EURAUD recently broke below its ascending channel bottom around 1.5600-1.5650 then hit a low of 1.5500 before pulling up. Applying the Fib tool on the latest swing high and low shows that the 50% level lines up...
By Elliott Wave International Evidence: Your Bond Fund Is Riskier Than You Think Debt deflation has taken down a huge multinational builder. Pitfalls in the bond market are growing too risky for bond investors to ignore. Learn...
USDCAD extended its downside movement from 1.2909 to as low as 1.2623. Further decline would likely be seen after a minor consolidation and next target would be at 1.2600 area. Near term resistance is at 1.2750, only...
USDJPY remains in uptrend from 110.84, the fall from 113.08 could be treated as consolidation of the uptrend. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could...
After touching 0.7644 resistance, AUDUSD fell to 0.7571, indicating that the pair remains in the downtrend from 0.8124 (Sep 8 high) and the price action from 0.7532 is consolidation of the downtrend. Deeper decline to test 0.7532...
GBPUSD’s pullback from 1.3549 extended to as low as 1.3370. Further decline is still possible and next target would be at the rising trend line on the 4-hour chart. As long as the trend line support holds,...
EURUSD broke below 1.1809 support, suggesting that the upside movement from 1.1554 had completed at 1.1961 already. Further decline would likely be seen in the coming days and next target would be at 1.1712. A breakdown below...
By Elliott Wave International Friday December 1 was a lucky break for loonie bulls. That day, the government agency Statistics Canada revealed the nation’s economy added 79,500 new jobs in November, “blowing past” the 10,000 that economists...
The dollar appreciated on Monday although it did so at a limited pace. Most of the crossings had limited tours at the beginning of the week continuing the tours of the American session on Friday, albeit at...
AUDUSD is currently trading inside an ascending channel on its daily time frame and is testing support. Price is also moving inside a short-term descending channel and might need to break past the resistance before establishing bullish...
