By Elliott Wave International On November 9, the United States woke to the biggest political shock since Harry Truman defeated “shoe-in” Thomas E. Dewey in the 1948 U.S. presidential election. For U.S. bond investors, the 2016 election...
USDCAD continued its upward movement from 1.2460, and the rise extended to as high as 1.3548. Near term support is at 1.3240, as long as this level holds, the uptrend could be expected to continue, and next...
USDJPY is facing 107.48 resistance, a break of this level will indicate that the long term downtrend from 125.85 (Jun 5, 2015 high) had completed at 98.97 already, then further rise to 115.00 area could be seen....
AUDUSD continued its sideways movement in a range between 0.7441 and 0.7778. As long as 0.7441 key support holds, the sideways movement could be treated as consolidation of the uptrend from 0.7144, and further rise to 0.8000...
GBPUSD is facing 1.2700 resistance, a break of this level will indicate that the downward movement from 1.5016 had completed at 1.1946 already, then the following upward movement could bring price to 1.3500 zone. On the other...
EURUSD broke below 1.0851 support, indicating that the downtrend from 1.1616 has resumed. Further decline to test 1.0517 (Dec 3, 2015 low) support could be expected over the next several weeks. Resistance is at 1.1150, only break...
The USD/JPY pair fell at the open on Friday, but did turned around enough to form a nice-looking hammer. The hammer suggests that we are getting ready to trying to press the 108.50 level above that has...
The USD/CAD pair broke out above the 1.35 handle during the day, and continue to go higher on Friday. We did get back some of the gains but given enough time to looks as if we will...
The GBP/USD pair ended up rally again at the open on Monday, but then turned around to form a shooting star like candle. It looks as if we are starting to show signs of exhaustion, but we...
The EUR/USD pair fell after initially trying to rally during the day on Friday. We’ve made a fresh, new low, and it now appears all but certain we will try to break through the 1.08 handle. At...
