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EWM Interactive Forex
08.05.2024
Forex traders are once again daring the Bank of Japan to intervene as USDJPY is up by nearly 350 pips from last week's bottom.
USDCAD is rising this week in a recovery, which Elliott Wave analysis helped us to predict over the weekend. Is it too late to join the bulls?
EURUSD is trading in the red after three consecutive weeks of gains. Has the downtrend resumed? Read in our latest Elliott Wave update.
05.05.2024
The Bank of Japan finally showed determination about stopping USDJPY from climbing further by intervening twice in the forex market last week.
USDCAD traded in a wide range of 175 pips last week, but neither the bulls nor the bears achieved much as the pair closed just 15 pips up.
04.05.2024
EURUSD rose last week after Fed rate cut expectations were pulled forward again following a dovish Jay Powell and a soft jobs report.
01.05.2024
USDCAD is up sharply this week as traders brace for a hawkish Fed later today amid sluggish GDP growth rates in Canada.
The suspected intervention by the BOJ hasn't achieved much so far as USDJPY is almost back at the level it was trading prior to it.
EURUSD has now erased almost all of last week's gains as traders brace for the FOMC decision on interest rates later today.
28.04.2024
In today's Elliott Wave analysis of EURUSD we identify the key price level forex traders must pay close attention to.
The BOJ's indecisiveness pushed USDJPY to a new 34-year high last week as the bulls no longer seem to fear the central bank.
27.04.2024
USDCAD dipped last week even as stubbornly high inflation is expected to delay any rate cuts by the Fed at least to September.
24.04.2024
The 1.3850 resistance proved to be too strong for USDCAD bulls to breach again as the pair is down for the second week in a row.
EURUSD is up for the second straight week, but Friday's PCE index could easily throw it into chaos, given its Elliott Wave pattern.
USDJPY is on the verge of reaching another major milestone in the face of the 155.00 mark, as the bulls dare the BOJ to intervene.
21.04.2024
EURUSD is about to get volatile again as traders brace for US GDP data on Thursday and the all-important core PCE index on Friday.
USDJPY came close to the 155.00 mark last week as the Fed's long-awaited rate cuts have been pushed further into the future once again.
20.04.2024
Despite postponed Fed rate cuts, USDCAD closed in negative territory last week after the pair bumped into the resistance level near 1.3850.
17.04.2024
USDCAD is up for the third straight week and is already trading within the strong resistance area between 1.3800 and 1.3900.
EURUSD remains under pressure as the ECB is expected to cut rates in June, while the Fed might not even begin to ease this year.
The BOJ might have ended its ultra-loose policy, but stubborn US inflation and reduced Fed rate cut hopes are not helping USDJPY bears.
14.04.2024
EURUSD plunged as the ECB is almost certain to cut rates in June, while high US inflation is likely to prevent the Fed from doing so.
13.04.2024
USDCAD soared last week after higher-than-expected March inflation crushed traders' hopes for three rate cuts by the Fed this year.
USDJPY surged to a new multi-decade high above 153.00 last week on the back of higher-than-expected US inflation in March.
10.04.2024
Elliott Wave analysis is helping us to identify the key price level which must hold in order for EURUSD's rally to survive.
USDCAD is down this week as traders await today's CPI hoping that it will give a hint of when is the Fed going to start cutting rates.
USDJPY is calmly hovering below 152.00 ahead of today's US inflation report. Can the pair finally breach this mighty resistance level?
07.04.2024
EURUSD surged sharply last week even as the ECB might start lowering rates before the Fed does. Elliott Wave analysis makes it make sense.
06.04.2024
USDJPY again failed to exceed 152.00 last week, but the bulls believe that a breakout is only a matter of time. Is it, though?
In today's Elliott Wave analysis of USDCAD we examine if the pair's timid recovery can gather more pace and identify the key level to watch.
03.04.2024
USDCAD bulls are trying to recoup last week's losses. In today's Elliott Wave update we examine their chances of success.
EURUSD is down for the fourth straight week and the bulls are probably wondering if the support near 1.0700 is going to hold.
The Bank of Japan may have scrapped its ultra-loose monetary policy, but that didn't discourage USDJPY bulls from pushing higher.
31.03.2024
USDJPY nearly conquered the 152.00 mark last week, before losing momentum to close the session ten pips down on Friday.
USDCAD lost traction at the end of March and the bulls couldn't make it to three months with gains in a row. Can the uptrend resume in April?
EURUSD fell for the third week in a row and finished the month of March below the 1.0800 mark. Should we expect a reversal in April?
27.03.2024
In today' Elliott Wave update of USDJPY we examine the pair's most likely path going forward as the yen keeps sliding against the dollar.
USDCAD keeps gravitating around 1.3600, which has proven to be an important resistance level in the past. Can the bulls break it soon?
In today's Elliott Wave update of EURUSD we examine two scenarios for the pair going forward and the key level separating them.
24.03.2024
EURUSD plunged last week as both the Fed and the ECB seem poised to start cutting interest rates in June. Is there a support in sight?