USDJPY continued its short term uptrend from 118.16, and the rise extended to as high as 123.75. Further rise to test 125.85 resistance is possible, a break of this level will indicate that the long term uptrend...
AUDUSD stays in the trading range between 0.6907 and 0.7439. Resistance is at 0.7439, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 0.9504 (Jul...
GBPUSD remains in downtrend from 1.5929, the rise from 1.5027 is likely consolidation of the downtrend. Resistance is at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend could...
EURUSD is facing 1.0462 (Mar 13 low) support, a breakdown below this level will indicate that the long term downtrend from 1.3993 (May 8, 2014 high) has resumed, then next target would be at 1.0000 area. Resistance...
By Elliott Wave International Editor’s note: You’ll find a text version of the story below the video. I was in the café of a bookstore recently and overheard a young man tell his friend, “It’s hard to...
By Elliott Wave International Saber-tooth tiger. Wooly mammoth. Japanese government issued bonds? Well it’s happened. After years of enduring an unrelenting bear market (marked by plunging yields and rising prices) — the long-battered Japanese government bond has...
By Elliott Wave International The winter season is a common metaphor for a bleak period in someone’s life: Borrowing a line from Shakespeare, John Steinbeck titled his final novel “The Winter of Our Discontent.” Nikolai Kondratieff used...
USDCAD is facing 1.3456 resistance, a break of this level will indicate that the uptrend from 1.1919 has resumed, then the following upward movement could bring price to 1.4000 area. On the downside, as long as 1.3456...
USDJPY’s upward movement from 116.13 extended to as high as 123.60. Further rise to test 125.85 resistance is possible, a break of this level will indicate that the long term uptrend from 75.57 (Oct 31, 2011 low)...
AUDUSD continued its sideways movement in a range between 0.6907 and 0.7439. As long as 0.7439 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 0.9504 (Jul 1, 2014 high), another fall...
