EURUSD rose last week, boosted by a softer-than-expected NFP report, which reduced pressure on the Fed to hike rates. Is the pair's 2026 slide over, though? 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 – July 6th, 2026 appeared first on EWM Interactive.

USDJPY climbed to a 40-year high, but still finished in the red last week as traders decided not to push their luck given the BOJ intervention threat. In today's Elliott Wave analysis we discuss if buying this dip is worth the risk. To access this article you need to have an active subscription The post Elliott Wave Analysis of USDJPY – July 6th, 2026 appeared first on EWM Interactive.

USDCAD eked out a small weekly gain as June turned into July even after US non-farm payrolls came in soft. Should traders join the bulls right away or wait for a pullback? 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 – July 6th, 2026 appeared first on EWM Interactive.

One of the first things people learn about Elliott Wave analysis is that five-wave impulse patterns point in the direction of the larger trend. The clearer the pattern, the better. But then they get to the chapter about flat corrections, where an impulse is actually the final wave of a correction, right before the preceding trend resumes. This makes it difficult and, to be honest, it never gets easy. You just get used to remembering the always-present flat correction possibility. This is what we recently had to deal with in USDCAD. 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 chart above, included in our EW Pro analysis on May 4th, revealed a very clear five-wave impulse to the downside. We marked it i)-ii)-iii)-iv)-v), where two lower degrees of the trend were visible within wave iii). The simplest conclusion was that more weakness can be expected, but not before a corrective recovery in wave b) was in place. Two weeks later, however, we decided to voluntarily change our mind, before the market forced us to. USDCAD did, indeed, rise to over 1.3700 as we’d expected, but the structure of that recovery didn’t look corrective. Instead, it was too sharp and fast, increasing the probability that something else was happening. We decided to take a step back and saw that that impulse pattern could also fit in the position of wave c) of an a)-b)-c) running flat retracement. Wave b) being this large was unusual, but it didn’t violate any Elliott Wave rules. So, with USDCAD near 1.3770, this bullish count became our primary one, putting initial targets north of 1.4000 within the bulls’ reach. More than a month later now, the pair is hovering around 1.4200. Confidence is a virtue in many respects and we’ve plenty of good things to say about sticking to the plan until proven wrong. But there is also nothing wrong with changing your mind if the evidence is piling up against you. Here, proven wrong would’ve meant staying short while USDCAD rises by another 200 pips to as high as 1.3967. Instead, avoiding being too confident in the markets allowed us to see that there was something wrong with that recovery and that maybe it wasn’t corrective at all. As Gary Stevenson put it in his book ‘The Trading Game’: ‘Being wrong is not a sin. Staying wrong is.’ In our Elliott Wave PRO subscriptions we provide analyses of Bitcoin, Gold, Crude Oil, EURUSD, USDCAD, USDJPY and the S&P 500 twice a week! Check them out now! The post Changing Our Mind to Stay Ahead in USDCAD appeared first on EWM Interactive.

While EURUSD lost 2.8% in the first half of 2026, trends rarely last very long between major forex pairs. Can a reversal be expected 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 EURUSD – July 1st, 2026 appeared first on EWM Interactive.

USDJPY reached a new 40-year high this week despite growing intervention expectations. Should traders keep testing the BOJ's patience? 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 – July 1st, 2026 appeared first on EWM Interactive.

USDCAD gained 2%, or more than 280 pips, in Q2 as the inverse correlation with crude oil went into effect amid Iran peace talks. How much further can the pair rise or is a reversal on the cards? 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 – July 1st, 2026 appeared first on EWM Interactive.

In a drop Elliott Wave analysis put us ahead of, EURUSD fell to its lowest in more than a year last week on hawkish Fed rhetoric and stagnating EU economy. Can the bulls begin to fight back soon? Read in our latest update. To access this article you need to have an active subscription The post Elliott Wave Analysis of EURUSD – June 29th, 2026 appeared first on EWM Interactive.

USDJPY equaled its multi-decade high reached in mid-2024 despite BOJ intervention talks. Can the uptrend simply continue or should we brace for a reversal? 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 – June 29th, 2026 appeared first on EWM Interactive.

USDCAD climbed for the fourth week in a row and is up 2.9% in June so far. How much further can the pair rise before the bulls bump into a 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 – June 29th, 2026 appeared first on EWM Interactive.

EURUSD is down by more than 120 pips this week already amid the ongoing divergence between a booming US economy and the stagnant Eurozone. Can the bulls show up soon anyway? 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 – June 24th, 2026 appeared first on EWM Interactive.

In today's update of USDJPY we put the current rally in Elliott Wave context as the BOJ is also giving signs that it will not tolerate the yen weakening much further. To access this article you need to have an active subscription The post Elliott Wave Update of USDJPY – June 24th, 2026 appeared first on EWM Interactive.

USDCAD is up for the fourth week in a row and trading above 1.4200 for the first time in more than a year. Can the rally continue or are the bulls overstaying their welcome 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 – June 24th, 2026 appeared first on EWM Interactive.

EURUSD lost almost 100 pips last week as strong US economic data and rising inflation led to a more hawkish Fed than expected. Is there a bottom in sight for the Euro bulls to rely on? 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 – June 22nd, 2026 appeared first on EWM Interactive.

USDCAD rose for the third week in a row to close confidently above the 1.40 psychological resistance level. Can the bulls keep pushing and how high can they go this time? 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 – June 22nd, 2026 appeared first on EWM Interactive.

USDJPY came close to a new 40-year high last week despite a BOJ rate hike and intervention talk. Is this a good time to join the bulls or are they playing with fire here? 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 – June 22nd, 2026 appeared first on EWM Interactive.

EURUSD is up this week ahead of FOMC's interest rate decision later today. In today's Elliott Wave update we discuss if those gains can last 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 EURUSD – June 17th, 2026 appeared first on EWM Interactive.

USDCAD is trading at the 1.4000 resistance level ahead of FOMC's first rate decision under Chairman Warsh. Can the pair keep climbing is a reversal on the cards? 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 – June 17th, 2026 appeared first on EWM Interactive.

USDJPY has barely moved since the start of the week as both bulls and bears wonder if a decisive breach of the 160.00 resistance can be achieved. Elliott Wave analysis is giving us a hint already. To access this article you need to have an active subscription The post Elliott Wave Update of USDJPY – June 17th, 2026 appeared first on EWM Interactive.

USDCAD rose again last week, but it has yet to achieve a meaningful break above the key 1.4000 resistance area. Are the bears going to prevent it again? 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 – June 15th, 2026 appeared first on EWM Interactive.