Why Economic Forecasts Often Fail
By Elliott Wave International Let’s begin with a paradox: The one constant in our society is dramatic change. This is the main reason why projecting present conditions into the future often fails.
Month: April 2010
Daily Forex Analysis – April 14, 2010
AUDUSD Analysis. Being contained by the lower boundary of the price channel on 4-hour chart, AUDUSD rebounded from 0.9223 level. Range trading between 0.9222 and 0.9381 is expected in a couple of days. Support is at 0.9222,...
Daily Forex Analysis – April 13, 2010
USDCAD Analysis. USDCAD stays in a trading range between 1.9977 and 1.0104. Lengthier sideways movement in the range is still possible later today. However, the price action in the trading range is more likely consolidation of downtrend...
Daily Forex Analysis – April 12, 2010
USDCHF Analysis. After breaking below the lower border of the price channel on 4-hour chart, USDCHF dropped sharply from 1.0785, suggesting that a cycle top had been formed. Now the fall from 1.0785 is treated as resumption...
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How Might Gold, Silver and T-bonds Behave in a Bear Market?
By Editorial Staff Enjoy this excerpt from Elliott Wave International’s free Club EWI resource, Independent Investor eBook (Now With 6 New Chapters!). Please see details on how to read the entire eBook below.
Daily Forex Analysis – April 9, 2010
EURUSD Analysis. Being contained by 1.3267 previous low support, EURUSD rebounds from 1.3282, suggesting that a cycle bottom is being formed on 4-hour chart. Further rise to 1.3450 area would more likely be seen in a couple...
Understanding the Fed — Not Just the Myths About the Fed
By Editorial Staff If you would like to understand more about how the U.S. Federal Reserve works, you can spend some time on its website — or you can get the real story. Elliott Wave International has...
Daily Forex Analysis – April 8, 2010
USDJPY Analysis. USDJPY dropped sharply from 94.68 and the fall extends to as low as 93.15, suggesting that a cycle top has been formed on 4-hour chart. Range trading between 93.00 and 94.68 would more likely be...
Daily Forex Analysis – April 7, 2010
USDCHF Analysis. USDCHF’s bounce from 1.0434 extends further to as high as 1.0721 level. Further rally to test 1.0750 resistance is still possible later today. Pullback would more likely be seen before breaking above this level. Support...