By Elliott Wave International Most people extrapolate present trends into the future. But yesterday’s trend can look like day vs. night when tomorrow arrives. Almost no one expected deflation when the December 2007 Elliott Wave Theorist said:...
USDCAD’s rise from 1.2831 extended to as high as 1.3279. However, the rise would possibly be correction of the downtrend from 1.3456, another fall to 1.2500 area to complete the downward movement is possible. Near term resistance...
USDJPY is testing 121.62 resistance, a break of this level will signal resumption of the uptrend from 116.13, then the following upward movement could bring price to 125.00 area. Support levels are at 118.16 and 116.13, only...
AUDUSD continued its sideways movement in a range between 0.6907 and 0.7439. As long as 0.7439 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 0.9504 (Jul 1, 2014 high), another fall...
GBPUSD remains in downtrend from 1.5929. Further decline could be expected over the next several weeks, and next target would be at 1.4700 area. Resistance is located at the top of the price channel on daily chart,...
EURUSD’s downward movement from 1.1713 extended to as low as 1.0896. Further decline could be expected, and next target would be at 1.0600 area. Resistance is located at the downward trend line on daily chart, as long...
The USD/CAD pair initially tried to rally during the course of the session on Friday, but turned back around to form a fairly negative candle. Because of this, there is a significant downward pressure on this market,...
The GBP/USD pair broke higher during the course of the session on Friday, as we continue to look very bullish. If we can break above the 1.55 handle though, the market should continue to go much higher....
The EUR/USD pair initially tried to rally during the course of the day on Friday but turned back around as we face a significant amount of pressure at the 1.11 handle. By doing so, we did up...
The AUD/USD pair initially fell during the course of the day on Friday, but found enough support below at the 0.71 level to turn things back around and form a bit of a hammer. The hammer that...
