By Elliott Wave International (Part 1 of this article is posted here.) A Quick Road Map of Wave Analysis For this overview of wave analysis, I have borrowed from the "Cliffs Notes" version that we provide for...
EURUSD Analysis. EURUSD’s bounce from 1.2661 extends to as high as 1.2801, and is now facing the resistance of the upper line of the downward price channel on 4-hour chart. As long as the channel resistance holds,...
By Elliott Wave International Some of the best stories about global positioning systems (GPS’s) are the weird detours they sometimes recommend to drivers. Just like some of the weird detours that financial markets can make you take...
GBPUSD Analysis. GBPUSD continues its downward movement from 1.6174, and the fall extends to as low as 1.5836. Resistance remains at the downward trend line on 4-hour chart, as long as the trend line resistance holds, downtrend...
AUDUSD Analysis. AUDUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 1.0236, and the price action from 1.0480 is treated as consolidation of the uptrend. Support is located at the lower...
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USDJPY Analysis. USDJPY remains in the short term downtrend from 80.67, the rise from 79.07 would possibly be consolidation of the downtrend. Another fall could be expected after consolidation, and the target would be at 78.80 area....
AUDUSD Analysis. AUDUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.0236. Key support is at the trend line, as long as the trend line support holds, the fall from 1.0480...
By Elliott Wave International After years of campaigning and billions of dollars spent, the U.S. Congress is virtually no different than before Election Day: a Republican-controlled House, a Democratic majority in the Senate and the same occupant...
By Elliott Wave International When Conquer the Crash published in 2002, its message of a coming economic earthquake was the total opposite of mainstream opinions (see for yourself — download 8 free chapters of the contrarian classic...
