By Elliott Wave International More than 1,500 years after the fact, scholars still debate the causes of the Roman Empire’s fall. What historians do agree on is that the crumbling empire’s final days were marked by economic...
USDCAD Analysis. USDCAD moves sideways in a narrow range between 0.9905 and 0.9960. The price action in the range is likely consolidation of the downtrend from 1.0055. Resistance is located at the upper line of the price...
USDCAD Analysis. USDCAD remains in downtrend from 1.0055, the bounce from 0.9905 is likely consolidation of the downtrend. Resistance is located at the upper line of the price channel on 4-hour chart, as long as the channel...
By Elliott Wave International Elliott wave analysis is not a crystal ball. (No market-forecasting method is.) But here’s what is remarkable: Even when your Elliott wave forecast doesn’t pan out, you have built-in safeguards to alert you...
USDCAD Analysis. USDCAD breaks above the downward trend line on 4-hour chart, suggesting that consolidation of the downtrend from 1.0055 is underway. Range trading between 0.9905 and 1.0000 would likely be seen. Key resistance is at 1.0000,...
USDCAD Analysis. USDCAD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.0055. As long as the trend line resistance holds, the downtrend could be expected to continue, and further decline to...
AUDUSD Analysis. AUDUSD is facing 1.0480 resistance, a break above this level will confirm that the uptrend from 1.0149 (Oct 8 low) has resumed, then further rise towards 1.0550 could be seen. Support is at the upward...
USDCAD Analysis. Being contained by the support of the the lower line of the price channel on 4-hour chart, USDCAD rebounds from 0.9952, suggesting that a cycle bottom is being formed. Resistance is at 0.9995, a break...
By Elliott Wave International (Here are Part 1 and Part 2 of this article.) Think of Investing as a Trip Here’s my advice: View the Elliott wave Principle as your road map to the market and your...
AUDUSD Analysis. AUDUSD is in uptrend from 1.0287, the fall from 1.0423 is likely correction of the uptrend. Another rise could be expected after correction, and the target would be at 1.0550 area. Key support is at...
