Currency Corner
Free Forex News & Commentary



Market Harmonic's founder Tony Carrion is now part of the team of Forex analysts at Elliott Wave International.  Learn about EWI's round-the-clock intraday, daily and longer-term Forex market coverage.

Currency Pair Sentiment vs. USD
From the most recent Commitments of Traders (COT) Data

Unweighted Major Currency Average (UMCA) & Currency Pair Strength
(Our Proprietary Unweighted Index of US Dollar Performance)

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Elliott Wave & Fibonacci Guide

End of the Bitcoin Bull? (Updated)

Our call for a more stretched out correction in Bitcoin turned out to be premature, with price having retraced all of its drop from November 8 and rising to new highs. The earlier outlook called for a correction in wave circle wave 4, but apparently circle wave 3 had more to go. The current advance doesn't appear complete, and a push into the $8,000s is likely before a top. We still think the risks of reversal are elevated, especially following this quick, parabolic run.


Do you trade EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, USDCAD, EURJPY, GBPJPY, EURGBP, EURCHF or AUDJPY?   Learn about EWI's round-the-clock intraday, daily and longer-term Forex market coverage.  


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