Under pressure by the downward trend line on daily chart, GBPUSD pulled back from 1.2615, indicating that lengthier sideways movement in the range between 1.1946 and 1.2774 is underway. Another fall to test 1.1946 support could be...
EURUSD stays in the descending price channel on daily chart and remains in downtrend from 1.1616 (May 3, 2016 high). Further decline could be expected over the next several weeks and next target would be at 1.0400...
The USD/JPY pair fell significantly during the day on Friday after the less than expected jobs number out of America. However, we found enough support at the 50% Fibonacci retracement level again to turn around and form...
The USD/CAD pair initially fell on Friday but found enough support to turn the market completely around and form a massive hammer. This hammer suggests that we are going to go higher, perhaps reaching towards the 1.35...
The GBP/USD pair fell significantly during the session on Friday, as we have broken below the 1.24 handle. Closing at the bottom of the range is very bearish and it now looks as if we are going...
The EUR/USD pair initially tried to rally during the day on Friday, but then broke down below the 1.06 handle during the day. This is a very negative sign, and I believe that we will eventually reach...
The Australian dollar fell hard during the session on Friday, crashing into the 0.75 handle. That’s an area that has a certain amount of psychological significance to it, so it makes sense that we could get a...
By Elliott Wave International In this new interview, Brian Whitmer, the editor of our European Financial Forecast and contributor to the European section of Global Market Perspective, highlights the precarious position of European stock markets. Get a...
NG #F (Natural Gas) has been rallying since forming a low on 2/22 (2.523). Rally is unfolding as a WXY or double three Elliott Wave Structure where wave W completed at 3.089 and wave X completed at 2.882....
DFMGI tracks Dubai Financial Market which is the largest financial trading exchange in the United Arab Emirates. Dubai has emerged as a global city and business hub of the Middle East , it’s contently growing bigger and becoming...
