USDJPY Analysis. USDJPY’s bounce from 88.14 extended to as high as 91.08 last week. Further rally to test the resistance of the falling trend line from 93.75 (Jan 7 high) to 92.14 is expected later today, a...
By Nico Issac So far in 2010, the number of US bank failures has reached 25, a rate of two per week. This compares to 25 total bank failures for ALL of 2008, and three for 2007....
By Editorial Staff This is an excerpt from Elliott Wave International’s free Club EWI resource, "What a Trader Really Needs to be Successful" — a classic Special Report by EWI’s president Robert Prechter.
USDJPY Analysis. USDJPY’s bounce from 88.14 extended further to as high as 90.82. However, another fall towards 89.63 key support is still possible later today, a breakdown below this level will indicate that the downtrend from 93.75...
GBPUSD Analysis. After touching the upper border of the falling price channel, GBPUSD dropped from 1.5195 and formed a short term cycle top on 4-hour chart. Deeper decline to test 1.4784 support is expected, a breakdown below...
Gold’s safe-haven status is based on hype, not history By Nico Isaac As I sat down to watch the Oscar pre-show on Sunday night, March 7, one word was repeatedly used to describe the celebrity starlets and...
USDCAD Analysis. USDCAD’s downtrend extended further to as low as 1.0235 level. Deeper decline to test 1.0224 (Jan 14 low) is still possible later today. Bounce would more likely be seen before breaking below this level. Key...
GBPUSD Analysis. GBPUSD breaks below 1.4992 key support, suggesting that a short term cycle top has been formed at 1.5195 level on 4-hour chart. Deeper decline towards 1.4784 previous low is expected later today, a breakdown below...
EURUSD Analysis. EURUSD is forming a sideways movement in a range between 1.3435 and 1.3838. Another rise towards 1.3838 is expected later today. As long as this level holds, the price action in the trading range is...
You’ve heard the common trading advice: “Successful traders know how to control their emotions, instead of being controlled by their emotions.” I bet you’re thinking easier said than done, huh? As a trader, you’re bombarded with countless...
