With a stock or index one might expect upward movement over time due to earnings growth and inflation but with a currency it may just oscillate back and forth within a channel. Does elliott wave theory apply in the same way here or does it have to be modified in any way?
I have noticed over the years that the structures within currencies are more atypical. NZDUSD is one of the worst, it’s one of the most difficult to analyse.
Of all the markets I analyse I find Gold the easiest, it has the most typical structures. Probably because it has the greatest volume.
This EWG website uses cookies to ensure members and visitors get the best experience. By continuing, you agree to the use of cookies on this website. - To learn more see TOS.
With a stock or index one might expect upward movement over time due to earnings growth and inflation but with a currency it may just oscillate back and forth within a channel. Does elliott wave theory apply in the same way here or does it have to be modified in any way?
No modification required.
I have noticed over the years that the structures within currencies are more atypical. NZDUSD is one of the worst, it’s one of the most difficult to analyse.
Of all the markets I analyse I find Gold the easiest, it has the most typical structures. Probably because it has the greatest volume.