By Elliott Wave International Moving averages are a popular tool for technical traders because they can "smooth" price fluctuations in any chart. EWI Senior Analyst Jeffrey Kennedy gives a clear definition:
AUDUSD Analysis. AUDUSD remains in downtrend from 1.0597, the rise from 1.0384 is likely consolidation of the downtrend. Resistance is at 1.0500, as long as this level holds, the downtrend could be expected to resume, and another...
USDCHF Analysis. USDCHF stays below a downward trend line on 4-hour chart, and remains in downtrend from 0.9388 and the fall extends to as low as 0.9222. Further decline is still possible after a minor consolidation and...
By Elliott Wave International The following is a sample from Elliott Wave International’s new 40-page report, The State of the Global Markets — 2013 Edition: The Most Important Investment Report You’ll Read This Year. This article was...
GBPUSD Analysis. GBPUSD’s downward movement from 1.6176 extends to as low as 1.5756. Initial resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be...
EURUSD Analysis. EURUSD stays in a trading range between 1.3256 and 1.3403. As long as 1.3256 support holds, the price action in the range is treated as consolidation of the uptrend from 1.2998 and another rise towards...
USDJPY Analysis. USDJPY breaks below the upward trend line on 4-hour chart, suggesting that a cycle top has been formed at 90.24 on 4-hour chart, and consolidation of the uptrend from 82.11 is underway. Range trading between...
USDCAD Analysis. USDCAD is facing the resistance of the upper line of the price channel on 4-hour chart. As long as the channel resistance holds, the price action from 0.9824 is treated as consolidation of the downtrend...
USDCAD Analysis. USDCAD broke above 0.9885 resistance and reached as high as 0.9946 last Friday, suggesting that lengthier consolidation of the downtrend from 1.0055 is underway. Further rise would likely be seen and the target would be...
By Elliott Wave International The following is a sample from Elliott Wave International’s new 40-page report, The State of the Global Markets – 2013 Edition: The Most Important Investment Report You’ll Read This Year. This article was...
