CADJPY Countertrend Setup (Oct 30, 2014)
CADJPY is in a rising channel on its 1-hour time frame but is already nearing the top of the range. Resistance at the 97.50-98.00 area might hold and push the pair back to the bottom of the...
Month: October 2014
USD/JPY Forecast October 30, 2014, Technical Analysis
The USD/JPY pair initially fell during the course of the day on Wednesday, but after a hearty statement by the Federal Reserve, this pair went higher and broke out to the upside. It now seems almost a...
USD/CAD Forecast October 30, 2014, Technical Analysis
The USD/CAD pair went higher during the session on Wednesday after the Federal Reserve released a more hawkish than anticipated statement. We broke back above the 1.12 level, but there is a significant amount of resistance just...
GBP/USD Forecast October 30, 2014, Technical Analysis
The GBP/USD pair fell hard during the course of the day on Wednesday after the Federal Reserve released a fairly hawkish statement. However, the 1.60 level is significant support, so one has to wonder whether or not...
EUR/USD Forecast October 30, 2014, Technical Analysis
The EUR/USD pair initially tried to rally during the course of the day on Wednesday, but a stronger and more hawkish than anticipated statement coming out of the Federal Reserve of course sent this market lower as...
AUD/USD Forecast October 30, 2014, Technical Analysis
The AUD/USD pair initially tried to break out during the session on Wednesday, but with the Federal Reserve stepping in and releasing a hawkish statement, the market broke back down below the 0.88 level during the day....
Don’t Get Ruined by These 10 Popular Investment Myths (Part VIII)
By Elliott Wave International You may remember that after the 2008-2009 crash, many called into question traditional economic models. Why did they fail? And more importantly, will they warn us of a new approaching doomsday, should there...
USDCAD Daily Analysis – October 30, 2014
USDCAD continued its downward movement from 1.1385, and the fall extended to as low as 1.1121. Resistance is at 1.1265, as long as this level holds, further decline is still possible, and next target would be at...
USDCHF Daily Analysis – October 30, 2014
USDCHF broke above 0.9557 resistance, indicating that the uptrend from 0.9370 has resumed. Further rise to test 0.9687 resistance would likely be seen. Support is at 0.9440, only break below this level could trigger another fall to...
USDJPY Daily Analysis – October 30, 2014
USDJPY continued its upward movement from 105.32, and the rise extended to as high as 109.11. Support is located at the bottom of the price channel on 4-hour chart, as long as the channel support holds, further...