EUR/USD Forecast June 16, 2014, Technical Analysis
The EUR/USD pair went back and forth during the session on Friday, testing the 1.35 region for support. However, at the end of the day we really didn’t do much, and as a result we feel that...
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AUD/USD Forecast June 16, 2014, Technical Analysis
The AUD/USD pair fell during the bulk of the session on Friday, but found enough support below to turn things back around and form a hammer. This hammer suggests that the market wants to break higher and...
GBP/AUD Momentum Play to Range Resistance (June 13, 2014)
Thanks to BOE Governor Carney’s hints that the UK central bank is looking to hike interest rates earlier than markets expect, GBP/AUD has made a strong convincing bounce off the range support visible on its 4-hour forex...
USD/JPY Forecast June 13, 2014, Technical Analysis
The USD/JPY why pair fell during the course of the session on Thursday, after initially trying to rally. However, what is most important is that we broke down below the 102 level, which of course is supportive....
USD/CAD Forecast June 13, 2014, Technical Analysis
The USD/CAD pair fell during the course of the session on Thursday, but found enough support below to bounce a bit and form a hammer. We believe that the market should find buyers in this general vicinity,...
GBP/USD Forecast June 13, 2014, Technical Analysis
The GBP/USD pair rose during the course of the session on Thursday, breaking above the 1.68 level, opening the path to the 1.70 level given enough time. We believe the pullbacks will continue to be opportunities to...
EUR/USD Forecast June 13, 2014, Technical Analysis
The EUR/USD pair initially fell during the course of the session on Thursday, testing the 1.35 level again. With that being the case, the market bounced high from the massive support area, thereby forming a candle that...
AUD/USD Forecast June 13, 2014, Technical Analysis
The AUD/USD pair broke above the 0.94 level during the session on Thursday, after initially falling. This is a very positive turn of events, and we believe that the Australian dollar will continue to gain. In fact,...
(Video) How — and Why — the Markets Fool Investors
By Elliott Wave International Editor’s note: The following is a timeless clip from Robert Prechter’s presentation as the Social Mood Conference on April 5, 2014. Bob explores price action in crude oil to deliver an important investment...
USDCAD Daily Analysis – June 13, 2014
USDCAD’s downward movement from 1.0960 extended to as low as 1.0841. Further decline to test 1.0813 support could be expected, a breakdown below this level will signal resumption of the longer term downtrend from 1.1278 (Mar 20...