NASDAQ is currently above a rising trend line on the daily chart, indicating that the market is in an uptrend. The uptrend in NASDAQ started from 10665, and the next target is to test the 13729 resistance...
USDCAD has been moving sideways in a range between the November 2022 low of 1.3225 and the October 2022 high of 1.3976. The sideways move is likely to continue for the next few weeks. The rangebound trading...
USDJPY’s upside movement from the March 24 low of 129.63 has extended to as high as 137.55 and is now facing the resistance level at 137.90. As long as the price remains above the rising trend line...
AUDUSD is currently facing the support level at 0.6563. If the price breaks down below this level, it could signal a resumption of the downtrend from the February 2023 high of 0.7157. The next target for AUDUSD...
GBPUSD has broken above the 1.2447 resistance level and reached a high of 1.2583. This suggests that the uptrend from the September 2022 low of 1.0352 has resumed. If the current momentum continues, a further rally in...
The EURUSD has broken above the 1.1032 resistance level and reached a high of 1.1095. This suggests that the uptrend from the September 2022 low of 0.9535 has resumed. If the current momentum continues, a further rally...
By Elliott Wave International A “calamity” is likely ahead for corporate bonds, says our head of global research, Murray Gunn. Some of Murray’s analysis involves the head and shoulders, a classic technical chart pattern. In case you’re...
New traders think trading is easy. Just ask those who got started in a bull market, as millions of people did in the pandemic. “Buy and hold,” baby! But all bull markets end, so when a little...
By Elliott Wave International Many financial advisors steer clients who are willing to take some risk toward a 60% stocks / 40% bonds portfolio. Alas, investors who followed that strategy in 2022 saw the value of their...
By Elliott Wave International Credit-default swaps were invented in the mid-1990s but a lot of people did not become aware of them until around 2000, and that awareness increased dramatically during the 2008 financial crisis. As you...
