Your Cheatin’ Chart Will Tell On You
By Elliott Wave International "Your cheating chart will tell on you." Hank Williams may not have known about Elliott waves, but he did know when a story doesn’t add up. Such is the case with the nominal...
Month: March 2010
Daily Forex Analysis – March 31, 2010
EURUSD Analysis. EURUSD might be forming a cycle top at 1.3537 level on 4-hour chart. The fall from 1.3537 could possibly be resumption of downtrend from 1.3817, another fall towards 1.3000 is possible in next several days....
Fibonacci Techniques for Math Geeks — and Everyone Else, Too
By Editorial Staff The word Fibonacci (pronounced fib-oh-notch-ee) can draw either blank stares or an enthusiastic response. There’s hardly any in-between ground. But for those who ask how an esoteric mathematical relationship can apply to price charts...
Daily Forex Analysis – March 30, 2010
AUDUSD Analysis. AUDUSD broke above the downtrend line on 4-hour chart, suggesting that a cycle bottom has been formed at 0.9001, and the fall from 0.9250 has completed. Now the bounce from 0.9001 is treated as resumption...
Daily Forex Analysis – March 29, 2010
GBPUSD Analysis. Being contained by 1.4784 previous low support, GBPUSD bounced from 1.4798. suggesting range trading between 1.4784 and 1.5001 is underway. However, the price action in the trading range is more likely consolidation of downtrend from...
Elliott Wave International’s Understanding the Fed eBook is now available
Our friends at Elliott Wave International have just released a free 34-page eBook, Understanding the Fed. It’s the free report the Federal Reserve doesn’t want you to read! This eye-opening free report, which represents more than 10...
Daily Forex Analysis – March 26, 2010
USDJPY Analysis. USDJPY continues its upward movement from 89.76. One more rise towards 93.75 January high is still possible later today, however, minor consolidation would more likely be seen before breaking above this level. Support is now...
The Stock Market Is Patterned — Here’s Proof
By Editorial Staff This is an excerpt from Elliott Wave International’s free Club EWI resource, "What Can a Fractal Teach Me About the Stock Market?" by EWI’s president Robert Prechter.
Daily Forex Analysis – March 25, 2010
GBPUSD Analysis. GBPUSD continues its downward movement from 1.5382 and the fall extended to as low as 1.4852 level. Deeper decline to test 1.4784 previous low support is expected later today. A breakdown below this level will...
Bob Prechter Reveals the Most Dangerous Gold & Silver Myths
By Nico Isaac Right now, the gold BULL-ion bandwagon is more crowded than a New York subway train during rush hour. But before you squeeze your way into the crowd of passengers, you should know one thing:...