Daily Forex Analysis – December 6, 2012
EURUSD Analysis. EURUSD may be forming a cycle top at 1.3125 on 4-hour chart. Range trading between 1.3000 and 1.3125 would likely be seen in a couple of days. Support is now located at the lower line...
Daily Forex Analysis – December 5, 2012
AUDUSD Analysis. AUDUSD breaks above the upper line of the price channel on 4-hour chart, suggesting that the fall from 1.0488 has completed at 1.0392 already. The pair is now facing 1.0488 resistance, a break above this...
Daily Forex Analysis – December 4, 2012
AUDUSD Analysis. AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 1.0488. Initial resistance is now at the upper line of the channel, as long as the channel resistance holds, the...
Daily Forex Analysis – December 3, 2012
GBPUSD Analysis. GBPUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.5827, and the rise extends to as high as 1.6062. As long as the trend line support holds, the price...
(Video) Alcoa and Aluminum: Latest Price Action Suggests 2 Major Opportunities
By Elliott Wave International The editor of Elliott Wave International’s Metals Specialty Service, Mike Drakulich, has just recorded a new, free video forecast:
In 1929, Deflation Started in Europe Before Overtaking the U.S.
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...
Daily Forex Analysis – November 30, 2012
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...
Daily Forex Analysis – November 29, 2012
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...
USD/JPY: Lemons into Lemonade
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...
Daily Forex Analysis – November 28, 2012
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,...