The AUD/USD pair initially fell during the course of the day on Tuesday, but found enough support below to turn things back around and form a hammer. The hammer of course is a positive sign, and as...
EURJPY appears to have found support at the 200 simple moving average, which is close to the 61.8% Fibonacci retracement level on the 4-hour time frame. Weak euro zone inflation data sparked a round of euro selling...
By Elliott Wave International It’s happened. The one economic comparison Europe has dreaded more than any other; the name that’s akin to Lord Voldemort for investors has been uttered: “deflation.” And it’s not just “deflation.” You can...
By Elliott Wave International Editor’s note: The following article originally appeared in a special September-October double issue of Robert Prechter’s Elliott Wave Theorist, one of the longest-running financial letters in the business. From Sept. 25 to Oct....
USDCAD’s upward movement from 1.0886 extended to as high as 1.1222. Further rise could be expected, and next target would be at 1.1300 area. Support is at 1.1130, only break below this level could signal completion of...
USDCHF’s upward movement from 0.9300 extended to as high as 0.9596. Support is at 0.9485, as long as this level holds, the uptrend could be expected to continue, and next target would be at 0.9700 area. Only...
USDJPY continued its upward movement from 101.50, and the rise extended to as high as 110.08. Further rise could be expected, and next target would be at 112.00 area. Near term support is at 109.10, and the...
AUDUSD continued its downward movement from 0.9401, and the fall extended to as low as 0.8665. Further decline could be expected, and next target would be at 0.8600 area. Resistance is located at the downward trend line...
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.6524. Further decline could be expected, and next target would be at 1.6100 area. Near term resistance is at the trend line,...
EURUSD stays in the downward price channel on 4-hour chart, and remains in downtrend from 1.2994, the rise from 1.2570 is likely consolidation of the downtrend. Resistance is located at the upper line of trend line, as...
