A recent MarketWatch article encouraged traders to “Forget Facebook and Apple and buy cheap BANG stocks.” You may be wondering if that’s really a good strategy. Our friends at Elliott Wave International asked their Senior Metals Analyst,...
USDCAD extended it downside movement from 1.3071 extended to as low as 1.2915, breaking below 1.2926 support. Further decline could be expected and next target would be at 1.2800 area. Resistance is at 1.3000, only a breakout...
USDJPY broke above the bearish trend line on the 4-hour chart, suggesting that the downside movement from 114.54 had completed at 111.62 already. Further rally is still possible in a couple of days and next target would...
AUDUSD extended its upside movement from 0.7041 to as high as 0.7151. Further rally could be expected in a couple of days and next target would be at 0.7200 area. Support is at 0.7095, only a breakdown...
GBPUSD broke above 1.3190 resistance, suggesting that the uptrend from 1.2921 has resumed. Further rise to test 1.3257 resistance is possible, a breakout of this level could trigger further upside movement towards 1.3400 area. Key support is...
EURUSD extended its upside movement from 1.1432 to as high as 1.1622. Further rise is still possible after consolidation and next target would be at 1.1700 area. Near term support is at 1.1534, only a breakdown below...
USDCAD broke below the bullish trend line on the 4-hour chart, suggesting that lengthier consolidation for the uptrend from 1.2782 is needed. Range trading between 1.2926 and 1.3071 would likely be seen in a couple of days....
USDJPY extended its downside movement from 114.54 to as low as 111.62. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next...
AUDUSD broke above 0.7130 resistance, suggesting that the downside movement from 0.7314 had completed at 0.7041 already. Further rally could be expected in the coming days and next target would be at 0.7200 area. Near term support...
GBPUSD is now in the downtrend from 1.3257. Further decline is still possible and next target would be at 1.3020 area. Resistance is at 1.3190, a breakout of this level would indicate that the uptrend from 1.2921...
