By Elliott Wave International "The Dow rose nearly 1 percent Thursday… Investors were encouraged by a report that the United States trade deficit had narrowed, one positive point in a recent string of weak economic data." (June...
By Elliott Wave International Bank failures still dominate headlines as the number of failing banks continues at an alarming pace in 2011. The odds are that you’ve seen at least one bank failure in your community since...
USDJPY Analysis. Being contained by 79.58 support, USDJPY rebounded from 79.69, suggesting that a cycle bottom is being formed on 4-hour chart. Further rally would likely be seen later today, and target would be at the upper...
AUDUSD Analysis. Being contained by the resistance of the upper border of the price channel on 4-hour chart, AUDUSD pulled back from 1.0773. The pair is now facing 1.0587 key support, a breakdown below this level will...
By Elliott Wave International Many traders and investors use technical indicators to support their analysis. One of the most popular and reliable also happens to be an indicator that has been around for years and years —...
EURUSD Analysis. EURUSD stays above the rising trend line on 4-hour chart, and remains in uptrend from 1.3969. Key support is now at 1.4557, as long as this level holds, uptrend could be expected to continue, and...
AUDUSD Analysis. AUDUSD is testing the resistance of the upper border of the price channel on 4-hour chart, a clear break above the channel resistance will indicate that lengthier consolidation of downtrend from 1.1011 is underway, then...
AUDUSD Analysis. AUDUSD has reached the upper border of the price channel on 4-hour chart. Pullback would likely be seen later today. Support is at 1.0587, a breakdown below this level will indicate that the downtrend from...
EURUSD Analysis. EURUSD stays in a rising price channel on 4-hour chart, and remains in uptrend from 1.3969. As long as the channel support holds, uptrend could be expected to continue and next target would be at...
Elliott Wave International (EWI) has just released a free 10-page trading eBook: How You Can Find High-Probability Trading Opportunities Using Moving Averages, by Senior Analyst Jeffrey Kennedy.
