By Elliott Wave International A classic issue of The Elliott Wave Theorist published this exchange: Q. Do you believe that the Wave Principle provides for an objective form of analysis? … There are market watchers who say...
By Elliott Wave International Stocks and oil weren’t the only markets going berserk last week. Eurodollar, or EURUSD — the world’s biggest and most popular forex market — first rallied 700+ points (or pips) higher and then...
USDCAD stays in a upward price channel on daily chart, and remains in uptrend from 1.1919, the fall from 1.3353 is likely consolidation of the uptrend. Near term support is at the bottom of the channel. As...
USDJPY is now in uptrend from 116.13, the fall from 121.62 is likely correction of the uptrend. As long as 116.13 support holds, the uptrend could be expected to resume, and further rise to test 125.85 resistance...
AUDUSD’s downward movement from 0.8162 extended to as low as 0.6906. Further decline could be seen over the next several weeks, and next target would be at 0.6500 area. Resistance is located at the downward trend line...
GBPUSD broke below 1.5170 support, indicating that the uptrend from 1.4565 had completed at 1.5929 already. Further decline could be expected over the next several weeks, and next target would be at 1.4700 area. Resistance is at...
EURUSD is now in downtrend from 1.1713. Further decline could be expected after a minor consolidation, and next target would be at 1.0600 area. Resistance levels are at 1.1400 and 1.1713, only break above these levels could...
The USD/JPY pair fell initially during the day on Friday, as the jobs number missed the anticipated 217,000 jobs added during the month of August. However, there were underlying factors that suggested perhaps the employment situation was...
The USD/CAD pair initially fell during the course of the day on Friday, but found enough support near the 1.3150 level to turn things back around and form a nice hammer. The hammer matches the one that...
The GBP/USD pair fell on Friday, as the market reacted to the jobs number. This market tested the 1.52 level for support and found it – kind of. With this though, it looks as if the market...
