USDJPY Analysis. USDJPY continues its sideways movement in a narrow range between 79.11 and 79.78. As long as 79.11 support holds, the price action in the range is treated as consolidation of the short term uptrend from...
By Elliott Wave International Rising stock prices vs. investor fear: When one is present, the other is usually absent.
AUDUSD Analysis. AUDUSD traded in a range between 0.9820 and 1.0007 for several days. As long as 0.9820 support holds, the price action in the range is treated as consolidation of the uptrend from 0.9581, and further...
By Elliott Wave International EWI Chief Market Analyst Steven Hochberg talks with MarketWrap radio on May 10, 2012, about recent market action and where we are in the long-term trend, among many other topics.
EURUSD Analysis. Being contained by 1.2670 resistance, EURUSD pulls back from 1.2668. Another rise to retest 1.2670 key resistance is still possible, a break above this level could indicate that the downtrend from 1.3283 has completed at...
USDCHF Analysis. USDCHF breaks below 0.9500 key support and reaches as low as 0.9478, suggesting that the uptrend from 0.9043 has completed at 0.9769 already. The pair is now in downtrend, further decline could be expected over...
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By Elliott Wave International Since the start of the European sovereign debt debacle, the word "austerity" has been bandied about a lot. It wasn’t an everyday word, and may send some people to the dictionary. Merriam-Webster defines...
EURUSD Analysis. EURUSD’s bounce from 1.2288 extends to as high as 1.2585. Another rise to test 1.2670 key resistance would likely be seen later today, as long as this level holds, the price action from 1.2288 could...
USDCHF Analysis. USDCHF’s fall from 0.9769 extends to as low as 0.9540. Deeper decline to test 0.9500 support would likely be seen later today, as long as this level holds, the fall is treated as consolidation of...
