AUDCAD Reversal Pattern (Oct 22, 2014)
A short-term selloff might be in the cards for AUDCAD, as the pair created a double top pattern on its 1-hour time frame. Price has found resistance at the .9950 mark and is finding support at the...
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USD/CAD Forecast October 22, 2014, Technical Analysis
USD/CAD fell during the course of the session on Tuesday, testing the 1.12 level. This is an area that is an area we anticipated to see a significant amount of support at, and we most certainly did...
USD/JPY Forecast October 22, 2014, Technical Analysis
The USD/JPY pair initially fell during the session on Tuesday, but found enough support below to turn things back around and form a little bit of a hammer. Because of that, we feel that this market will...
GBP/USD Forecast October 22, 2014, Technical Analysis
The GBP/USD pair fell slightly during the session on Tuesday, showing that we are in fact going to have to fight our way higher. The weekly candle was a hammer, and although we have not broken the...
EUR/USD Forecast October 22, 2014, Technical Analysis
The EUR/USD pair fell during the course of the day on Tuesday, showing the 1.28 level to be resistive yet again. The 1.28 level is the beginning of significant resistance, extending all the way to the 1.30...
AUD/USD Forecast October 22, 2014, Technical Analysis
The AUD/USD pair fell during the course of the day on Tuesday, showing the 0.88 level as being resistive. Because of this, we recognize that the sellers may step back in, and if we break down below...
Don’t Get Ruined by These 10 Popular Investment Myths (Part VII)
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 Daily Analysis – October 22, 2014
USDCAD is facing the support of the price channel on 4-hour chart, a clear break below the channel support could signal completion of the uptrend from 1.0886, then deeper decline to 1.0800 area could be seen. On...
USDCHF Daily Analysis – October 22, 2014
USDCHF broke above the downward trend line on 4-hour chart, indicating that the downtrend from 0.9687 had completed at 0.9370 already. Further rise could be expected, and next target would be at 0.9650 area. Support is at...
USDJPY Daily Analysis – October 22, 2014
USDJPY remains in uptrend from 105.32, the fall from 107.39 is likely consolidation of the uptrend. Further rise could be expected, and next target would be at 109.00 area. Support is at 106.10, only break below this...