By Elliott Wave International Editor’s note: The following is a timeless clip from Robert Prechter’s presentation as the Social Mood Conference on April 5, 2014. Bob explores price action in crude oil to deliver an important investment...
USDCAD’s downward movement from 1.0960 extended to as low as 1.0841. Further decline to test 1.0813 support could be expected, a breakdown below this level will signal resumption of the longer term downtrend from 1.1278 (Mar 20...
Being contained by 0.9036 resistance, USDCHF pulled back from 0.9011. However, another rise to test 0.9036 resistance is still possible, a break above this level will signal resumption of the uptrend from 0.8702, then next target would...
USDJPY is now in downtrend from 102.79, and the fall extended to as low as 101.60. Further decline would likely be seen after a minor consolidation, and next target would be at 101.00 area. Resistance is now...
AUDUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 0.9229. Support is located at the bottom of the channel, as long as the channel support holds, the uptrend could be expected...
AUDUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 0.9229. Support is located at the bottom of the channel, as long as the channel support holds, the uptrend could be expected...
GBPUSD’s upward movement from 1.6692 extended to as high as 1.6958. Further rise to test 1.6996 resistance could be expected, a break of this level will signal resumption of the longer term uptrend from 1.4813 (Jul 9,...
Being contained by 1.3502 support, EURUSD rebounded from 1.3512. However, another fall to re-test this support is still possible, a breakdown below this level will signal resumption of the downtrend from 1.3993, then next target would be...
AUD/USD is finding resistance at the top of its range, visible on the 4-hour forex time frame. At the same time, stochastic is moving down, which means that there’s enough selling pressure to push price down. A...
The USD/JPY pair fell during the course of the session on Wednesday, but as you can see still found support near the 102 level. The market should be fighting buyers in this general vicinity, so we are...
