By Elliott Wave International You may recall investor optimism that attended gold’s then record high of $1921.50 in September 2011. A Gallup poll from that time period captured the prevailing sentiment. The Sept. 2, 2011 Elliott Wave...
USDCAD broke above the top of the falling price channel on the daily chart and is now in the uptrend from 1.2993. Further rally would likely be seen in a couple of weeks and next target would...
USDJPY moved sideways in a trading range between 104.00 and 107.05. As long as the price is below the falling trend line on the daily chart, the price action in the range could be treated as consolidation...
AUDUSD extended its downside movement from 0.7413 to as low as 0.7005. Further decline would likely be seen and next target would be at 0.6800 area. Near term resistance is at 0.7240, only break above this level...
GBPUSD remains in the downtrend from 1.3482, the bounce from 1.2674 is likely consolidation for the downtrend, and further decline to 1.2400 area is possible. Near term resistance is at 1.3100, only break above this level could...
EURUSD’s fall from 1.2010 extended to as low as 1.1612. Deeper decline is still possible next week and next target would be at 1.1500, followed by 1.1350. Near term resistance is at 1.1800, a breakout of this...
By Elliott Wave International One positive development to come out of the 2020 pandemic is a widespread desire for financial independence. It’s led everyone from retirees to Generation Z’s to consider stock trading as a “cushion” against...
By Elliott Wave International As you probably know, a “divergence” occurs when one financial market behaves differently from a related financial market. Such occurrences often portend trend changes, albeit, divergences may stretch out for months before a...
By Elliott Wave International It’s always good to get ahead of a trend and not wait until it’s obvious to everyone. Consider the subprime mortgage crisis of more than a decade ago. As you’ll probably recall, it...
USDCAD broke above the falling price channel on the daily chart, indicating that the downside movement from 1.4667 had completed at 1.2993 already. Further rally would likely be seen in a couple of weeks and next target...
