AUDUSD broke below 0.7532 support, indicating that the long term downtrend from 0.9504 (Jul 1, 2014 high) has resumed. Further decline could be seen after a minor consolidation, and next target would be at 0.7000 area. Resistance...
GBPUSD is facing 1.5550 support, a breakdown below this level will indicate that lengthier consolidation for the uptrend from 1.4565 is underway, then deeper decline to 1.5300 area could be seen. On the upside, as long as...
EURUSD continued its sideways movement in a range between 1.0819 and 1.1467. Key support is at 1.0819, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend...
By Elliott Wave International I always say trading forex markets is like riding a bike — except that said bike has one flat tire and the ground beneath it is covered in ice. So why are they...
By Elliott Wave International “Chao gu” is the Chinese term for speculating in stocks. Roughly translated, it means “stir-frying” shares. Lately, though, for millions of Chinese investors, it means getting fried. Enter the “nerve-shredding,” “whiplash-inducing,” rollercoaster “tantrum”...
By Elliott Wave International Today, I got on the phone with Brian Whitmer, editor of our monthly European Financial Forecast. Brian has been preparing his subscribers for the Greek crisis for a while. Listen to his latest...
The USD/JPY pair fell slightly during the course of the day on Friday, as we await the results of the Greek referendum. Quite frankly though, we still believe that the market has plenty of support below and...
The USD/CAD pair initially trying to rally during the course of the day on Friday, but pullback to form a bit of a shooting star. The shooting star is identical in its implications to the shooting star...
The GBP/USD pair fell slightly during the course of the session on Friday, as we continue to see weakness overall. However, there is a 1.55 barrier that should be rather supportive, and the buyers will more than...
The EUR/USD pair did very little during the session on Friday as we await the Greek referendum vote. That being the case, the market looks as if it will be very volatile on Monday. There is an...
