Short term DXY (USD Index) Elliott Wave view suggests the decline from 6/20 peak (97.87) is unfolding as a Zigzag Elliott Wave structure. Down from 97.87 high, decline to 95.47 ended Minor wave A, and bounce to 96.51 high ended...
AUDUSD recently broke above a major resistance at the April 2016 high of 0.7834, indicating that the sideways movement in the range between 0.7144 and 0.7834 is complete. The AUDUSD pair stays above a bullish trend line...
The USD/CAD pair fell slightly during the day on Tuesday to continue the overall downward trend. We did bounce later in the day, but I think that there is going to be a certain amount of resistance...
The British pound initially tried to rally on Tuesday but found a ton of resistance near the 1.3125 level. This was exacerbated by the less than stellar CPI numbers coming out of the United Kingdom. Because of...
The EUR/USD pair rallied during the day on Tuesday, breaking above the 1.15 handle. We broke above there, pulled back to find support, and then continue to go even higher. This is a major break out as...
The Australian dollar rallied during the day on Tuesday, slicing through the 0.79 handle. The market broke out to the upside, and it now looks as if we are ready to continue going higher. After all, we...
GBPJPY has failed in its last two attempts to break past the 147.50 minor psychological resistance, creating a double top reversal formation. Price is currently testing the neckline at 145.50 and could be due for at least...
By Elliott Wave International On June 29, the Apple iPhone turned 10 years old. But, for many, the mood surrounding the milestone was less than celebratory. Reason being, in June alone, Apple Inc. (AAPL) plunged 6% to...
USDCAD’s bearish movement from 1.3347 extended to as low as 1.2580, facing an important support level at 1.2460 (May 2016 low). The first resistance level is at 1.2701, as long as this level holds, the bearish movement...
USDJPY continued its bearish movement from 114.49 and extended its fall to 111.68. Further decline is still possible after a minor consolidation and next target would be at 111.00 area. Near term resistance is at the descending...
