AUDUSD Ascending Channel (Feb 29, 2016)
AUDUSD has been trending higher in the past weeks, trading above an ascending channel on its 1-hour time frame. Price is currently testing the trend line support and might be due for a bounce or a break....
Month: February 2016
(Interview) Learn Why 2015 Was a Key Transition Year for Stocks
By Elliott Wave International Our Chief Market Analyst Steve Hochberg talks to Moe Ansari on Market Wrap Radio. You’ll hear his take on what we’ve seen in the markets so far in 2016 — and why Steve...
Urgent opportunity: Stop everything and do this now …
State of the Global Markets Report — 2016 edition, one of the most anticipated annual reports for investors and technical analysts, has just been released, and the first 10,000 copies can be reserved right now 100% free....
(Interview) Why You Need the Wave Principle in YOUR Toolbox, Too
By Elliott Wave International Learn more about our Chief Commodity Analyst, Jeffrey Kennedy, and what he thinks makes Elliott wave principle so compelling: Namely, that it puts price action into context of a larger trend. As Jeff...
Housing: At the Edge of Another Huge Cliff?
By Elliott Wave International Editor’s note: You’ll find a text version of the story below the video. Time and again, we’ve said that financial markets do what they do despite the Federal Reserve. When the central bank...
USDCAD Weekly Analysis – February 28, 2016
USDCAD’s downward movement extended to as low as 1.3504. Deeper decline is still possible next week, and next target would be at 1.3200 area. Resistance is at 1.3870, only break above this level could signal completion of...
USDJPY Weekly Analysis – February 28, 2016
USDJPY is in consolidation of the downtrend from 123.75. Range trading between 110.97 and 116.00 is possible in a couple of weeks. Resistance is at 116.00, as long as this level holds, the downtrend could be expected...
AUDUSD Weekly Analysis – February 28, 2016
AUDUSD’s rise from 0.6826 extended to as high as 0.7258. Further rise to test 0.7439 key resistance is possible next week, as long as this level holds, the price action in the range between 0.6826 and 0.7439...
GBPUSD Weekly Analysis – February 28, 2016
GBPUSD broke below 1.4080 support, indicating that the downtrend from 1.5929 (Jun 18, 2015 high) has resumed. Further decline could be expected, and next target would be at 1.3000 area. Resistance levels are at 1.4300 and 1.4668,...
EURUSD Weekly Analysis – February 28, 2016
EURUSD’s fall from 1.1376 extended to as low as 1.0911. Deeper decline to test 1.0700 support is possible next week, as long as this level holds, the fall could be treated as consolidation of the uptrend from...