By Editorial Staff Government debt is no longer just a problem for emerging countries. Portugal, Spain, France and Greece (as we have seen in recent weeks) are living in fear of credit default. Consequently, the value of...
GBPUSD Analysis. GBPUSD breaks below 1.5350 support and the fall from 1.5815 extends to as low as 1.5190 level. Deeper decline is still possible after a minor consolidation and next target would be at 1.5000 area. Resistance...
USDCAD Analysis. USDCAD might be forming a short term cycle top at 1.0593 level on 4-hour chart. Pullback to 1.0450 is expected later today. Resistance is now at 1.0593, above this level will suggesting that the fall...
"There is no group more subjective than conventional analysts." — Robert Prechter. By Vadim Pokhlebkin Elliott wavers sometimes hear the criticism that patterns in market charts can be "open to interpretation." For example, what looks like a...
EURUSD Analysis. Being contained by the upper border of the falling price channel, EURUSD pulls back from 1.3691, suggesting that a short term cycle top is being formed on 4-hour chart. Another fall towards 1.3400 is expected,...
By Editorial Staff Investor expectations are decidely bullish right now, and many people expect an economic turnaround this year. What do the underlying economic conditions suggest? The Chinese mall "The Place" demonstrates the contrast between investor hope...
EURUSD Analysis. EURUSD had formed a short term cycle bottom at 1.3443 level on 4-hour chart. Another bounce to test 1.3838 key resistance is expected later today. As long as this level holds, the price action from...
USDCHF Analysis. USDCHF dropped sharply from 1.0898 last week, suggesting that a short term cycle top had been formed on 4-hour chart. Range trading between 1.0608 and 1.0898 is expected in a couple of days. However, the...
By Editorial Staff Over 100 banks are opening soon, buying junk bonds is gaining popularity and emerging markets are the trendy investment. Sound familiar? Europe appears to be returning to some bad investment habits. The following is...
The Wave Principle identifies trend, countertrend, maturity of a trend — and more. By Editorial Staff The following article is an excerpt from Elliott Wave International’s Trader’s Classroom Collection. Every trader, every analyst and every technician has...
