By Elliott Wave International On Wednesday (Jan. 13) CNBC reported that, “Almost $3.2 trillion has been wiped off the value of stocks around the world since the start of 2016, according to calculations by a top market...
USDCAD broke below the upward trend line on daily chart, indicating that the uptrend from 1.2831 had completed at 1.4689 already. Range trading between 1.3800 and 1.4689 could be seen over the next several weeks. Key support...
USDJPY broke below 116.13 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 expected after a minor consolidation, and next...
AUDUSD remains in downtrend from 0.7385, the rise from 0.6826 could be treated as consolidation of the downtrend. Further decline could be expected after consolidation and next target would be at 0.6500 area. Near term resistance is...
GBPUSD remains in downtrend from 1.5929, the bounce from 1.4080 is likely consolidation of the downtrend. Another fall could be expected, and next target would be at 1.3700 area. Near term resistance is now at 1.4500, as...
EURUSD remains in uptrend from 1.0517, the price action from 1.1059 could be treated as correction of the uptrend. Another rise could be expected after correction, and next target would be at 1.2000 area. Support levels are...
As I’m writing this email, over 3 trillion dollars have been wiped off the value of global stocks since the start of 2016. With that in mind, I urge you to read Robert Prechter’s free report, How...
USDCAD continued its upward movement from 1.2831, and the rise extended to as high as 1.4553. Further rise could be expected after a minor consolidation, and next target would be at 1.5000 area. Support is located at...
USDJPY is testing 116.13 support, as long as this level holds, the price action from 125.85 (Jun 5, 2015 high) could be treated as consolidation of the long term uptrend from 75.57 (Oct 31, 2011 low), and...
AUDUSD broke below 0.6907 support, indicating that the long term downtrend from 0.9504 (Jul 1, 2014 high) has resumed. Further decline could be expected, and next target would be at 0.6500 area. Near term resistance is at...
