“That time still lies ahead, but it is coming.” – Robert Prechter says on the first page of his Elliott Wave Theorist. The major market Bob refers to could be the opportunity of a lifetime. And the...
Short term USDX (USD Index) Elliott Wave view suggests the rally to 97.88 high on 6/20 ended Intermediate wave (X). Decline from there is unfolding as an impulse Elliott Wave structure with extension and ended at 95.47 low on 6/29. This 5 wave move...
After breaking above the top trend line of the price channel on the 4-hour chart, USDCAD moved sideways in a trading range between 1.2912 and 1.3014, suggesting that consolidation for the downtrend from 1.3347 is underway. Further...
USDJPY continued its upside movement and the rise extended to as high as 113.83. Near term support is at 112.74, followed by the bottom trend line of the price channel on its 4-hour chart now at around...
AUDUSD’s fall from 0.7712 extended to as low as 0.7571. Further decline to test 0.7535 support is possible. As long as 0.7535 support holds, the fall could be treated as consolidation of the uptrend from 0.7328 (May...
GBPUSD moved sideways in trading range between 1.2893 and 1.3029. As long as 1.2893 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.2589, and further rise towards 1.3200 is possible after...
EURUSD failed to break below 1.1290 support and is now facing 1.1450 key resistance again. A break of this level will signal resumption of the uptrend from 1.0569 (Apr 10 low), then next target would be at...
The United States dollar initially dipped on Thursday but found enough support at the 113 level to turn around and bounce towards the 113.50 level above. However, that area was resistive, and we pulled back towards the...
The US dollar initially tried to rally against the Canadian dollar again on Thursday, but found the 1.30 level to be a bit too strenuous to overcome. Because of this, we drove down to the 1.2930 level,...
The British pound had a volatile session during the day on Thursday, as we continue to go sideways, but then turned around near the 1.2980 level to test the 1.2930 level again. The market also has massive...
