Elliott Wave International | World's Largest Market Forecasting Firm Since 1979
Please Login
   
| What's My Password?
 
 
Alert
May 23, 09:59 AM
Robert Prechter's new, 21-page Elliott Wave Theorist (published monthly since 1979) shows you 23 charts that explain why "The monetary-financial world seems to be setting up for an epic battle." Start your risk-free trial subscription now -- and get your 2nd month FREe >> 

Home > Currencies
(Video): "Does USD/CAD Signal a Bearish U.S. Dollar Reversal?"
You can watch EWI's latest forex video updates now, as part of the ongoing FreeWeek. Details below the video

By Vadim Pokhlebkin
Wed, 22 Feb 2012 16:30:00 ET
Add to Facebook Add to Twitter Add to Facebook Printer Friendly Get the RSS feed Add to more social media services
Get Elliott wave insights like this article when you sign up for EWI's free email newsletter, The Independent. It will change the way you view the markets forever. Privacy

The basis of Elliott wave analysis is chart pattern recognition.

This short video by Jim Martens, Elliott Wave International's Chief Currency Strategist, is a good example of this approach in action.
 
Watch Jim explain what turned him bearish on USD/CAD on February 16. (The U.S. dollar indeed fell against the loonie since then, just as the Elliott wave pattern suggested.) 

  

See More Forex Video Updates by EWI's Chief Currency Strategist Now, Free

EWI's Forex FreeWeek is here!

Watch our latest forex videos and read the latest Elliott wave forex forecasts now, 100% free, as part of EWI's ongoing Forex FreeWeek.

 

Tags: Elliott wave, Elliott Wave trading, forex, forex trading, online trading, technical analysis, technical indicators, U.S. dollar
Rating: - based on [11 rating(s)]
Rate this content:
  

EWI's Event Calendar
May 26
 Introduction to the Elliott Wave Principle | Live, Beginner-Level Instruction -- Dublin, Ireland - Save $100 now
June 14        
Oct. 11
 Peter Brandt's Traders Boot Camp | Learn professional trading principles from a career trader at this 3-day event.  Seating is limited to 20 serious traders!
July 22-25

Intensive 4-Day Trading Course with Legendary Trader Dick Diamond| Join  Diamond in Orlando, FL. as he models his proven trading principles that have made his career a success for 45+ years and counting. 


Tap Into Forex Opportunities

FFS

EWI's Currency Specialty Service delivers 24-hour-a-day coverage of the world's most traded currency pairs so you'll know every Elliott wave implication of every market move. Subscribe now and get instant access to actionable forecasts for:

EUR/USD         USD/JPY
GBP/USD
USD/CHF
USD Index 		 USD/CAD         AUD/USD
EUR/GBP
EUR/CHF
 EUR/JPY
EUR/CAD
GBP/JPY
AUD/JPY 

Discover what a team of Elliott wave experts can do for your forex trading>>


Most ReadHighest Rated
Free 14-page eBook


Trading Forex: How the Elliott Wave Principle Can Boost Your Forex Success

EWI's Senior Currency Strategist Jim Martens pulls from 25+ years of experience using Elliott wave analysis to show how you can put the power of the Wave Principle to work in your forex trading.
Download Trading Forex free.

*Currencies

home
|
subscribers
|
traders
|
store
|
free stuff
|
education
|
about us
|
contact us
|
privacy
|
affiliates
|
robert prechter
The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.
© 2012 Elliott Wave International