EURJPY Short-Term Range (June 10, 2015)
EURJPY has been moving sideways since the start of the month, as price found support at the 139.00 major psychological level and resistance near 141.00. The pair is moving up to test the top of the range...
Month: June 2015
USD/JPY Forecast June 9, 2015, Technical Analysis
The USD/JPY pair fell off of a cliff during the session on Monday, slicing back below the 125 handle. By doing so, it formed a very ugly candle and it appears that we are now going to...
USD/CAD Forecast June 9, 2015, Technical Analysis
The USD/CAD pair fell during the session on Monday, testing the 1.24 level yet again. By doing so, we are at the bottom of the recent consolidation area, and it now appears that we will more than...
GBP/USD Forecast June 9, 2015, Technical Analysis
The GBP/USD pair initially fell during the day on Monday, but found the 1.52 level to be supportive enough to turn things back around. By doing so, we bounce all the way to the 1.5350 region, and...
EUR/USD Forecast June 9, 2015, Technical Analysis
The EUR/USD pair broke much higher during the course of the day on Monday, clearing the 1.12 level with ease. Because of this, we feel that the market is going to continue to grind higher, and head...
AUD/USD Forecast June 9, 2015, Technical Analysis
The AUD/USD pair broke higher during the course of the day on Monday, clearing the 0.77 level. By doing so, the market looks as if it is trying to bounce from the 0.76 handle. We don’t have...
GBPUSD Short-Term Reversal (June 9, 2015)
GBPUSD could be done with its short-term selloff since the pair is creating a double bottom reversal formation on its 1-hour time frame. At the same time, the short-term simple moving average is crossing above the long-term...
Central Banks Predict Gold Market – But Not The Way You Think
By Bob Prechter, Elliott Wave International Editor’s note: This article was adapted from a new multimedia report, “The New Financial Theory that Could Make the Difference in Your Investing Success,” from Elliott Wave International, the world’s largest...
(Video) Japanese Yen Falls to a 17-Year Low — Watch How It Got There
By Elliott Wave International You’ll find many explanations in the news why the U.S. dollar is trading at the highest point against the Japanese yen since 2002. Most of them have one thing in common: They rationalize...
GBPUSD Reversal Pattern (June 8, 2015)
GBPUSD could turn from its recent uptrend, as the pair is forming a reversal pattern on its 4-hour chart. Price is in the middle of completing the right shoulder of the head and shoulders formation and might...