By Elliott Wave International You know the expression “God works in mysterious ways”? Well, according to an August 6 CNBC article, the price action of one financial market — i.e., crude oil — has out-mystified even God...
By Elliott Wave International In this new interview with Elliott Wave International’s Chief Energy Analyst, Steve Craig, you’ll learn where he sees prices going next. *Editor’s note: this interview was recorded on August 12; the price low...
USDCAD remains in uptrend from 1.1919, the fall from 1.3213 is likely consolidation of the uptrend. Near term support is at 1.2850, as long as this level holds, the uptrend could be expected to continue, and next...
USDJPY is facing 125.85 resistance, a break of this level will confirm that the uptrend from 115.56 has resumed, then next target would be at 130.00 area. Near term support is at 123.00, only break below this...
AUDUSD’s downward movement from 0.8162 expected to as low as 0.7214. Resistance is at the top of the price channel on daily chart. As long as the channel resistance holds, the downtrend could be expected to continue,...
GBPUSD continued its sideways movement in a range between 1.5170 and 1.5929. Key support is at 1.5170, as long as this level holds, the sideways movement could be treated as consolidation of the uptrend from 1.4565, further...
EURUSD failed to break below 1.0808 support and stayed in the trading range between 1.0808 and 1.1467. As long as 1.0808 support holds, the price action in the range could be treated as consolidation of the uptrend...
By Elliott Wave International Editor’s note: You’ll find the text version of the story below the video. Recall crude oil’s dramatic 2008 price collapse. The high that year was in July at $147.50 a barrel. By December,...
By Elliott Wave International “I always will be an Elliottician, but other technical tools have merit and are indeed worthwhile: they allow me to build a case, build a more confident reason for making a forecast and...
By Elliott Wave International A June 28 headline on CNBC reads, “Homeownership rate drops to 63.4%, lowest since 1967.” The report goes on to say “The number of occupied housing units grew, but all on the renter...
