EURUSD remains in uptrend from 1.0517, the fall from 1.1376 is likely consolidation of the uptrend. Further rise could be expected after consolidation and next target would be at 1.2000 area. Support levels are at 1.1000 and...
By Elliott Wave International For the financial markets, the biggest event of the week starts tomorrow: On Wednesday and Thursday (Feb. 10-11) Fed chair Janet Yellen will appear before Congress to deliver her semi-annual Monetary Policy Report....
By Elliott Wave International How do you distinguish between a “good” Elliott wave count and a “bad” wave count? In this lesson from our educational service for traders called Trader’s Classroom, editor Jeffrey Kennedy walks you through...
USDCAD is in consolidation of the long term uptrend from 0.9406 (Jul 26, 2011 low). Range trading between 1.3400 and 1.4689 would likely be seen over the next several weeks. Support is at 1.3400, as long as...
USDJPY broke below 115.97 support, indicating that the long term uptrend from 75.57 (Oct 31, 2011 low) had completed at 125.85 (Jun 5, 2015 high) already. Further decline could be seen over the next several weeks, and...
AUDUSD continued its sideways movement in a range between 0.6826 and 0.7439. As long as 0.7439 resistance holds, the sideways movement could be treated as consolidation of the long term downtrend from 0.9504 (Jul 1, 2014 high),...
GBPUSD remains in downtrend from 1.5929 (Jun 18, 2015 high), the rise from 1.4080 is likely consolidation of the downtrend. Range trading between 1.4080 and 1.4600 would likely be seen in a couple of weeks. Resistance is...
EURUSD’s upward movement from 1.0517 extended to as high as 1.1376. Further rise to 1.2000 area could be expected after a minor consolidation. Support is at 1.0700, only break below this level could trigger another fall towards...
By Elliott Wave International Brian Whitmer, the editor of our monthly European Financial Forecast, explains what indicators helped him anticipate market volatility. You’ll also learn what he’s expecting for the year ahead in European stocks. You can...
USDCAD remains in long term uptrend from 0.9406 (Jul 26, 2011 low), the fall from 1.4689 could be treated as consolidation of the uptrend. Range trading between 1.3400 and 1.4689 would likely be seen over the next...
