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In this video I want to look at some basics of Elliott Wave analysis and how to spot top/bottom or reversal of a trend. There are specific patterns that can help us define useful set-ups for potential trade idea.

 

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Editors’ Picks

EUR/USD advances toward 1.0850 ahead of Lagarde

EUR/USD advances toward 1.0850 ahead of Lagarde

EUR/USD is extending gains toward 1.0850 in the European session on Monday. The US Dollar is dragged lower by sluggish US Treasury bond yields, despite a tepid market mood. Lagarde's speech and US data are next in focus. 

EUR/USD News

GBP/USD recovers toward 1.2700 despite cautious mood

GBP/USD recovers toward 1.2700 despite cautious mood

GBP/USD has managed to reverse losses, heading toward 1.2700 on Monday, even as investors remain on a cautious footing. A modest downtick in the US Dollar alongside the US Treasury bond yields is lending support to the pair. BoE Pill's speech and US housing data are awaited. 

GBP/USD News

Japanese Yen bears not ready to give up yet amid reduced bets for a BoJ policy shift

Japanese Yen bears not ready to give up yet amid reduced bets for a BoJ policy shift

The Japanese Yen continues with its struggle to gain any meaningful traction and oscillates in a range against its American counterpart heading into the European session on Monday. The near-term bias, meanwhile, seems tilted in favour of bears in the wake of expectations that the BoJ will delay its plan to tighten policy amid a recession in Japan.

USD/JPY News

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Stay updated of all the news

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Editors’ Picks

EUR/USD advances toward 1.0850 ahead of Lagarde

EUR/USD advances toward 1.0850 ahead of Lagarde

EUR/USD is extending gains toward 1.0850 in the European session on Monday. The US Dollar is dragged lower by sluggish US Treasury bond yields, despite a tepid market mood. Lagarde's speech and US data are next in focus. 

EUR/USD News

GBP/USD recovers toward 1.2700 despite cautious mood

GBP/USD recovers toward 1.2700 despite cautious mood

GBP/USD has managed to reverse losses, heading toward 1.2700 on Monday, even as investors remain on a cautious footing. A modest downtick in the US Dollar alongside the US Treasury bond yields is lending support to the pair. BoE Pill's speech and US housing data are awaited. 

GBP/USD News

Gold price consolidates around 50-day SMA, downside seems cushioned amid sliding US bond yields

Gold price consolidates around 50-day SMA, downside seems cushioned amid sliding US bond yields

Gold price (XAU/USD) attracts some dip-buying during the early part of the European session, albeit lacks follow-through and remains below a two-week high touched on Friday.

Gold News

XRP price drops to $0.53 amidst concerns whether the SEC will settle its lawsuit against Ripple

XRP price drops to $0.53 amidst concerns whether the SEC will settle its lawsuit against Ripple

XRP price decline to the psychologically important level of $0.50 becomes likely as the altcoin drops to $0.53 on Monday. XRP holders are anticipating the Securities and Exchange Commission’s (SEC) next move.

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Five fundamentals for the week: Fed favorite PCE stands out as turbulent month ends Premium

Five fundamentals for the week: Fed favorite PCE stands out as turbulent month ends

Core PCE, the Federal Reserve's preferred inflation gauge is the main event of the week. An update to US GDP in Q4 and January's Durable Goods Orders provides hard data. The forward-looking ISM Manufacturing PMI has the last word of the week.

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