USDJPY is up for the third straight week as the US yield curve is rising across the board and attracting traders to the dollar. Should we expect the rally to continue? Read in our latest Elliott Wave update. To access this article you need to have an active subscription The post Elliott Wave Update of USDJPY – November 20th, 2024 appeared first on EWM Interactive.

USDCAD is down sharply this week just when the bulls thought that they've finally cleared the 1.4000 resistance area. Is the uptrend still intact or broken already? Read in our latest Elliott Wave update. To access this article you need to have an active subscription The post Elliott Wave Update of USDCAD – November 20, 2024 appeared first on EWM Interactive.

EURUSD is attempting to stage a recovery and is up by roughly 30 pips this week. Can the bulls be trusted or is this just another corrective rally to sell? Read in our latest Elliott Wave update. To access this article you need to have an active subscription The post Elliott Wave Update of EURUSD – November 20, 2024 appeared first on EWM Interactive.

USDJPY seemed on its way to the 157.00 mark at one point last week, before tumbling by 240 pips to close the trading session below 154.50. Is this just another dip to buy? Read in our latest Elliott Wave analysis. To access this article you need to have an active subscription The post Elliott Wave Analysis of USDJPY – November 18, 2024 appeared first on EWM Interactive.

EURUSD briefly dipped below 1.0500 before closing the week down by nearly 180 pips. Is there a support in sight the bulls can look forward to? Read in our latest Elliott Wave analysis. To access this article you need to have an active subscription The post Elliott Wave Analysis of EURUSD – November 18, 2024 appeared first on EWM Interactive.

USDCAD closed in the vicinity of 1.4100 last week after briefly exceeding that level on Friday. How much further can the bulls go before bumping into a strong resistance? Read in our latest Elliott Wave analysis. To access this article you need to have an active subscription The post Elliott Wave Analysis of USDCAD – November 18, 2024 appeared first on EWM Interactive.

The Singapore Dollar has been one of the few currencies, especially among the Asian ones, which managed to hold their ground against the US dollar in the years after the 2008 Financial Crisis. USDSGD rose to nearly 1.5600 in 2009, before briefly tumbling below 1.2000 in 2011. The pair has been locked between 1.3000 and 1.4600 for a decade now and currently trades near 1.3450. According to the Elliott Wave chart below, however, it might soon break the upper boundary of that range. Similar Elliott Wave setups occur in the crypto, commodity and stock markets, as well. Our Elliott Wave Video Course can teach you how to uncover them yourself! The weekly chart of USDSGD shows that the recovery from the 2011 bottom up to 1.4546 in 2017 is a five-wave impulse. We’ve labeled the pattern (1)-(2)-(3)-(4)-(5), where two lower degrees of the trend are also visible within the structure of wave (3). That impulse was followed by an (a)-(b)-(c) expanding flat correction. Wave (b) is a simple a-b-c zigzag to a new high, while wave (c) is an ending diagonal, marked 1-2-3-4-5. It looks like waves A and B are in place already. According to the theory, we can expect USDSGD to head in the direction of the impulse sequence going forward. The sharp bullish reversal from the 61.8% Fibonacci support level indicates that wave C up has already begun. If this count is correct, upside targets in the 2009 resistance area between 1.5000 and 1.5500 make sense. The next couple of years are likely to be tough for Singapore dollar bulls. In our Elliott Wave PRO subscriptions we provide analyses of Bitcoin, Gold, Crude Oil, EURUSD, USDCAD, USDJPY and the S&P 500 every Sunday and Wednesday! Check them out now! The post USD to Revisit 2009 Highs Versus Singapore Dollar appeared first on EWM Interactive.

In today's update of USDJPY we put this week's rally in Elliott Wave context and identify the key level to watch for trading purposes. To access this article you need to have an active subscription The post Elliott Wave Update of USDJPY – November 13th, 2024 appeared first on EWM Interactive.

EURUSD is down by over 100 pips again this week in a selloff Elliott Wave analysis helped us to predict. Where are the bears ultimately headed? Read in our latest update. To access this article you need to have an active subscription The post Elliott Wave Update of EURUSD – November 13, 2024 appeared first on EWM Interactive.

USDCAD is up slightly this week as forex traders brace for today's CPI report. Can we see a decisive breach of the resistance just under 1.4000 soon? Read in our latest Elliott Wave update. To access this article you need to have an active subscription The post Elliott Wave Update of USDCAD – November 13, 2024 appeared first on EWM Interactive.

USDJPY rose sharply after Trump's election victory, but then lost most of those gains to finish the week in the red. Is this a dip to buy or could it be the start of a bigger selloff? Read in our latest Elliott Wave analysis. To access this article you need to have an active subscription The post Elliott Wave Analysis of USDJPY – November 11, 2024 appeared first on EWM Interactive.

USDCAD fell a bit last week, but remains within the resistance area near 1.3900. Can the bulls finally break it and proceed higher after two years of trying? Read in our latest Elliott Wave analysis. To access this article you need to have an active subscription The post Elliott Wave Analysis of USDCAD – November 11, 2024 appeared first on EWM Interactive.

EURUSD plunged last week as Trump's re-election paves the way for tariffs and lower economic growth in the EU. Elliott Wave analysis warned us about this selloff. What's left of it? Read in our latest update. To access this article you need to have an active subscription The post Elliott Wave Analysis of EURUSD – November 11, 2024 appeared first on EWM Interactive.

EURUSD is plunging as Donald Trump's lead in the US election is bad news for the EU. How much further can the pair fall from here? Read in our latest Elliott Wave update. To access this article you need to have an active subscription The post Elliott Wave Update of EURUSD – November 6th, 2024 appeared first on EWM Interactive.

USDCAD is up sharply Wednesday as Donald Trump is projected to win the US election. In today's Elliott Wave update we examine where this jump fits into the bigger picture and if forex traders can rely on it to continue. To access this article you need to have an active subscription The post Elliott Wave Update of USDCAD – November 6th, 2024 appeared first on EWM Interactive.

USDJPY jumped sharply as Donald Trump takes a commanding lead in the US election, but can traders rely on this uptrend to continue? Read in our latest Elliott Wave update. To access this article you need to have an active subscription The post Elliott Wave Update of USDJPY – November 6th, 2024 appeared first on EWM Interactive.

EURUSD bulls tried to fight back in the last week of October, but the pair still closed down 2.3% for the month. Can they turn things around in November or should we expect further weakness? Read in our latest Elliott Wave analysis. To access this article you need to have an active subscription The post Elliott Wave Analysis of EURUSD – November 4th, 2024 appeared first on EWM Interactive.

USDCAD added a fifth week to its winning streak and finished the month of October with a 3% gain. Can the bulls now deal with the resistance near 1.4000 or are they in for another setback? Read in our latest Elliott Wave analysis. To access this article you need to have an active subscription The post Elliott Wave Analysis of USDCAD – November 4, 2024 appeared first on EWM Interactive.

USDJPY surged nearly 6% in October amid strong US economy and political changes in Japan. Can we expect more of the same in November or a reversal after the US election? Read in our latest Elliott Wave analysis. To access this article you need to have an active subscription The post Elliott Wave Analysis of USDJPY – November 4th, 2024 appeared first on EWM Interactive.

EURUSD is trading in positive territory for the first time in five weeks helped by the support near 1.0750. Can it hold the bears for long, though? Read in our latest Elliott Wave update. To access this article you need to have an active subscription The post Elliott Wave Update of EURUSD – October 30th, 2024 appeared first on EWM Interactive.