GBPUSD pulled back to 1.4000 area after touching 1.4345 resistance, suggesting that lengthier consolidation for the uptrend from 1.1946 (Oct 7, 2016 low) is needed. Deeper decline towards 1.3711 key support is possible in the coming days....
EURUSD continued its sideways movement in a trading range between 1.2154 and 1.2555. The sideways move is likely consolidation for the uptrend from 1.1554. As long as 1.2154 support holds, the uptrend could be expected to resume...
By Elliott Wave International Are wars bullish or bearish for stocks? With the recent news of airstrikes on Syria and a threat of a global war, this question is extremely relevant. But does war really cause stock...
By Elliott Wave International The stock of Avago Technologies rebounded strongly off the recent lows. What’s next? The challenge is on you to provide the answer. Give it a shot! Click the chart below to download a...
USDCAD’s bounce from 1.2526 extended to as high as 1.2675, facing the resistance of the top trend line of the price channel on the 4-hour chart. A clear break above the channel resistance would indicate that the...
USDJPY is facing 107.78 resistance, a breakout of this level could signal resumption of the uptrend from 104.63, then next target would be at 109.00 area. Key support is at 106.61, only a breakdown below this level...
AUDUSD broke below 0.7738 key support, suggesting that the upside movement from 0.7642 had completed at 0.7813 already. Further decline could be expected after a minor consolidation and next target would be at 0.7650 area. Resistance levels...
GBPUSD dropped sharply from 1.4376 to as low as 1.4068. Deeper decline is possible and next target would be at the bottom of the price channel on the 4-hour chart. A breakdown below the channel support would...
EURUSD moved sideways in a trading range between 1.2300 and 1.2413. As long as 1.2300 support holds, the price action in the range could be treated as consolidation for the uptrend from 1.2214 and a breakout of...
By Elliott Wave International The choppy rise in the stock of Hershey — and the sharp recent breakdown — speak volumes to an observant Elliott wave investor. See if you can spot the tell-tale signs… Click the...
