A major change in trend is nearing for the currency market according to Elliott Wave
2017 has brought with it some purposeful price movement on currencies, a welcome sight after the previous two years of indecisive and largely directionless action. We are happy any time directional price action emerges, because those are the moves we want to get in the way off and go along for the ride. But don’t make the mistake of thinking that these moves that have emerged in 2017 are sustainable. The Elliott Wave Theory couldn’t be much clearer about that, and it foretells of a pending change in direction that will profoundly impact the currency market in the near future.