By Elliott Wave International If "fundamentals" drive trend changes in financial markets, then shouldn’t the same factors have consistent effects on prices? For example: Positive economic data should ignite a rally, while negative news should initiate decline....
USDCHF Analysis. USDCHF trades in a range between 1.0394 and 1.0675. Another rise towards 1.0675 resistance is expected later today. As long as this level holds, the price action in the range is treated as consolidation of...
USDJPY Analysis. USDJPY’s bounce from 86.26 extends to as high as 87.71. Further rally to 88.00-88.50 area to reach the next cycle top on 4-hour chart is still possible. Resistance is at the upper boundary of the...
Mainstream financial analysts always look for ways to explain market action through news stories and events. Conventional wisdom states that news and inter-market correlations cause market booms and busts, but such explanations rely on selective presentation of...
EURUSD Analysis. After touching the lower boundary of the rising price channel on 4-hour chart, EURUSD bounce from 1.2732. Now the rise from 1.2732 could possibly be resumption of uptrend from 1.2150. Another rise to 1.3200 area...
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USDCAD Analysis. USDCAD is forming a triangle pattern on daily chart. Resistance is at the upper boundary of the pattern, now at 1.0605, a clear break above this level will indicate that the uptrend form 0.9930 has...
EURUSD Analysis. EURUSD broke below 1.2871 key support, suggesting that a cycle top has been formed at 1.3028 level on 4-hour chart. Consolidation of uptrend from 1.2150 is expected in a couple of days. Support is at...
If inflation is a quiet thief, then deflation is an armed burglar. You wouldn’t invite either into your home, yet chances are that one of the two is stealing your money right now.
USDCAD Analysis. USDCAD trades in a narrow range between 1.0498 and 1.0581. The price action in the range is more likely consolidation of uptrend from 1.0276. One more rise towards 1.0676 key resistance is still possible later...
