By Elliott Wave International EWI’s president Bob Prechter has been warning about the safety of the U.S. banking system for a while. Enjoy this excerpt from a new article by Terry Burnham, a former Harvard economics professor,...
The bottom of USD/CHF’s channel held last week, as risk aversion was still present in the trading markets. The pair is currently moving towards the middle of the channel, which might act as medium-term resistance. Take note...
USDCAD’s upward movement from 1.0588 extended to as high as 1.1224. Initial support is at the lower line of the price channel on 4-hour chart, as long as the channel support holds, the uptrend could be expected...
USDCHF’s upward movement from 0.8903 extended to as high as 0.9079. Further rise is still possible, and next target would be at 0.9135 area. Support is at 0.9000, only break below this level could trigger another fall...
USDJPY continues its sideways movement in a range between 101.77 and 103.44. Key resistance is located at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds, the downtrend from...
AUDUSD moved sideways in a range between 0.8660 and 0.8887. Key resistance is at 0.8887, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 0.9085,...
GBPUSD’s downward movement extended to as low as 1.6420. Deeper decline would likely be seen, and the target would be at the bottom of the price channel on 4-hour chart. Resistance is at 1.6520, only break above...
EURUSD broke below 1.3507 support and reached as low as 1.3479, indicating that the downtrend from 1.3892 has resumed. Deeper decline could be expected in a couple of days, and next target would be at 1.3400 area....
USDCAD continued its upward movement from 1.0182 and the rise extended to as high as 1.1224. Further rise could be expected after a minor consolidation, and next target would be at 1.1500 area. Initial support is at...
USDCHF stays within a downward price channel on daily chart, and remains in downtrend from 0.9751, the price action from 0.8890 could be treated as consolidation of the downtrend. Key resistance is at 0.9156, as long as...
