By Elliott Wave International Editor’s note: The following article was adapted from the just-published State of the Global Markets Report–2016 Edition, one of our most anticipated annual reports for technically minded investors and analysts around the world....
USDCAD continued its downward movement from 1.4689, and the fall extended to as low as 1.3312. Further decline is still possible in a couple weeks, and next target would be at 1.3000 area. Resistance is at 1.3600,...
USDJPY moved sideways in a trading range between 110.97 and 114.87. The price action in the range is likely consolidation of the downtrend from 123.75. Resistance is at 116.00, as long as this level holds, the downtrend...
AUDUSD broke above 0.7439 resistance, indicating that the long term downtrend from 0.9504 (Jul 1, 2014 high) had completed at 0.6826 already. Further rise could be expected, and next target would be at 0.8000 area. Support is...
GBPUSD remains in downtrend from 1.5929 (Jun 18, 2015 high), the rise from 1.3835 is likely consolidation of the downtrend. Resistance is at 1.4668, as long as this level holds, the downtrend could be expected to continue,...
EURUSD remains in uptrend from 1.0517, the fall from 1.1376 could be treated as correction of the uptrend. Further rise is possible over the next several weeks, and next target would be at 1.2000 area. Support is...
By Elliott Wave International Our Chief Market Analyst Steve Hochberg talks to Moe Ansari on Market Wrap Radio. You’ll hear his take on what we’ve seen in the markets so far in 2016 — and why Steve...
State of the Global Markets Report — 2016 edition, one of the most anticipated annual reports for investors and technical analysts, has just been released, and the first 10,000 copies can be reserved right now 100% free....
By Elliott Wave International Learn more about our Chief Commodity Analyst, Jeffrey Kennedy, and what he thinks makes Elliott wave principle so compelling: Namely, that it puts price action into context of a larger trend. As Jeff...
By Elliott Wave International Editor’s note: You’ll find a text version of the story below the video. Time and again, we’ve said that financial markets do what they do despite the Federal Reserve. When the central bank...
