After touching 1.0819 support, EURUSD rebounded from 1.0808, indicating that the pair remains in uptrend from 1.0462, and the price action in the trading range between 1.0819 and 1.1467 could be treated as consolidation of the uptrend....
By Elliott Wave International “In what traders called a ‘bear raid,’ sellers on Monday dumped an estimated 33 tonnes of gold in just two minutes on exchanges in Shanghai and New York, sending prices on a nearly...
By Elliott Wave International When I was in college, I had this weekly ritual. I’d drive home to my parents’ house every Friday, run inside to say hello, grab some food, and leave several bags of dirty...
By Elliott Wave International Editor’s note: You’ll find a text version of this story below the video. During the subprime mortgage meltdown, the hardest-hit regions saw home price declines that exceeded 50%. Fast forward to the headlines...
USDCAD broke above 1.2835 resistance, indicating that the long term uptrend from 0.9632 (Sept 14, 2012 low) has resumed. Further rise could be expected, and next target would be at 1.4000 area. Support levels are at 1.2800...
USDJPY failed to break below the bottom of the upward price channel on daily chart, indicating that the pair remains in long term uptrend from 75.57 (Oct 31, 2011), and the fall from 125.85 could be treated...
AUDUSD remains in downtrend from 0.8162, and the fall extended to as low as 0.7349. Near term resistance is at 0.7500, as long as this level holds, the downtrend could be expected to continue, and next target...
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, and further rise to 1.6500...
EURUSD is facing 1.0819 support, a breakdown below this level will indicate that the long term downtrend from 1.3993 (May 8, 2014 high) has resumed, then the following downward movement could bring price to 1.0000 area. On...
By Elliott Wave International This article was adapted from Robert Prechter’s June 2015 Elliott Wave Theorist. For more charts and detailed commentary, analysis and forecasts from Prechter’s latest issues, click here for the extended subscriber version of...
