GBPAUD has been trending higher on its 4-hour chart, moving inside a rising channel visible on that time frame. Price just bounced off the channel support at 2.1150 and may be aiming for the top at 2.1800-2.1900....
AUDUSD has broken below its mid-range area of interest and is now aiming for the bottom around the .6950 minor psychological level. A test of this support could yield either a bounce or a break, with technical...
By Elliott Wave International Mark Galasiewski is the editor of our monthly Asian-Pacific Financial Forecast. Mark’s a big-picture guy — he loves analyzing the longer-term chart patterns, because they have the most significance to human social history....
Is this sleeping giant ready to offer opportunities for investors? Anyone investing since the 1980s knows the boom and bust story of Japan and its Nikkei stock index. The Nikkei peaked just below 39,000 in 1989. Once...
By Elliott Wave International As a native New Yorker, I can say with complete confidence: It’s true; there’s no place on earth like The Big Apple. It’s also true that, until recently, most New Yorkers would trip...
USDCAD’s rise from 1.2831 extended to as high as 1.3317. Further rise to test 1.3456 resistance is possible next week, a break of this level will signal resumption of the uptrend from 1.1919, then next target would...
USDJPY broke above 121.62 resistance, and continued its upward movement from 116.13, and the rise extended to as high as 123.26. Further rise to test 125.85 resistance is possible, a break of this level will indicate that...
AUDUSD stayed in the trading range between 0.6907 and 0.7439. The price action in the range is likely consolidation of the downtrend from 0.9504 (Jul 1, 2014 high), another fall towards 0.6500 could be expected after consolidation....
GBPUSD’s downward movement from 1.5929 extended to as low as 1.5027. Further decline could be expected over the next several weeks, and next target would be at 1.4700 area. Resistance is located at the downward trend line...
EURUSD continued its downward movement from 1.1713, and the fall extended to as low as 1.0705. Further decline to test 1.0462 (Mar 13 low) support could be expected, a breakdown below this level will indicate that the...
