By Elliott Wave International Robert Prechter’s monthly Elliott Wave Theorist once published a ten-part study explaining why traditional financial models failed to foresee the 2007-2009 financial crisis — and, more importantly, why they are doomed to fail...
USDCAD broke above 1.3353 resistance, indicating that the uptrend from 1.1919 has resumed. Further rise could be expected over the next several weeks, and next target would be at 1.4000 area. Key support is now at 1.3011,...
USDJPY moved sideways in a narrow range between 118.58 and 121.62. The price action in the range is likely consolidation of the uptrend from 116.13. Further rise to 125.00 area could be expected, and the target would...
AUDUSD remains in downtrend from 0.9504 (Jul 1, 2014 high), the rise from 0.6907 is likely consolidation of the downtrend. Range trading between 0.6907 and 0.7439 could be seen over the next several weeks. Key resistance is...
GBPUSD broke below 1.5165 support, indicating that the downtrend from 1.5929 has resumed. Further decline could be expected over the next several weeks, and next target would be at 1.4700 area. Resistance levels are at 1.5400 and...
EURUSD is facing 1.1087 support, a breakdown below this level will signal resumption of the downtrend from 1.1713, then next target would be at 1.0600 area. Resistance levels are at 1.1460 and 1.1713, only break above these...
By Elliott Wave International The U.S. housing market may be about to implode — again. Before I get into the “why,” know that the residential real estate market never fully recovered. Annualized new home sales this past...
By Elliott Wave International Editor’s note: You’ll find the text version of the story below the video. August 20 was the third consecutive down day for the Dow Industrials as the index tumbled 358 points. The U.S....
USDCAD stays in the upward price channel on daily chart, and remains in uptrend from 1.1919, the fall from 1.3353 is likely consolidation of the uptrend. As long as the channel support holds, the uptrend could be...
USDJPY is in uptrend from 116.13, the fall from 121.62 is likely correction of the uptrend. Further rise could be expected after correction, and next target would be at 125.00 area. Key support is at 116.13, only...
