The AUD/USD pair fell during the course of the day on Monday, breaking back below the 0.70 level. Because of this, it looks like we are going to try to go lower, perhaps heading to the 0.69...
EURUSD could be in for a short-term reversal from its recent selloff, as the pair formed a double bottom pattern on its 1-hour time frame. Price has yet to test and break above the neckline of the...
AUDUSD has been in a strong downtrend lately but it looks like the bearish momentum is fading. Price formed higher lows on the 4-hour chart while stochastic made lower lows, creating a bullish divergence. Stochastic has yet...
What if you knew which way the markets should go before the news? Impossible? On the contrary. You just need to track the real driver of market trends: market psychology. Market psychology is reflected on price charts...
By Elliott Wave International Bespoke Investment Group uses an interesting term to describe recent stock market action: “all or nothing.” In the stock market, “all or nothing” days occur when at least 80% of the stocks in...
By Elliott Wave International Robert Prechter’s monthly Elliott Wave Theorist once published a ten-part study explaining why traditional financial models failed to foresee the 2007-2009 financial crisis — and, more importantly, why they are doomed to fail...
USDCAD broke above 1.3353 resistance, indicating that the uptrend from 1.1919 has resumed. Further rise could be expected over the next several weeks, and next target would be at 1.4000 area. Key support is now at 1.3011,...
USDJPY moved sideways in a narrow range between 118.58 and 121.62. The price action in the range is likely consolidation of the uptrend from 116.13. Further rise to 125.00 area could be expected, and the target would...
AUDUSD remains in downtrend from 0.9504 (Jul 1, 2014 high), the rise from 0.6907 is likely consolidation of the downtrend. Range trading between 0.6907 and 0.7439 could be seen over the next several weeks. Key resistance is...
GBPUSD broke below 1.5165 support, indicating that the downtrend from 1.5929 has resumed. Further decline could be expected over the next several weeks, and next target would be at 1.4700 area. Resistance levels are at 1.5400 and...
