By Elliott Wave International Mark Galasiewski, the editor of our monthly Asian-Pacific Financial Forecast, explains how using the news to predict the markets is “meaningless.” Learn the Why, What and How of Elliott Wave Analysis Financial media...
By Elliott Wave International Editor’s note: The following article is adapted from the State of the Global Markets Report–2016 Edition, one of the most anticipated annual reports for technically minded investors and analysts around the world. For...
USDCAD remains in downtrend from 1.4689, the bounce from 1.2923 is likely consolidation of the downtrend. Resistance is at 1.3450, as long as this level holds, the downtrend could be expected to continue, and next target would...
USDJPY continued its sideways movement in a range between 110.66 and 114.87. As long as 114.87 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 123.75, another fall towards...
AUDUSD remains in uptrend from 0.6826, the fall from 0.7680 is likely consolidation of the uptrend. Support is located at the bottom of the price channel on daily chart. As long as the channel support holds, the...
GBPUSD moved sideways in a range between 1.3835 and 1.4668. As long as 1.4668 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.5929 (Jun 18, 2015 high), and...
EURUSD stays above the upward trend line on daily chart, and remains in uptrend from 1.0517. As long as the trend line support holds, the uptrend could be expected to continue and next target would be at...
USDCAD continued its downward movement from 1.4689, and the fall extended to as low as 1.2923. Further decline could be expected in a couple of weeks, and next target would be at 1.2500 area. Resistance is at...
After consolidation, USDJPY broke below 110.97 support, indicating that the downtrend from 123.75 has resumed. Further decline could be expected over the next several weeks, and next target would be at 105.00 area. Resistance is at 114.87,...
AUDUSD’s upward movement from 0.6826 extended to as high as 0.7680. Support is now at 0.7400, as long as this level holds, the uptrend could be expected to continue, and next target would be at 0.8000 area....
