By Elliott Wave International Some investors who are fans of technical analysis may not realize that another way to look at many classic chart patterns — for example, Head and Shoulders — is to describe them in...
By Brian Whitmer | European Financial Forecast editor Charles Dow (yes, the one with the averages named after him) developed a foundational concept in technical analysis that requires that price movement in industrial stocks and transportation shares confirm one...
When investors and traders first discover the Elliott Wave Principle, they’re often most impressed by its ability to predict where a market will head next. And it is impressive! But its real power doesn’t end there; the...
On Tuesday, July 16th, the Australian dollar (AUD) fell by 0.4% against the US dollar (USD), closing at 0.6733. Earlier in the day, the pair had dropped to a low of 0.6712. This decline was driven by...
The British Pound (GBP) has been showing strength against the US Dollar (USD) recently, driven by several key factors. Let’s break down the main drivers and potential future scenarios for the GBP/USD pair. 1. Interest Rate Differentials...
The EUR/USD pair has seen a significant rally recently, climbing from the 1.07 level to touch a high of 1.0911 last week – its highest point since June 7th. The pair closed at 1.0907 on Friday, marking...
The USD/JPY pair continued its downward trajectory on Friday (July 12th), closing 0.56% lower at 157.91 in New York trading. This follows Thursday’s significant drop, with the pair briefly touching 157.30, its lowest level since June 17th....
By Murray Gunn | Global Rates & Money Flows editor I have spent much of my career among professional traders. By nature, traders are a betting crowd; if they can’t bet on the markets, they’ll bet on something else....
On Tuesday, July 9th, the USD/JPY pair increased by 0.29%, closing at 161.28. This keeps the pair just below the 38-year high of 161.95 reached last week. Key Factors Influencing USD/JPY Upcoming Events to Watch Technical Analysis...
The British Pound (GBP) has shown impressive strength against the US Dollar (USD) recently, extending its upward move from 1.2612 to reach a high of 1.2845. However, the pair is now facing resistance at the 1.2860 level,...
