The GBP/USD pair broke down during the session on Tuesday, breaking the bottom of the shooting star that formed on Monday. While this would typically be a nice selling opportunity, the reality is that the 1.68 level...
The EUR/USD pair initially tried to rally during the session on Tuesday, for broke down through the 1.3750 level solidly in order to test 1.37 level. The 1.37 level is in fact a significant barrier for the...
The AUD/USD pair went back and forth during the session on Tuesday, continuing the sideways grind that we have seen for several days. If that’s the case, it still looks like we are going to go higher,...
By Elliott Wave International Recently, Barron’s included an article from Robert Prechter, founder of Elliott Wave International (EWI), the world’s largest financial forecasting firm. It was adapted from a recent issue of Prechter’s Elliott Wave Theorist, the...
We have just obtained an engaging — and perhaps even an enraging — new report that chronicles 200 years of ineptitude, 100 years of theft and failure, and 50 years of economic regression by the Fed and...
USDCAD remains in uptrend from 1.0813, and the rise extended to as high as 1.0926. Further rise could be expected after a minor consolidation, and the target would be at the upper line of the price channel...
USDCHF’s upward movement from 0.8702 extended to as high as 0.8908. The uptrend could be expected to continue, and next target would be at 0.8950 area. Support is at 0.8860, only break below this level will indicate...
USDJPY remains in uptrend from 102.43, and the rise extended to as high as 102.36. Further rise could be expected after a minor consolidation, and next target would be at 102.70 area. Support levels are at 101.80...
AUDUSD moved sideways in a trading range between 0.9318 and 0.9394. The sideways movement is likely consolidation of the uptrend from 0.9202. As long as 0.9318 support holds, the uptrend could be expected to resume, and next...
GBPUSD broke below 1.6832 support, indicating that the uptrend from 1.6465 (Mar 24 low) had completed at 1.6996 already. Further decline would likely be seen after a minor consolidation, and next target would be at 1.6700 area....
