most discussions about "market fundamentals."

News stories move the markets -- that's what just about every investor believes. But can you predict what the market will do before the news is released? Let's look at a fresh example: the actio in the EUR/USD on November 4, when the Federal Reserve Bank announced its latest decision on the U.S. interest rates.

EUR/USD (Forex): Big Moves, But What's the Reason?
Despite all odds, the U.S. dollar is showing serious strength.

Early on October 26, the exchange rate between the U.S. dollar and the euro (and the most widely-traded forex pair) began an out-of-the-blue slide from near $1.50. If the dollar's dramatic show of strength in the midst of all the doomsday scenarios surprised you, you're not alone. Anyone looking at the Monday morning forex headlines was likely caught off guard. What's behind the dollar rally?

U.S. Dollar: Kiss Goodbye or Reversal at Hand?
Remember how bearish people were on oil ten years ago? Today, it's the U.S. dollar.

Remember how bearish people were on oil ten years ago? Today, it's the U.S. dollar. This recent headline on DrudgeReport.com, "Kiss the Dollar Goodbye," complete with a picture of a smooching President Obama, is a fair reflection of the sentiment toward the buck. But here's what it likely means...