By Elliott Wave International Editor’s note: You’ll find the text version of the story below the video. Consider this July 23 Reuters headline: GM earnings more than doubles on U.S. truck demand Suppose you had the news...
USDCAD’s upward movement from 1.1919 extended to as high as 1.3213. Further rise could be expected over the next several weeks, and next target would be at 1.4000 area. Support is at 1.2850, as long as this...
USDJPY stays in the upward price channel on daily chart, and remains in uptrend from 115.56. Further rise would likely be seen over the next several weeks, and next target would be at 130.00 area. Near term...
AUDUSD remains in downtrend from 0.8162, the rise from 0.7233 is likely consolidation of the downtrend. Near term resistance is located at the top of the price channel on daily chart. As long as the channel resistance...
GBPUSD stays in a trading range between 1.5170 and 1.5929. As long as 1.5170 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.4565, another rise towards 1.6500 could...
EURUSD continued its sideways movement in a range between 1.0808 and 1.1467. Another rise to test 1.1467 resistance would likely be seen, a break of this level will signal resumption of the uptrend from 1.0462, then next...
By Elliott Wave International Remember how during the time of the Greek bailout a couple of weeks ago, the euro didn’t seem to “know” which way to go next? There is a reason for that, says The...
By Elliott Wave International You’ve heard it all before: If you want to trade using Elliott wave analysis, to succeed you first need to understand its rules and guidelines. You need a clearly defined trading strategy (what?...
By Elliott Wave International For many commodity investors, the last four years have felt like one long, bad dream. The kind where you’re tied to a railroad track as a train heads straight for you — in...
By Elliott Wave International In this new interview, Steve Craig, editor of Elliott Wave International’s Energy Pro Service, shows you what extreme readings in some of his market indicators mean for crude from here. Watch this interview...
