By Susan C. Walker Editor’s Note: The following article discusses Robert Prechter’s view of investment vehicles and government-regulated plans. For more analysis from Robert Prechter, download a free 10-page July issue of Prechter’s Elliott Wave Theorist.
AUDUSD Analysis. Being supported by 0.8238, AUDUSD rebounded from 0.8239 level. Consolidation in a range between 0.8238 and 0.8400 would more likely be seen in a couple of days. As long as 0.8477 level holds, another fall...
USDJPY Analysis. USDJPY stays in the falling price channel on 4-hour chart and remains in short term downtrend from 95.05. Deeper decline is still possible to 92.00 zone. Near term resistance is at the upper border of...
Our friends over at Elliott Wave International have announced they will keep Bob Prechter’s recent 10-page market letter free until September 9. If you missed earlier announcements, now is the time to download it free. In this...
AUDUSD Analysis. Being contained by 0.8477 previous high resistance, AUDUSD pulled back from 0.8470 level. Sideways consolidation in a range between 0.8300 and 0.8470 would more likely be seen before breaking above 0.8477 level and another fall...
GBPUSD Analysis. GBPUSD broke above the upper border of the price channel, suggesting that a short term cycle bottom is being formed at 1.6153 level on 4-hour chart. Range trading between 1.6153 and 1.6500 is expected in...
GBPUSD Analysis. GBPUSD remains in downtrend from 1.6623 and the fall extended to as low as 1.6153 level. The rebound from 1.6153 is treated as consolidation of downtrend. Near term resistance is at the upper border of...
By Robert Folsom Editor’s Note: The following article discusses Robert Prechter’s view of the Efficient Market Hypothesis. For more information, download this free 10-page issue of Prechter’s Elliott Wave Theorist.
EURUSD Analysis. EURUSD has formed a short term cycle top at 1.4375 on 4-hour chart. Deeper decline to test 1.4200 support is possible later today, a break down below this level will suggest that the uptrend from...
AUDUSD Analysis. AUDUSD remains in short term uptrend from 0.8155. Further rise to test 0.8477 previous high resistance is still possible in a couple of days. Downtrend is expected to resume before breaking above this level, and...
