USD In Bearish Mode; More To Come If Stocks Find A Support


USD is falling sharply to the downside particularity against the EUR, GBP and JPY today. Interesting is positive correlation between USD and S&P at the moment, but we still suspect that sooner or later S&P will turn up for a three wave rally. Just wondering what would then happen with major USD pairs, probably accelerate even more. With that said, be aware of even more upside on EURUSD, and GBPUSD.

dxc apr 08 2014 1h

Written by | Try our service 1 month @ 1€ >>

Invitation: Free Elliott Wave Analysis Webinar >> Register Here

Previous articleBanks Buoy China Stocks as Honk Kong Surges on Tencent
Next articleCryptocurrency Trading News: Bitcoin Stable; Dogecoin, Litecoin Plummet; Isracoin Enters Top 10
Gregor Horvat first made his name in Slovenia and has become world famous in the forex market since 2003. He is both a trader and a technical analyst who offers trading strategies on the Fibonacci and Elliot Wave principle. His main focus is on currency pairs, U.S. stock market, gold and oil. Gregor Horvat found the forex service offered on This website provides traders technical analysis, while putting emphasis on behavioral patterns. These are derived from the Elliott Wave Principle (EWP). Traders who are interested in the entry and exit positions, and he probability of the former and latter follow the EWP on a regular basis.