By Elliott Wave International You’re not supposed to compare apples to oranges, but I do compare apples to apples: I prefer the classically mellow taste of Red Delicious to the grassy and tart Granny Smith.
By Elliott Wave International Financial markets always have and always will pose two basic questions that investors seek to answer: What’s the direction of the main trend? How far will it go?
EURUSD Analysis. EURUSD breaks above the resistance of the upper line of the price channel on 4-hour chart, suggesting that a cycle bottom has been formed at 1.2042, and the fall from 1.2747 (Jun 18 high) has...
EURUSD Analysis. EURUSD may be forming a cycle bottom at 1.2042 on 4-hour chart, further rise to test the resistance of the upper line of the downward price channel on 4-hour chart would likely be seen. As...
AUDUSD Analysis. AUDUSD has reached the lower line of the price channel on 4-hour chart, rebound could be expected later today. Resistance is now at 1.0280, a break above this level will indicate that a cycle bottom...
"Successful market timing depends upon learning the patterns of crowd behavior. By anticipating the crowd, you can avoid becoming a part of it."
USDCAD Analysis. USDCAD remains in downtrend from 1.0445, the rise from 1.0065 is treated as consolidation of the downtrend. Further rise to test 1.0249 key resistance is possible, as long as this level holds, we’d expect downtrend...
AUDUSD Analysis. After touching the upper border of the price channel on 4-hour chart, AUDUSD pulled back from 1.0443, suggesting that a cycle top had been formed. Further decline would likely be seen over the next several...
By Elliott Wave International Picture this. It’s late May. You’re in Australia. You have an interest in the currency markets: Maybe you speculate in forex; maybe your business depends on the exchange rates. Every morning, you scan...
By Elliott Wave International About once a week, the editor of EWI’s forex-focused Currency Specialty Service Jim Martens records a video for his subscribers.
