By Elliott Wave International You may remember that after the 2008-2009 crash, many called into question traditional economic models. Why did they fail? And more importantly, will they warn us of a new approaching doomsday, should there...
USDCAD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.1466. Further decline would likely be seen, and next target would be at 1.1250 area. Resistance is at the trend line, only...
USDCHF stays in the upward price channel on 4-hour chart, and remains in uptrend from 0.9370, the fall from 0.9739 could be treated as consolidation of the uptrend. Further rise could be expected after consolidation, and next...
USDJPY remains in uptrend from 105.32, the fall from 116.09 is likely consolidation of the uptrend. Further rise could be expected and next target would be at 117.00 area. Support is at 113.86, only break below this...
AUDUSD stays above the upward trend line on 4-hour chart, and remains in uptrend from 0.8540, and the rise extended to as high as 0.8744. As long as the trend line support holds, the uptrend could be...
GBPUSD broke below 1.5790 support, and continued its downward movement from 1.6182, and the fall extended to as low as 1.5759. Resistance is at 1.5944, as long as this level holds, the downtrend could be expected to...
EURUSD stays in the downward price channel on 4-hour chart, and remains in downtrend from 1.2867. As long as the channel resistance holds, the rise from 1.2358 could be treated as consolidation of the downtrend. Further decline...
The USD/JPY pair initially tried to rally during the course of the day on Tuesday, and actually broke to a fresh, new highs. However, the market struggled and turned back around to form a shooting star. The...
The USD/CAD pair fell during the course of the day on Tuesday, but remains above the 1.13 handle. That is an area that cause quite a bit of support, and therefore we feel that we should see...
The GBP/USD pair broke higher during the course of the day on Tuesday, showing that there is in fact some buyers out there. However, we see a significant amount of resistance above, and as a result it...
