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  • Daily Forex Analysis – September 3, 2010
    GBPUSD Analysis. GBPUSD stays below a falling trend line on 4-hour chart and remains in downtrend from 1.5997. As long as the trend line resistance (Now at 1.5525) holds, another fall to 1.5200 is still possible. On the upside, the pair may be forming a cycle bottom at 1.5326, key resistance [...]

  • Daily Forex Analysis – September 2, 2010
    GBPUSD Analysis. GBPUSD may be forming a cycle bottom at 1.5326 level on 4-hour chart. Key resistance is at 1.5597, a break above this level will confirm the cycle bottom and indicate that the fall from 1.5997 has completed at 1.5326 already, then the following uptrend could bring price back 1.5700-1.5800 [...]

  • 3 Reasons Now is Not the Time to Speculate in Stocks
    By Elliott Wave International When it’s sunny, you head outside without a thought, but when it’s rainy, you look for your umbrella. When the markets are trending up, you don’t worry about your investments much, but when the markets turn bearish … what do you do? In an interview with Jeff Sommer of The New York Times [...]

  • Daily Forex Analysis – September 1, 2010
    AUDUSD Analysis. AUDUSD formed a cycle top at 0.9029 level on 4-hour chart. Range trading between 0.8771 and 0.9029 is expected in a couple of days. Key resistance is at 0.9029, a break above this level will indicate that the fall from 0.9221 has completed at 0.8771 already, then further rise [...]

  • Daily Forex Analysis – August 31, 2010
    USDCAD Analysis. USDCAD rebounded strongly from 1.0471, suggesting that a cycle bottom is being formed on 4-hour chart. Another rise to test 1.0676 (Jul 6 high) key resistance is possible in a couple of days, a break of this level will confirm the cycle bottom, then further rise to 1.0750 could [...]

  • Daily Forex Analysis – August 30, 2010
    EURUSD Analysis. EURUSD remains in downtrend from 1.3333, and the bounce from 1.2587 is treated as consolidation of downtrend. Resistance is at the upper border of the falling price channel, as long as the channel resistance holds, downtrend is expected to continue and next target would be at 1.2500 area. However, [...]

  • Daily Forex Analysis – August 27, 2010
    USDCAD Analysis. USDCAD failed to break above 1.0676 (Jul 6 high) resistance and formed a cycle top at 1.0666. Pullback towards 1.0400 area would more likely be seen in next several days. As long as 1.2400 support holds, the fall from 1.0666 could be treated as consolidation of uptrend from 1.0107, [...]

  • Daily Forex Analysis – August 26, 2010
    USDCAD Analysis. Being contained by 1.0676 (Jul 6 high) resistance, USDCAD formed a minor consolidation in a range between 1.0556 and 1.0666. Key support is at 1.0556, as long as this level holds, uptrend could be expected to continue and further rise to 1.0750 is still possible after consolidation. However, a [...]

  • The Hindenburg Omen — Omen-ous or Not?
    By Elliott Wave International On Aug. 12, volatile market action coincided with a technical signal called the Hindenburg Omen, whereby a relatively high number of new highs and lows in individual stocks occur at the same time. This indicator instantly gained an enormous amount of media attention. So we sat down with Steve Hochberg, EWI’s chief [...]

  • Daily Forex Analysis – August 25, 2010
    USDCHF Analysis. USDCHF failed to break above 1.0464 resistance and pulled back from 1.0450. Another fall to 1.0200 would more likely be seen, however, a break below 1.0257 previous low is needed to confirm the resumption of downtrend. Key resistance remains at 1.0464, only break above this level could bring price [...]

  • Daily Forex Analysis – August 24, 2010
    USDCHF Analysis. USDCHF broke above the downtrend line from 1.0624 to 1.0464, suggesting that a cycle bottom is being formed at 1.0257 on 4-hour chart. Key resistance is at 1.0464, a break above this level will confirm the cycle bottom and indicate that the fall from 1.0624 had completed, then the [...]

  • Daily Forex Analysis – August 23, 2010
    USDCHF Analysis. USDCHF stays below a downtrend line from 1.0624 to 1.0464 and remains in downtrend. As long as the trend line resistance holds, downtrend is expected to continue and next target would be at 1.0200 area. On the other side, a clear break above the trend line resistance (now at [...]

  • Efficient Market Hypothesis: R.I.P.
    By Elliott Wave International Of all the belief systems of Wall Street, few can claim the devoted following of the Efficient Market Hypothesis, the idea that stock prices adhere to the same laws of supply-and-demand that govern retail products. Once coined the theoretical "Parthenon" of economics, this notion has consistently endured the test of time —– [...]

  • Daily Forex Analysis – August 20, 2010
    USDCAD Analysis. As expected, USDCAD broke above 1.0340 key resistance, suggesting that a cycle bottom had been formed at 1.0247 level on 4-hour chart. Now the rise from 1.0247 is treated as resumption of uptrend from 1.0107, further rise could be seen in next several days and target would be at [...]

  • Daily Forex Analysis – August 19, 2010
    AUDUSD Analysis. AUDUSD formed a cycle bottom at 0.8858 level on 4-hour chart. Now the rise from 0.8858 could possibly be resumption of uptrend from 0.8066 (May 25 low) and the fall from 0.9079 is treated as correction of uptrend. Another rise towards 0.9221 would more likely be seen after correction, [...]

  • Slicing the Neckline: A Classic Technical Pattern Agrees with the Elliott Wave Count
    By Elliott Wave International In the August issue of his Elliott Wave Theorist, market forecaster Robert Prechter alerted readers that the U.S. stock market was slicing the neckline of a classic head-and-shoulders pattern in technical analysis, and that this may send the market into critical condition. Prechter said that when the Elliott wave count and a head-and-shoulders [...]

  • Daily Forex Analysis – August 18, 2010
    GBPUSD Analysis. GBPUSD stays in a trading range between 1.5535 and 1.5712. Another rise towards 1.5712 key resistance would more likely be seen later today, a break above this level will confirm that a cycle bottom has been formed at 1.5535 level on 4-hour chart, then another rise towards 1.5997 previous [...]

  • Deflation: First Step, Understand It
    By Elliott Wave International "Fed’s Bullard Raises Specter of Japanese-Style Deflation," read a July 29 Washington Post headline. When the St. Louis Fed Chief speaks, people listen. Now that deflation — something that EWI’s president Robert Prechter has been warning about for several years — is making mainstream news headlines, is it too late to prepare? [...]

  • Daily Forex Analysis – August 17, 2010
    GBPUSD Analysis. Being supported by the rising trend line from 1.4346 (Jun 8 low) to 1.5124, GBPUSD rebounded from 1.5535 level. Now the pair is forming a cycle bottom at 1.5535 level on 4-hour chart, key resistance is at 1.5712, a break above this level will confirm the cycle bottom, then [...]

  • Daily Forex Analysis – August 16, 2010
    USDCHF Analysis. USDCHF stays in a trading range between 1.0461 and 1.0624. Support is at 1.0461, as long as this level holds, another rise to re-test 1.0675 key resistance is still possible, a break above this level will indicate that the fall from 1.1730 (Jun 1 high) had completed at 1.0331 [...]

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