AUDUSD Daily Analysis – July 31, 2014
AUDUSD broke below 0.9328 support, and reached as low as 0.9302. Further decline is still possible in a couple of days, and next target would be at 0.9250 area. Resistance is at 0.9345, as long as this...
Month: July 2014
GBPUSD Daily Analysis – July 31, 2014
GBPUSD continued its downward movement from 1.7190, and the fall extended to as low as 1.6889. Resistance is located at the downward trend line on 4-hour chart. As long as the trend line resistance holds, further decline...
EURUSD Daily Analysis – July 31, 2014
EURUSD remains in downtrend from 1.3650, the rise from 1.3366 is likely consolidation of the downtrend. Initial resistance is at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend...
NZD/USD Potential Bounce (July 30, 2014)
NZD/USD has been selling off strongly in the past few days, yet the pair could be in for a relief rally as it is finding support at the bottom of the rising channel forming on its 4-hour...
USD/JPY Forecast July 30, 2014, Technical Analysis
The USD/JPY pair rose during the course of the day on Tuesday, breaking above the 102 level finally. However, the market still see is a significant amount of resistance just above, and is going to be a...
USD/CAD Forecast July 30, 2014, Technical Analysis
The USD/CAD pair rose during the course of the day on Tuesday, using the 1.08 level as a bit of a springboard. That being the case, the market looks as if it’s ready to continue going higher,...
GBP/USD Forecast July 30, 2014, Technical Analysis
The GBP/USD pair fell again during the session on Tuesday, and quite frankly is starting to press against some pretty significant support. The 1.69 level is essentially the “line in the sand” as far as we can...
EUR/USD Forecast July 30, 2014, Technical Analysis
The EUR/USD pair initially tried to rally during the day on Tuesday, but the Euro continued to struggle during the session, and slammed into the 1.34 handle. With that, we feel that the market could continue to...
AUD/USD Forecast July 30, 2014, Technical Analysis
The AUD/USD pair fell during the day on Tuesday, breaking the back of the hammer that informed on Monday. Because of this, it appears of the market is ready to drift lower, possibly down to the 0.9350...
The Stock Market with Elliott Wave Labels from 1693 to Present Day Reveals a Bear Market Formation Since 2000
By Elliott Wave International The following article was adapted from Robert Prechter’s June 2014 issue of The Elliott Wave Theorist, one of the longest-running investment letters in the business, continuously published monthly since 1979. Figure 1 shows...