By Elliott Wave International The DJIA, S&P and NASDAQ are struggling to bounce. Yet the bullish convictions remain high. Says a February 5 Investor’s Business Daily headline: “Why Mutual Fund Investors Need Not Panic After January Sell-Off”...
USDCAD moved sideways above 1.1031 support. A breakdown below this support level will indicate that the uptrend from 1.0588 had completed, then deeper decline to 1.0800 area could be seen. However, as long as 1.1031 support holds,...
USDCHF broke below 0.9003 support, suggesting that the uptrend from 0.8903 had completed at 0.9081 already. The pair is now in downtrend, further decline could be expected, and next target would be at 0.8900 area. Resistance levels...
USDJPY is facing the resistance of the upper line of the price channel on 4-hour chart. A clear break above the channel resistance will indicate that consolidation of the downtrend from 105.44 is underway, then the pair...
AUDUSD remains in uptrend from 0.8660. Further rise could be expected after a minor consolidation, and next target would be at 0.9040 area. Key resistance is at 0.9085, as long as this level holds, the price action...
GBPUSD remains in downtrend from 1.6668, the rise from 1.6252 is likely consolidation of the downtrend. Resistance is at 1.6400, as long as this level holds, the downtrend could be expected to resume, and another fall to...
EURUSD broke above 1.3570 resistance, indicating that the downward movement from 1.3739 had completed. Further rise would likely be seen, and next target would be at 1.3700 area. Support is at 1.3550, only break below this level...
The USD/JPY pair rose during the session on Thursday, bringing the top of the two previous hammers. This area was also the 50% Fibonacci retracement from the larger group, so the move higher of course was interesting....
The USD/CAD pair went back and forth during the session on Thursday, meandering around the 1.1050 level. This is an area that’s been very sideways for some time now, and as a result we think that the...
The GBP/USD pair fell below the 1.63 level for the third session in a row, and for the third session in a row turned back around and form a hammer. The three hammers in a row of...
