AUDJPY has been moving sideways on the 1-hour time frame, finding support around the 91.00 major psychological level and resistance just above 92.00. The pair seems to be on its way to test the bottom of the...
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...
The USD/JPY pair broke down significantly during the course of the session on Tuesday, showing real resistance at the 124 level. With this, it appears that the market is going to go lower, searching for support. We...
The USD/CAD pair fell during the course of the session on Tuesday, but did find buyers at the end of the day. We believe that this market is simply trying to build up enough momentum to finally...
The GBP/USD pair went back and forth during the course of the day on Tuesday, showing a fairly neutral and benign candle. Because of this, we believe that the buyers are trying to lift this pair. We...
The EUR/USD pair higher during the course of the session on Tuesday, breaking the top of the shooting star from Monday which of course is a very bullish sign. However, we recognize that the 1.10 level above...
The AUD/USD pair broke higher during the course of the session on Tuesday, testing higher levels as we reach towards the 0.75 level. The 0.75 level of course should be resistive as it has been before, and...
After selling off in the past few days, EURUSD is making a correction to the 38.2% Fibonacci retracement level. This coincides with a broken support level around the 1.0950 minor psychological level and the 200 SMA resistance,...
