EURUSD broke below the rising trend line on the daily chart and continued its sideways movement in a trading range between 1.1695 and 1.2010. As long as 1.1695 key support holds, the sideways movement could be treated...
One silver lining of the global pandemic is that many of us are taking time to learn something new — or to sharpen our skills. Our friends at Elliott Wave International decided early on that they wanted...
By Elliott Wave International You’ve probably heard the phrase, “leading economic indicators.” In the U.S., they refer to a core set of data points, including the Consumer Price Index, the Producer Price Index, employment, manufacturing activity, housing...
USDCAD remains in the downtrend from 1.4667, the bounce from 1.2993 is likely consolidation for the downtrend. As long as 1.3400 resistance holds, the downside movement could be expected to continue and next target would be at...
USDJPY moved sideways in a trading range between 104.18 and 107.05. As long as the price is below the falling trend line on the daily chart, the downside movement from 111.71 could be expected to continue and...
AUDUSD stays in a rising price channel on the daily chart and remains in the uptrend from 0.5507. As long as the channel support holds, the upside movement could be expected to continue and next target would...
GBPUSD stays in a rising price channel on the daily chart and remains in the uptrend from 1.1409. As long as the channel support holds, the pullback from 1.3482 could be treated as corrective consolidation for the...
EURUSD stays above a rising trend line on the daily chart and remains in the uptrend from 1.0635. As long as the trend line support holds, the price action in the trading range between 1.1695 and 1.2010...
By Elliott Wave International Let’s pretend for a second we’re trying to explain to an alien how the weather works on planet Earth. When the sky turns dark and cloudy, we might tell him, this indicates rain...
By Elliott Wave International Let’s start off with an August 26 quote from Marketwatch: [F]rothy financial markets … currently are discounting the nirvana of an uninterrupted V-shaped recovery. … Of course, that statement means that the reason...
