The company EarnForex launched its free and new service recently. Apart from MT4/MT5 Expert Advisors, MetaTrader Indicators, the Pivot Points Calculator, the Fibonacci Calculator, the Pip Value Calculator, the Position Size Calculator, the Risk & Reward Calculator, MT4 VPS Hosting and Forex Strategies, the website EarnForex.com now offers daily Forex analysis that is based on the all-time famous and renowned Elliott Wave theory. Videos of Elliott Wave Analysis are available and can be discussed on their technical analysis forum. This theory was developed by Ralph Nelson Elliott who suggested that all the highs and lows of market prices followed a specific pattern.

Five currency pairs are discussed in the Elliott Waves videos. The currency combinations that are discussed are EUR/USD, GBP/USD, USD/CHF, AUD/USD and EUR/JPY. These five pairs are analyzed using the Elliott Wave count and taking into consideration other supporting indicators. The man behind the videos is Muhammad Azeem, who has been a Forex professional analyst since 2001 and who has much experience in Elliott Wave analysis. The website also offers a number of other useful and interesting concepts that are structured around Forex brokers, Forex books and Forex tools. The website gives detailed hourly trending data for currency pairs. It also lists the support level at which the price broke and the price action.

The company’s professionals provide trading tips given the specific market condition. They use advanced technical analysis and fundamental strategic analysis to come up with these tips. The hourly time-frame of trending ensures that users always see the condition of the market as it happens. The estimated trends for buy trades and signs of the completed waves ending in specified patterns are also discussed using the same wave analysis software. An archive section containing Forex videos from the previous days makes it easy for users to double back and watch the analysis for any days they have missed.