The Yen has been consolidating in price since 2016, following two major moves since the global financial crisis. The 4-year bear move from 2008 till 2012 saw the USDJPY drop from 123 to roughly 75, nearly 40% lower.
If you are a subscriber of ForexAnalytix you already know that we are still expecting another leg up on USD Index to complete bullish cycle from 2011.
Good day traders! The German Dax and the S&P500 have maintained a negative correlation during the past few weeks with the US market trading at all-time highs while the DAX losing nearly 7% since the June 20th high.
The EURGBP has been moving higher since the middle of April but we have good reasons to believe that upside momentum has stalled and in fact we are reversing lower.
Grega is going over the GBPUSD, GBPJPY, Crude Oil using his Elliott Wave “magic”.
Turkey is certainly a very interesting and, at times, controversial country. As a result the Turkish Lira can exhibit very volatile behaviour, something that has been particularly evident over the past decade.
Since last year’s UK referendum, Sterling has been the subject of heated debate among market participants and observers. GBP volatility has remained elevated and moves have been knee-jerk to say the least. We are going to have a look at the EUR vs. GBP pair in particular, in an effort to make sense of what’s […]
US Equity markets have been in a prolonged, near straight-line rally for almost 8 years now. This rally started after the 2007-2008 financial crisis and has been relentless in momentum,
Nearly six months ago when we launched ForexAnalytix, our analyst Gregor Horvat highlighted his bullish view on USD index through his Elliott Wave charts.