What if you knew which way the markets should go before the news? Impossible? On the contrary. You just need to track the real driver of market trends: market psychology. Market psychology is reflected on price charts...
By Elliott Wave International Bespoke Investment Group uses an interesting term to describe recent stock market action: “all or nothing.” In the stock market, “all or nothing” days occur when at least 80% of the stocks in...
By Elliott Wave International Robert Prechter’s monthly Elliott Wave Theorist once published a ten-part study explaining why traditional financial models failed to foresee the 2007-2009 financial crisis — and, more importantly, why they are doomed to fail...
USDCAD broke above 1.3353 resistance, indicating that the uptrend from 1.1919 has resumed. Further rise could be expected over the next several weeks, and next target would be at 1.4000 area. Key support is now at 1.3011,...
USDJPY moved sideways in a narrow range between 118.58 and 121.62. The price action in the range is likely consolidation of the uptrend from 116.13. Further rise to 125.00 area could be expected, and the target would...
AUDUSD remains in downtrend from 0.9504 (Jul 1, 2014 high), the rise from 0.6907 is likely consolidation of the downtrend. Range trading between 0.6907 and 0.7439 could be seen over the next several weeks. Key resistance is...
GBPUSD broke below 1.5165 support, indicating that the downtrend from 1.5929 has resumed. Further decline could be expected over the next several weeks, and next target would be at 1.4700 area. Resistance levels are at 1.5400 and...
EURUSD is facing 1.1087 support, a breakdown below this level will signal resumption of the downtrend from 1.1713, then next target would be at 1.0600 area. Resistance levels are at 1.1460 and 1.1713, only break above these...
By Elliott Wave International The U.S. housing market may be about to implode — again. Before I get into the “why,” know that the residential real estate market never fully recovered. Annualized new home sales this past...
By Elliott Wave International Editor’s note: You’ll find the text version of the story below the video. August 20 was the third consecutive down day for the Dow Industrials as the index tumbled 358 points. The U.S....
