Foreign exchange is the world's biggest market, with daily trading volume of $5+ trillion -- about 10 times the total volume of the world's stock exchanges combined. High liquidity and 24-hour access are just two reasons why millions of traders focus on currencies exclusively.
After its March peak, the Dollar Index went mostly sideways. Yet the Elliott Wave pattern in late April pointed to an opportunity ahead in May and June. See for yourself what followed.
Nothing beats the Elliott wave model for anticipating what's next for a widely traded financial market. At the same time, sentiment indicators can also be highly useful to market participants. With that in mind, let's examine the U.S. Dollar Index.
On April 3, GMP showed the pattern in AUSUSD -- as prices had unfolded in 5 waves down from 2011. This meant a long-term low was at hand: Now see the chart for what happened next.
Technical analysis of price trends doesn’t have to be complicated. Watch one of the instructors of our trading course "How to Win in FX & Cryptos" show you how to use trend channels to see what's next. (Aussie dollar in focus.)
Mainstream analysis missed the major opportunity in the EURGBP, yet Elliott wave forecasts gave subscribers multiple "heads up" about the action: See it now in Chart of the Day.
Bitcoin recently experienced a scheduled event, the so-called halving. What is it -- and more importantly, is it always bullish for Bitcoin's price? Log in --or sign up for free -- to watch our Crypto Pro Service editor walk you through Bitcoin's key Elliott wave patterns.
There was no fundamental reason for the euro to turn down against the dollar -- yet there was a clear bearish Elliott wave set up. See it here for yourself.
Inter-market correlations can persist for a long time. Watch our Asian-Pacific Short Term Update editor show you the current correlation between local currencies and stocks -- and explain what it likely means for the trend in both. (South Korea and Singapore in focus.)
When the Elliott Wave triangle pattern is complete, a “thrust” follows -- a sharp, swift, move in the opposite direction. See how this unfolded in the Dollar/Rupee, after our Currency Pro Service forecast told subscribers the stage was set.
When you invest in foreign markets, it's vital to know which currencies are trending towards strength -- and which ones are getting weaker. The Australian dollar has been an underperformer lately. Log in -- or sign up for FREE -- to watch our Currency Pro Service analyst explain why that may be about to change.
In the first three months of 2020, the Ruble fell to a four-year low against the U.S. Dollar. When it started, this trend went against the bullish conventional wisdom on the Ruble: now see the chart and forecast that called it in December 2019.
With Bitcoin and other cryptos trading well off their recent lows, you are hearing a lot about the reasons why. Some people say that Bitcoin goes where stocks -- or gold -- or U.S. dollar -- go. Is this true? Watch our Cryptocurrency Pro Service analyst explain.
Price action in the U.S. Dollar Index moved quickly in March and April: Yet from an Elliott Wave perspective, the moves were not random. There was in fact a near-term opportunity.
The British Pound recently hit a 35-year low against the US Dollar, yet in a matter of days rose in a 9-plus percent rally thru March 27. There's only one way that forex traders enjoy moves like these -- and that's with a "saw-that-coming" forecast.