EURGBP Descending Channel (July 13, 2015)
EURGBP is still on a downtrend but the pair is currently testing the top of the descending channel visible on its 4-hour time frame. If resistance around the top of the channel or .7200 holds, the pair...
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China: What Deflation Looks Like
By Elliott Wave International The Shanghai Composite fell another 8% at the open on Wednesday (July 8). Trading was soon halted by the authorities. (But for a different reason that the trading halt on the NYSE the...
(Video) Greece: Act One of a Global Debt Drama
By Elliott Wave International Editor’s note: You’ll find the text version of the story below the video. In December 2009, Greece was encumbered with debt amounting to 113% of GDP (nearly double the Eurozone limit of 60%)....
USDCAD Weekly Analysis – July 12, 2015
USDCAD is facing 1.2835 resistance, a break of this level will indicate that the long term uptrend from 0.9632 (Sept 14, 2012 low) has resumed, then next target would be at 1.4000 area. Near term support is...
USDJPY Weekly Analysis – July 12, 2015
USDJPY remains in the long term uptrend from 75.57 (Oct 31, 2011), the fall from 125.85 is likely consolidation of the uptrend. Support is located at the bottom of the price channel on daily chart. As long...
AUDUSD Weekly Analysis – July 12, 2015
AUDUSD’s downward movement from 0.8162 extended to as low as 0.7371. Further decline is still possible after a minor consolidation, and next target would be at 0.7000 area. Resistance is now at 0.7600, only break above this...
GBPUSD Weekly Analysis – July 12, 2015
GBPUSD remains in uptrend from 1.4565, the price action from 1.5814 is likely consolidation of the uptrend. Key support is at 1.5170, as long as this level holds, the uptrend could be expected to resume, and one...
EURUSD Weekly Analysis – July 12, 2015
EURUSD is forming a sideways consolidation in a range between 1.0819 and 1.1467. As long as 1.0819 support holds, the uptrend from 1.0462 could be expected to resume, and another rise towards 1.3000 is still possible. However,...
USD/JPY Forecast July 13, 2015, Technical Analysis
The USD/JPY pair broke higher during the course of the session on Friday, breaking above the 122.50 level. With that being the case, the market looks like it is ready to continue going higher, and we believe...
USD/CAD Forecast July 13, 2015, Technical Analysis
The USD/CAD pair initially tried to rally during the course of the session on Friday, but gave back all of the gains and ended up forming a shooting star. That shooting star of course is a very...