By Elliott Wave International The campaign for the June 23 referendum on whether or not Britain should remain a member of the European Union has just hit a horrific milestone. CNBC reports that, “A British lawmaker was...
If you follow Europe’s major financial news networks, you’re no doubt inundated by all the rumor and conjecture surrounding the Brexit referendum — it dominates the headlines. Back across the pond, the Washington Post calls it the...
No changed in our view, USDCAD remains in uptrend from 1.2460, the fall from 1.3188 could be treated as correction of the uptrend. Another rise could be expected after correction, and next target would be at 1.3600...
After consolidation, USDJPY broke below 105.54 previous low support, and continued its downward movement from 123.75. Further decline could be expected over the next several weeks, and next target would be at 100.00 area. Key resistance is...
AUDUSD remains in downtrend from 0.7834, the price action from 0.7144 could be treated as consolidation of the downtrend. Range trading between 0.7144 and 0.7550 could be expected over the next several weeks. As long as 0.7550...
GBPUSD’s downward movement from 1.4769 extended to as low as 1.4012. Further decline to test 1.3835 support could be expected over the next several weeks. Resistance is at 1.4500, as long as this level holds, the downtrend...
EURUSD is testing the support of the price channel on daily chart. As long as the channel support holds, the fall from 1.1616 could be treated as consolidation of the uptrend from 1.0517, one more rise to...
The USD/JPY pair fell during the day on Friday, showing signs of weakness yet again. That being the case, it looks as if we are going to try to reach down towards the lows that we formed...
The USD/CAD pair fell initially during the course of the session on Friday, but turn right back around to form a hammer. There is a shooting star from the Thursday session, so having said that it looks...
The GBP/USD pair initially fell during the course of the day on Friday, but turned right back around to form a very bullish looking candle. However, there is quite a bit of resistance just above and of...
