By Elliott Wave International Since the time of buttonwood trees, Wall Street has had its own version of the Ten Commandments — the cornerstone principles of conventional economic wisdom. The first of these writ-in-stone notions is the...
You’ve no doubt heard the old mantras: “stocks for the long haul,” “diversify,” “buy and hold.” Investment gurus worldwide repeat them daily. But are these strategies really wise for ALL markets? Can advice that sounds so simple...
USDCHF Analysis. USDCHF’s upward movement extended to as high as 0.9707. Support is at 0.9600, as long as this level holds, uptrend is expected to continue and next target would be at 0.9800 area. However, a breakdown...
AUDUSD Analysis. AUDUSD’s fall extended to as low as 0.9944 level. Deeper decline is expected later today and next target would be at 0.9850 area. Initial resistance is at 1.0025, as long as this level holds, downtrend...
By Elliott Wave International We want to trust in the financial stability of our bank. After all, most of us have money in these institutions. In spite of our wishful thinking, the tide of bank failures has...
AUDUSD Analysis. AUDUSD formed a cycle top at 1.0255 level on 4-hour chart, the subsequent pullback had bring price to the lower border of the price channel. Rebound from the bottom line of the channel would likely...
EURUSD Analysis. EURUSD remains in short term uptrend from 1.3055, the fall from 1.3423 is likely consolidation of uptrend. Another rise to test 1.3497 resistance is still possible, a break above this level will indicate that the...
EURUSD Analysis. EURUSD’s bounce from 1.3055 extended to as high as 1.3423. Another rise to test 1.3497 resistance is still possible later today, a break above this level could indicate that the fall from 1.4281 has completed...
