Keep Ahead of the Herd in 2011
By Elliott Wave International Have you ever noticed that much of the time, the forecasts for what’s going to happen next are quite often just more of what happened last? There’s no real insight, just “expect more...
Month: December 2010
Daily Forex Analysis – December 31, 2010
EURUSD Analysis. EURUSD broke above 1.3274 resistance. Now the price action from 1.2969 is more likely a sideways movement. Range trading between 1.2969 and 1.3497 could be seen in next several days. The sideways movement is treated...
What Really Moves the Markets: News? The Fed? The Real Answers Will Surprise You
By Elliott Wave International "There is no group more subjective than conventional analysts, who look at the same ‘fundamental’ news event a war, interest rates, P/E ratio, GDP, economic policy, the Fed’s monetary policy, you name it...
Daily Forex Analysis – December 29, 2010
AUDUSD Analysis. AUDUSD stays above a uptrend line on 4-hour chart and remains in uptrend. As long as the trend line support holds, uptrend is expected to continue and another rise towards 1.0182 resistance is still possible...
Daily Forex Analysis – December 28, 2010
AUDUSD Analysis. AUDUSD’s upward movement from 0.9830 extends further to as high as 1.0079 level. As long as 0.9987 support holds, uptrend is expected to continue and next target would be at 1.0110 area. On the downside,...
Daily Forex Analysis – December 27, 2010
USDCHF Analysis. Being supported by 0.9463 (Oct 14 low), USDCHF rebounded from 0.9497 and broke above the downtrend line on 4-hour chart, suggesting that a cycle bottom is being formed. Further rally towards 0.9733 key resistance is...
Long-Term Bonds: The Best Possible Investment? Think Again
By Elliott Wave International TREASURIES — the very name conveys a thing that is secure, protected, and will appreciate over time. Otherwise, it’d be called something like "TRASHeries" or "Mattress Stuffers." Then, there’s the official seal of...
Parachutes vs. Pillows: Why Diversification Doesn’t Work
By Elliott Wave International A dear friend of mine wants to celebrate an important health milestone by going skydiving with friends. She feels happy and healthy and excited. She wants to do something very thrilling to celebrate.
Daily Forex Analysis – December 23, 2010
USDJPY Analysis. USDJPY’s fall from 84.49 extended further to as low as 83.37. Deeper decline is still possible later today and next target would be at 83.00 area. However, the next cycle bottom nearing, a break above...
Daily Forex Analysis – December 22, 2010
USDJPY Analysis. USDJPY might be forming a cycle bottom at 83.50 level on 4-hour chart. Key resistance is at 84.00, a break above the level could confirm the cycle bottom and indicate that the fall from 84.49...