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Market Insight: USDJPY Completes a 5-Wave Rally
Once the market makes the move, it's easy to find economic or political factors to pin it on. What’s hard is to know where the market will go before the news.

By Vadim Pokhlebkin
5/16/2013 5:15:00 PM

On May 15, just as EURUSD broke below the psychologically important price level of 1.30, USDJPY staged a rally. The mainstream forex news sources cited various fundamental factors for the dollar strength/yen weakness. Yet, as you have probably noticed, those explanations almost always make perfect sense -- but only after the fact.

Filed Under: currency, Elliott wave, Elliott Wave trading, forex, forex trading, Japanese yen, U.S. dollar, usd/jpy

Category: Currencies


While EURUSD Lags, Other Forex Markets Are on the Move
While the euro has gone flat, USDCAD, USDCHF and EURJPY have done -- or are about to do -- the opposite.

By Vadim Pokhlebkin
5/7/2013 6:45:00 PM

If EURUSD were a cardiac patient, this is the moment when the doctor would give the order: "Do not attempt to resuscitate." Seriously, take a look at what the euro has done since the start of this month...

Filed Under: currency, Elliott Wave trading, euro, forex, forex trading, Japanese yen, Swiss franc, usd/jpy

Category: Currencies


USDJPY: Will It?..
Given how close the yen has come to the psychologically-important level of 100, everyone wants to know: Will it break above?

By Vadim Pokhlebkin
4/22/2013 3:45:00 PM

To answer this question from an Elliott wave perspective, you need to study the wave patterns in USDJPY. Let's take a look...

Filed Under: Elliott wave, Elliott Wave trading, forex, forex trading, Japanese yen, U.S. dollar, usd/jpy

Category: Currencies


USDJPY: How Much Higher Will It Go?
You've heard that the Japanese yen is doomed. Now see what Elliott waves are saying.

By Vadim Pokhlebkin
4/9/2013 4:00:00 PM

"Yen Weakens Beyond 99 per Dollar for First Time Since May 2009," said an April 8 headline. True, USDJPY, the dollar-yen exchange rate and a popular forex pair, has been on fire -- for months. This chart shows you just how huge the rally in the U.S. dollar -- and the weakness in the yen -- have been...

Filed Under: Bank of Japan, Elliott wave, Elliott Wave trading, forex, forex trading, Japanese yen, technical analysis, U.S. dollar, usd/jpy

Category: Currencies


Abenomics in Japan: Have They Fueled the Nikkei's Astounding Surge?
Nope, Japan's market action is a matter of pattern, not policy, says EWI analyst

By Nathaniel Williams
3/18/2013 6:00:00 PM

Case in point: The Asian-Pacific Financial Forecast did not attribute the Nikkei's surge to Japan Prime Minister Shinzo Abe's new economic policies -- because it had already anticipated the move a month before his election victory.

Filed Under: Japanese yen, Nikkei

Category: Asian Markets


USDJPY: Putting the News Into Elliott Wave Context
The Japanese yen has just gotten stronger. Will it last?

By Vadim Pokhlebkin
3/12/2013 11:15:00 PM

Like most traders, you probably watch market news closely. But wave analysis helps you put the news in the right context. Take the drop in USDJPY on March 12...

Filed Under: Bank of Japan, Elliott wave, Elliott Wave trading, forex, forex trading, Japanese yen, U.S. dollar, usd/jpy

Category: Currencies


China's Colossal Real Estate Boom is "Unprecedented in Human History"
Ghost cities are sprawled across the landscape

By Bob Stokes
3/6/2013 9:15:00 AM

China is the home of the biggest real estate bubble in human history. A financial analyst estimates the government is "building somewhere between 12 and 24 new cities every single year." Even China's middle class have poured their savings into real estate investments. Find out what EWI's Asian-Pacific Forecast Service sees ahead for China.

Filed Under: Asia Dollar Index, ASX All Ordinaries, Chinese markets, Indian markets, Japanese yen, Korean Won, Nikkei, Shanghai Composite Index, Taiwan index, yuan

Category: Asian Markets


USDJPY: The "Indecisiveness" Is About to End
Charts show that the Japanese yen has been in a large Elliott wave triangle pattern

By Vadim Pokhlebkin
2/22/2013 2:45:00 PM

After a huge multi-month rally, USDJPY has been taking it easy. Lately, the yen has seen a lot of volatility, but little progress in either direction. Here's what price action in USDJPY looks like over the past few days...

Filed Under: Elliott wave, Elliott Wave trading, forex, forex trading, Japanese yen, technical analysis, trendlines, U.S. dollar, usd/jpy, video

Category: Currencies


USD/JPY: An Elliott Wave Insight

By Vadim Pokhlebkin
2/13/2013 5:45:00 PM

USD/JPY has been volatile this week, ahead of the G20 finance ministers' summit in Moscow on Friday and Saturday (Feb. 15-16). There are two ways to know what to expect from USD/JPY over the next few days.

Filed Under: Bank of Japan, Elliott wave, Elliott Wave trading, Fibonacci, forex, forex trading, Japanese yen, technical analysis, U.S. dollar

Category: Currencies


USD/JPY: What a "Third" Elliott Wave Looks Like
The Japanese yen has been getting weak in a hurry -- a signature third-wave move.

By Vadim Pokhlebkin
2/4/2013 5:00:00 PM

Since October, the most popular trade in forex has been to sell the Japanese yen, buy the U.S. dollar. As a result, USD/JPY, the exchange rate between the dollar and the yen, has been moving up in what an Elliottician would only refer to as a "third wave." Take a look...

 

Filed Under: Elliott wave, Elliott Wave trading, Fibonacci, forex, forex trading, Japanese yen, U.S. dollar, usd/jpy

Category: Currencies


Market Insight: USD/JPY (Dollar/Yen)

By Vadim Pokhlebkin
1/22/2013 10:45:00 PM

The Japanese yen began losing against the U.S. dollar in October 2012, getting a lot of attention from forex investors, who made betting against the JPY (and in favor of the USD) one of the most popular forex trades over the past few months.

But lately

The Japanese yen began losing against the U.S. dollar in October 2012, getting a lot of attention from forex investors, who made betting against the JPY (and in favor of the USD) one of the most popular forex trades over the past few months. But recently...

Filed Under: currency, Elliott wave, Elliott Wave trading, forex, forex trading, Japanese yen, U.S. dollar, usd/jpy

Category: Currencies


Japanese Yen: Fall No More?
Is the long rally in USD/JPY finally ending, if JPY indeed takes the upper hand?

By Vadim Pokhlebkin
1/18/2013 5:00:00 PM

These are many convincing reasons why the JPY "should" get stronger -- thus pushing USD/JPY, the dollar/yen exchange rate, lower. But we've seen markets brazenly ignore the apparent sound logic of "the fundamentals" many times. Here's why that happens...

Filed Under: Bank of Japan, Elliott wave, Elliott Wave trading, forex, forex trading, Japanese yen, U.S. dollar

Category: Currencies


USD/JPY Falls -- And Elliott Waves See It Coming a Mile Away
Wave analysis has an uncanny ability to warn of big forex market moves before the news

By Vadim Pokhlebkin
1/15/2013 11:00:00 PM

On Monday, January 14, the Japanese yen rose from a 2-1/2-year low against the U.S. dollar, sending USD/JPY sharply lower. According to one news source, "investors took profit." Fair enough -- a perfectly good explanation of past market action based on an important event. But that's where the Elliott wave approach is different.

Filed Under: Bank of Japan, Elliott wave, Elliott Wave trading, forex, forex trading, Japanese yen, technical analysis, U.S. dollar

Category: Currencies


USD/JPY: Mapping Out the Terrain
Does your market-forecasting method allow you the same precision?

By Vadim Pokhlebkin
11/20/2012 5:00:00 PM

On November 15, the editor of EWI's forex-focused Currency Specialty Service, Jim Martens, wrote on his Twitter feed, EWI Forex Insider": "Yen just fell to 6-mo low against US dollar. It's not over. But first expect USD/JPY to correct a Fibonacci 38.2%-61.8% of the rally." And here's what happened next...

Filed Under: Elliott wave, Elliott Wave trading, Fibonacci, forex, forex trading, Japanese yen, technical analysis, trading lessons, U.S. dollar

Category: Currencies


USD/JPY: Lemons into Lemonade
How Elliott wave analysis helps you as a forex trader with built-in, risk-defining safeguards

By Vadim Pokhlebkin
11/16/2012 3:45:00 PM

On these pages, you've seen examples of how Elliott wave analysis can help you anticipate forex market moves. You've also heard us say that wave analysis is not a crystal ball. But here's what is remarkable: Even when your Elliott wave forecast doesn't pan out, you have built-in safeguards to alert you -- and help you manage risk. Here's a real-life example.

Filed Under: Elliott wave, Elliott Wave trading, forex trading, Japanese yen, technical analysis, trading lessons, U.S. dollar

Category: Currencies


Forex Trading: How to Pick the Right Opportunity
Most popular currency pairs aren't necessarily where the best opportunities are.

By Vadim Pokhlebkin
11/13/2012 4:30:00 PM

By volume, EUR/USD and USD/JPY are the two most actively traded currency pairs in the forex market. GBP/USD is third, with EUR/JPY generally fourth. Forex traders have their favorites.Of course, today's online trading platforms allow you to trade just about any forex pair out there. But why would you want to deviate from the "big four"? Here's why...

 

Filed Under: Elliott wave, euro/USD exchange rate, Fibonacci, forex, forex trading, Japanese yen, sterling, technical analysis, technical indicators, trade targets, trading lessons

Category: Currencies


USD/JPY: See Why Japanese Yen Has Been Weakening
Join Forex FreeWeek at elliottwave.com and see all the forex forecasts -- 100% free! Less than 48 hours left.

By Vadim Pokhlebkin
10/22/2012 6:45:00 PM

"Yen Falls for Eighth Day After Exports Slump..." said an October 22 Bloomberg headline. That's as fine a "fundamental" explanation as you'll ever hear. But here's what the yen looks like from a technical analysis point of view -- that of Elliott wave analysis, to be exact.

Filed Under: Elliott Wave trading, forex, Japanese yen, U.S. dollar

Category: Currencies


USD/JPY: How to Know the Trend BEFORE the News
An example of how basic Elliott wave analysis prepared you for a recent up-and-down sequence in dollar-yen

By Vadim Pokhlebkin
10/12/2012 6:00:00 PM

In forex, one of the most-watched economic reports is the U.S. jobs number, released every Friday morning at 8:30 a.m. Eastern. Forex markets often get volatile around the release of the jobs report. But do the markets jump around because of it? Let's look at a fresh example.

Filed Under: Elliott Wave trading, euro, forex, forex trading, Japanese yen, technical analysis, technical indicators, trade targets, trading lessons, U.S. dollar

Category: Currencies


Australian Dollar: "Still Surging" -- Why, Again?
This is a story we've seen repeated in the forex markets again and again.

By Vadim Pokhlebkin
7/19/2012 6:30:00 PM

Picture this. It's late May. You're in Australia. You have an interest in the currency markets: Maybe you speculate in forex; maybe your business depends on the exchange rates. Every morning, you scan the headlines. This is what you see regarding the Australian dollar during the last week of May...

Filed Under: Asia Dollar Index, currency, Elliott Wave trading, euro, euro/USD exchange rate, forex, forex trading, Japanese yen, safe haven, Singapore Dollar, Swiss franc, technical analysis, technical indicators, trade targets, Traders, trading lessons, U.S. dollar, usd/jpy, yuan

Category: Currencies


Forex Traders: Watch This Video -- Then Join Our Special, FREE FX-Trading Event on July 18-26
On July 18, join us for the free 45-minute live forex webinar, "How to Trade the Top 5 Forex Opportunities Right Now."

By Vadim Pokhlebkin
7/13/2012 4:30:00 PM

Every day, forex markets present you with multiple potential trading opportunities. For example, here's what the Elliott wave picture in the 12 most-traded currency pairs looks like today...

Filed Under: currency, Elliott wave, Elliott Wave Education, Elliott Wave Principle, Elliott Wave trading, euro, forex, forex trading, Japanese yen, online trading, sterling, Swiss franc, technical analysis, U.S. dollar, usd/jpy, video

Category: Currencies


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© 2013 Elliott Wave International

The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.