"Hi Gregor,
On Euro.Usd, yesterday there were channel break above 1.2950, but it's reversed, I too use channel to determine my counts, but in euro.usd case, I was wrong, and book my losses, however my count was correct. I was in same count as…"
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FxMind commented on Gregor Horvat's blog post Elliott Morning Overview: EURJPY, EURUSD, GBPUSD and GOLD
Gregor Horvat posted a blog postElliott Morning Overview: EURJPY, EURUSD, GBPUSD and GOLD
JPY crosses are moving higher this mooring after BoJ Kuroda highlighted that change in fx-rates will boost export volume, but not earlier than in 6-9 months. This means that there current policy has a positive impact on the economy that’s why we can see strong rally on Nikkei which is pushing the JPY down, or XXX/JPY to the upside.We are long EURJPY from 131.90 with members and so far pair is moving very nicely in our favour with possible extension to 133.80 in sessions ahead.EURJPY 1h…See More
Gregor Horvat's blog post was featuredElliott Morning Hour Overivew: GOLD, EURUSD and EURJPY
Morning traders,The markets are in a reversal mode since Sunday open, which has also been in our view yesterday based on our wave counts. There was no real action on the FX market in the last few sessions; prices are very slow and choppy so we think that pairs reversed into a corrections, which we also highlighted in our latest video (members only).While the FX market was slow, traders were focused on some other markets, like stocks and precious metals. We have seen sharp rally on Gold and…See More
Gregor Horvat posted a blog postElliott Morning Hour Overivew: GOLD, EURUSD and EURJPY
Morning traders,The markets are in a reversal mode since Sunday open, which has also been in our view yesterday based on our wave counts. There was no real action on the FX market in the last few sessions; prices are very slow and choppy so we think that pairs reversed into a corrections, which we also highlighted in our latest video (members only).While the FX market was slow, traders were focused on some other markets, like stocks and precious metals. We have seen sharp rally on Gold and…See More
Gregor Horvat posted a blog postEURUSD Could Reverse Into A Correction In Coming Days-Elliott Wave
EURUSD once broke lower on Friday and hit 1.2800 level that we were focusing on already a week back. Now we can count five waves down in wave 3 from 1.3195 peak which means that bottom could be near. Notice that price also tested 200% extension level of wave 1 measured from wave 2 high which could also react as a support in wave 3. With that in mind, EURUSD could make a corrective bounce this week in wave 4, back to 1.2935 before new sell-off occurs. If 1.2800 is out then watch out for the next…See More
Gregor Horvat posted a blog postElliott Morning Hour: EURUSD and AUDUSD
German, French and Italian Prelim GDP numbers were worse than expected, 0.1%, 0.2% and -0.5%. That’s very bad data which is also evident on the charts as EURUSD is testing 1.2900 level. This level is now key for further declines today, possibly to 1.2800 after also worse than expected EU Flash GDP numbers; -0.2% vs. 0.1%Technically speaking, we can see EURUSD trading below 1.2936 which means that latest correction is done around 1.303. Now the only question is if we will get sharp extended fall…See More
Gregor Horvat posted a blog postGBPUSD Now Bearish After Break Below March Trend-Line
GBPUSD reversed sharply lower in the last few days with a daily close price beneath the lower side of a corrective channel which is an important sign for a completed rally since mid-March. In fact, decline from 1.5590 is looking sharp so we think it represents an impulsive formation which occurs in the direction of a primary trend. As such, we think GBPUSD will continue to weaken in days maybe even weeks ahead. Break of wave B) key level at 1.5195 will be next important evidence for a larger…See More
Daologic commented on Gregor Horvat's blog post AUDUSD Is Showing A Downtrend Continuation Pattern"Only if will manage to break under 1.0245 on a daily basis."
Profile Information
- About Myself
- Gregor Horvat is based in Slovenia (Central Europe) and has been in Forex market since 2003. He is technical analyst and individual trader who also provide a lot of articles and trade plans based on the Fibonacci and Elliot Wave principle. He was working for Capital Forex Group and TheLFB.com. His feature articles have been published in: Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu. He mostly focuses on currencies, oil, gold, and the U.S. stock market. He is founder of Elliott Wave Financial Service on www.ew-forecast.com.
- Trading style
- Ellliott Wave
- Current Broker
- Ducascopy
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Gregor Horvat's Blog
Elliott Morning Overview: EURJPY, EURUSD, GBPUSD and GOLD
Posted on May 22, 2013 at 9:19am 1 Comment 4 Likes
JPY crosses are moving higher this mooring after BoJ Kuroda highlighted that change in fx-rates will boost export volume, but not earlier than in 6-9 months. This means that there current policy has a positive impact on the economy that’s why we can see strong rally on Nikkei which is pushing the JPY down, or XXX/JPY to the upside.
We are long EURJPY from 131.90 with members and so far pair is moving very nicely in our favour with possible extension to 133.80 in sessions…
Elliott Morning Hour Overivew: GOLD, EURUSD and EURJPY
Posted on May 21, 2013 at 8:06am 0 Comments 2 Likes
Morning traders,
The markets are in a reversal mode since Sunday open, which has also been in our view yesterday based on our wave counts. There was no real action on the FX market in the last few sessions; prices are very slow and choppy so we think that pairs reversed into a corrections, which we also highlighted in our latest video (members only).
While the FX market was slow, traders were focused on some other markets, like stocks and precious metals. We have seen…
EURUSD Could Reverse Into A Correction In Coming Days-Elliott Wave
Posted on May 20, 2013 at 8:01am 0 Comments 4 Likes
EURUSD once broke lower on Friday and hit 1.2800 level that we were focusing on already a week back. Now we can count five waves down in wave 3 from 1.3195 peak which means that bottom could be near. Notice that price also tested 200% extension level of wave 1 measured from wave 2 high which could also react as a support in wave 3. With that in mind, EURUSD could make a corrective bounce this week in wave 4, back to 1.2935 before new sell-off occurs. If 1.2800 is out then watch out for the…
Continue GBPUSD Turns Bearish After Break Beneath March Trend-line
Posted on May 17, 2013 at 7:23am 0 Comments 0 Likes
We turned immediately bearish on GBPUSD after recent sharp decline through the trend-line connected from March lows which is important evidence for a completed corrective wave II at 1.5600 area. In fact, decline from latest high has a personality of an impulsive price action so we believe that pair is headed lower, ideally towards 1.5000 in the near-term as latest minor pull-back was probably wave 4 of wave 1) in progress.
GBPUSD DAILY…
ContinueComment Wall (2 comments)
- At 4:17pm on January 3, 2013,
Haitham653 said… Hi..
At this blog I explained how to extract the yearly chart on Meta trader 4:
Meta trader 4 , tips and tricks, period converter ?!!
Good luck..
- At 4:42pm on January 3, 2013, Gregor Horvat said…
Thank you very much!
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