GBPUSD Analysis. GBPUSD has reached the lower boundary of the rising price channel on 4-hour chart. As long as the channel support holds, the fall from 1.5240 is treated as consolidation of uptrend from 1.4346, and another...
By Elliott Wave International Ralph Nelson Elliott discovered the Wave Principle in the 1930s. Over the decades, his discovery was kept alive by a handful of individuals. A few of those, such as Bolton, Prechter and Frost,...
GBPUSD Analysis. GBPUSD formed a sideways consolidation in a narrow range between 1.5080 and 1.5240 for several days. Lengthier sideways movement is still possible later today. Near term support is at the lower boundary of the price...
Robert Prechter joins host Maria Bartiromo on CNBC’s Closing Bell to talk about his bearish forecast for stocks and offer investment advice. FREE Report: 20 Questions with Robert Prechter Noted financial commentator Jim Puplava asks Robert Prechter...
EURUSD Analysis. EURUSD’s uptrend from 1.2150 extends further to as high as 1.2667 level. As long as 1.2480 key support holds, uptrend is expected to continue and next target would be at 1.2750-1.2800 area. On the other...
By Elliott Wave International The following article is an excerpt from Elliott Wave International’s free report, 20 Questions With Deflationist Robert Prechter. It has been adapted from Prechter’s June 19 appearance on Jim Puplava’s Financial Sense Newshour.
EURUSD Analysis. EURUSD’s rise from 1.2150 extends further to as high as 1.2662. Now the pair is facing the upper boundary of the price channel on 4-hour chart, consolidation of uptrend would more likely be seen in...
USDCHF Analysis. USDCHF might be forming a cycle bottom at 1.0578 level on 4-hour chart. Key resistance is at the upper border of the falling price channel, now at 1.0685, a clear break above the channel resistance...
USDCAD Analysis. USDCAD consolidates below 1.0678 resistance. Range trading between 1.0540 and 1.0678 would more likely be seen in a couple of days. Support is at the lower boundary of the rising price channel on 4-hour chart,...
By Elliott Wave International The following article is an excerpt from Elliott Wave International’s free report, 20 Questions With Deflationist Robert Prechter. It has been adapted from Prechter’s June 19 appearance on Jim Puplava’s Financial Sense Newshour.
