The GBP/USD pair broke higher during the course of the day on Friday, after falling significantly on Thursday. That being the case, the 1.63 level offered enough support in order to turn things back around for the...
The EUR/USD pair initially tried to rally during the session on Friday, but found the 1.30 level to be far too resistive. In the end, we ended up forming a shooting star, which of course suggests that...
The AUD/USD pair broke higher during the course of the session on Friday, and even broke above the top of the shooting star from Thursday. That being the case, the market looks as if it is trying...
USDJPY has staged strong gains in the past few days yet it appears to be stalling at a major resistance zone. Price is moving around the 105.50 area, which lines up with the previous year highs and...
The USD/JPY pair rose during the course of the day on Thursday, hanging about the 105 level. With today being the nonfarm payroll announcement, it’s likely that there will be quite a bit of volatility in this...
The USD/CAD pair had a fairly negative session but bounced enough at the end of the day on Thursday to form a nice-looking hammer. However, with today been nonfarm payroll number in the United States, and Canadian...
GBP/USD fell during the course of the day on Thursday, breaking down significantly. In fact, we are already testing the 1.63 handle, and as a result we feel that the market will continue to sell off and...
The EUR/USD pair fell hard during the session on Thursday as the European Central Bank surprised that the markets with a slight rate cut. With that, the market looks as if it is going to continue selling,...
The AUD/USD pair tried to rally significantly during the session on Thursday but failed. The pullback ended up forming a shooting star, and as a result it looks like the market wants to stay within the consolidation...
By Robert Prechter (excerpted from the monthly Elliott Wave Theorist; published since 1979) Over the past 30 years, hundreds of articles — you can find them on the web — have featured comments from economists about the...
