By Elliott Wave International There’s a little known joke among the trading community that goes like this: "A trader walks into a bar… pattern: ‘Ouch!’ " Fact is, if you don’t know what you’re doing, price bar...
GBPUSD Analysis. GBPUSD moves sideways in a range between 1.5719 and 1.5894. The price action in the trading range is treated as consolidation of uptrend from 1.5296. Support is at the lower border of the rising price...
GBPUSD Analysis. GBPUSD stays in a rising price channel on 4-hour chart and remains in uptrend from 1.5296. As long as the channel support (now at 1.5660) holds, uptrend is expected to continue and another rise towards...
USDCAD Analysis. USDCAD formed a sideways consolidation in a range between 1.0191 and 1.0378. Bounce towards 1.0378 key resistance would more likely be seen, a break above this level will confirm that the downtrend from 1.0672 has...
AUDUSD Analysis. After consolidation, AUDUSD continues its upward movement from 0.8771 and reaches as high as 0.9622 level. Further rise is still possible in a couple of days and next target would be at 0.9700-0.9750 area. Key...
(Note: This interview was originally recorded on September 20, 2010) In the video below, Robert Prechter talks to Yahoo! Finance Tech Ticker host Aaron Task and Henry Blodget about extreme readings in various indicators that confirm his...
By Elliott Wave International As the biggest credit bubble in history continues to shrink, consumer prices have stayed flat over the past several months, meaning there is no sign of inflation to come, despite growing commitments from...
AUDUSD Analysis. AUDUSD broke below the lower border of the rising price channel on 4-hour chart, suggesting that consolidation of uptrend is underway. Sideways movement in a range between 0.9430 and 0.9599 would more likely be seen....
New Deflation eBook Available Now: Our friends at Elliott Wave International have just released a complimentary 90-page ebook on deflation from Robert Prechter. As deflation fears are back in the news and most likely also on your...
USDCAD Analysis. USDCAD broke below 1.0215 support and reached 1.0191 only, the subsequent bounce had bring price above 1.0349 key resistance, suggesting that a cycle bottom had been formed on 4-hour chart, and the fall from 1.0672...
