By Elliott Wave International Editor’s note: This article is from Elliott Wave International’s brand-new investment report, “U.S. Investors Face a Giant, Historic Bubble.” It originally appeared in the April issue of The Elliott Wave Financial Forecast, published...
USDCAD broke below 1.2200 support, indicating that the uptrend from 1.0619 (Jul 3, 2014 low) had completed at 1.2835 already. Further decline could be expected, and next target would be at 1.1500 area. Resistance is at 1.2450,...
USDJPY continued its sideways movement in a range between 115.56 and 122.02. Another fall to test 115.56 support is possible, as long as this level holds, the sideways movement could be treated as consolidation of the uptrend...
AUDUSD moved sideways in a trading range between 0.7532 and 0.7938. As long as 0.7938 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 0.9504 (Jul 1, 2014 high), another fall to...
GBPUSD remains in downtrend from 1.7190 (Jul 15, 2014 high), the rise from 1.4565 is likely consolidation of the downtrend. Resistance is located at the top of the price channel on daily chart, as long as the...
EURUSD moved sideways in a range between 1.0462 and 1.1052. As long as 1.1052 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3993 (May 8, 2014 high), another...
The USD/JPY pair went back and forth during the course of the session on Friday, but as you can see had a slightly negative result. With that being the case, the market looks as if it is...
The USD/CAD pair fell during the bulk of the session on Friday, but found enough support at the 1.21 level to turn things back around and form a nice-looking hammer. With this, it appears of the market...
The GBP/USD pair initially broke higher during the course of the session on Friday, but as you can see struggled at the 1.50 level. By doing so, the market turned back around and formed a shooting star...
The EUR/USD pair went back and forth during the course of the day on Friday, eventually settling on a slightly positive candle. The candle is in quite a shooting star, but it does look similar. Because of...
