GBPUSD Uptrend Forming (Sept 21, 2015)
GBPUSD seems to be starting a new trend on its 1-hour forex chart, as the recent highs and lows can be connected using an ascending channel. Price just bounced off the channel resistance and may make its...
Month: September 2015
Investors Bet on Housing Again (Just in Time for Another Implosion?)
By Elliott Wave International The U.S. housing market may be about to implode — again. Before I get into the “why,” know that the residential real estate market never fully recovered. Annualized new home sales this past...
U.S. Stocks: End of the Complacent Era?
By Elliott Wave International Editor’s note: You’ll find the text version of the story below the video. August 20 was the third consecutive down day for the Dow Industrials as the index tumbled 358 points. The U.S....
USDCAD Weekly Analysis – September 20, 2015
USDCAD stays in the upward price channel on daily chart, and remains in uptrend from 1.1919, the fall from 1.3353 is likely consolidation of the uptrend. As long as the channel support holds, the uptrend could be...
USDJPY Weekly Analysis – September 20, 2015
USDJPY is in uptrend from 116.13, the fall from 121.62 is likely correction of the uptrend. Further rise could be expected after correction, and next target would be at 125.00 area. Key support is at 116.13, only...
AUDUSD Weekly Analysis – September 20, 2015
AUDUSD broke above the downward trend line on daily chart, indicating that consolidation for the downtrend from 0.9504 (Jul 1, 2014 high) is underway. Range trading between 0.6907 and 0.7439 would likely be seen over the next...
GBPUSD Weekly Analysis – September 20, 2015
GBPUSD remains in downtrend from 1.5929, the rise from 1.5165 is likely consolidation of the downtrend. Further decline is possible and next target would be at 1.4700 area. Key resistance is at 1.5929, only break above this...
EURUSD Weekly Analysis – September 20, 2015
EURUSD is in downtrend from 1.1713, the rise from 1.1087 could be treated as correction of the downtrend. Further decline is still possible after correction, and next target would be at 1.0600 area. Key resistance is at...
USD/JPY Forecast September 21, 2015, Technical Analysis
The USD/JPY pair initially fell during the course of the session on Friday, but found enough support below to turn things back around to form a nice-looking hammer. The hammer of course suggests that the buyers are...
USD/CAD Forecast September 21, 2015, Technical Analysis
The USD/CAD pair fell during the course of the session on Friday, testing the 1.30 level. However, we turned back around and formed a very positive looking candle. With that, it appears of the market should continue...