Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and He also is founder of forex services on provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website:

OIL Elliott Wave Analysis: Bearish Reversal

Crude oil has turned bearish recently with a sharp reversal down from around 104.00 level and through the lower support line of a corrective channel. A reversal from the highs is very strong with increasing volume and momentum, and impulsive price action. Therefore we believe that wave (c) down is under way back to

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EURUSD Elliott Wave Analysis: Correction With In Uptrend

EURUSD has been trading to the upside last week after broken channel line connected from 2014 highs with impulsive price action from 1.3671. As such, we think that

GOLD Elliott Wave Analysis: Rally Into Resistance Zone

Gold is recovering from 1277 low but still showing a corrective personality because of an overlapping price action. Therefore we think that rally from the low is temporary;

USDJPY Elliott Wave Analysis: Bearish Continuation

As expected, USDJPY extended its weakness and even accelerated to the downside in this week. A sharp move like this is personality of an impulsive price action so

USDCHF Elliott Wave Analysis: Bearish Reversal In View

USDCHF has turned nicely to the downside since Friday, clearly in impulsive manner. Notice that market also retraced back to the area of wave B swing low after

USDCAD Remains Bullish: Elliott Wave Forecast

USDCAD 4h Elliott Wave Analysis USDCAD moved to a new high last week after an impulsive rally and break out of a triangle. We see pair now in continuation

USDJPY Elliott Wave Forecast: Looks More Bearish Below 101.90

USDJPY has turned up from channel support line but we need to keep in mind a bigger pattern; a three wave rally to 103.74 followed by an impulse

USDJPY Elliott Wave Analysis: Corrective Rally

It seems that USDJPY has finally found the base at 101.17 where we labeled a completed wave (b) and that price is now heading to the upside within

GOLD May Face Resistance: Elliott Wave Analysis

Gold has extended it's gains well above 1300 mark in the last few weeks from 1251, triangle low. Notice that we have adjusted the wave count but actually

GOLD Elliott Wave Analysis: Faces Resistance Around 1330

Gold broke above 1300 mark, making an extended leg from 1251, triangle low. Notice that we have adjusted the wave count but actually massage is the same; we