EURUSD Analysis. EURUSD continued its downward movement from 1.4535 and the fall extended to as low as 1.4055. Deeper decline is still possible in a couple of days, and next target would be at 1.3950 area. Resistance...
In this video excerpt, Elliott Wave Financial Forecast Editor Steve Hochberg explains one of the most important things to keep in mind when assessing a market, "Extreme opinions, shared widely, constitute the single most reliable indicator of...
EURUSD Analysis. EURUSD stays below a downtrend line on 4-hour chart, and remains in downtrend from 1.4535, the rise from 1.4143 would possibly be consolidation of downtrend. As long as the trend line resistance holds, we’d expect...
USDJPY Analysis. USDJPY formed a cycle bottom at 76.29 on 4-hour chart. Range trading between 76.29 and 78.02 would likely be seen in a couple of days. As long as 78.02 resistance holds, the price action in...
By Elliott Wave International July 28 would have been Ralph N. Elliott’s 140th birthday, so it’s a fitting time to post an excerpt from his essay, "The Basis of the Wave Principle." There’s nothing like reading for...
USDJPY Analysis. USDJPY broke below 76.40 previous low and reached as low as 76.29. The pair is now forming a cycle bottom on 4-hour chart, consolidation of downtrend from 81.47 is needed in a couple of days,...
USDJPY Analysis. Being supported by 76.40 previous low, USDJPY rebounded from 76.72. The pair is now facing the resistance of the downtrend line on 4-hour chart, as long as the trend line resistance holds, another fall to...
