ForexInflux
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“This is Going to Shock People!”: Avi Gilburt and Bob Prechter Chat
By Elliott Wave International “It’s going to make 2008 look like child’s play,” says ElliottWave Trader’s Avi Gilburt when discussing the precarious balance sheets of U.S. banks with Elliott Wave International’s Robert Prechter. In the just-released webinar “A Fireside Market Chat with Robert Prechter & Avi Gilburt,” Gilburt shares the story of his year-and-a-half study…
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EUR/USD: Navigating Resistance and Support Levels
The EUR/USD currency pair is currently navigating a critical phase as it faces resistance at the top of a falling price channel on the 4-hour chart. Let’s break down what this means for traders and investors in the coming days. At present, the bounce back from the 1.0496 level can be interpreted as a consolidation…
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Deflation in China: Impossible to Ignore
By Elliott Wave International Deflation’s grip on the world’s second largest economy is getting tighter. As Bloomberg noted on Sept. 9: China’s Deflationary Spiral Is Now Entering Dangerous New Stage The demand for goods has been weakening. Wages are stagnant. And, in addition to declining property prices, corporate profits are down. Inventories at Chinese manufacturers…
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EUR/USD Downtrend Continues with New Lows
EUR/USD has extended its downside move from 1.0936 to as low as 1.0550. The key resistance is now at 1.0653. As long as this level holds, the downside move could be expected to continue, with the next target around the 1.0530 area. Below this level, the next aim would be the 1.0450 area. The initial…
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EUR/USD Market Update: Downward Trends and Key Levels to Watch
The EUR/USD currency pair has recently broken below the crucial support level of 1.0682, marking a significant downward shift from its earlier position at 1.0936. This decline has seen the pair reach a low of 1.0628, and there’s a strong possibility that further dips could occur in the coming days. As we look ahead, the…
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EUR/USD Analysis: Current Levels and Key Resistance Support
The EUR/USD currency pair has recently encountered some challenges in its attempt to push past resistance at 1.0831. Currently, it appears to be testing the support level around 1.0682, which previously acted as a low for the pair. If EUR/USD breaks below this critical 1.0682 support, it could signal a resumption of the recent downward…
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Don’t Count on Fed to Rescue Economy: Here’s Why
By Elliott Wave International The Fed’s September lowering of the fed funds rate was greeted with widespread celebration on Wall Street. Yet, history shows that such moves by the Fed don’t always translate into a glowing economy. Elliott Wave International’s October Financial Forecast provides perspective: The August 2 issue forecast the Federal Reserve’s “approaching rate cut,” saying…
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EUR/USD Update: Key Levels to Watch
The EUR/USD currency pair has recently seen a notable decline, dropping from a high of 1.0936 to a low of 1.0682. After hitting this low, the pair experienced a bounce back, climbing to 1.0824. However, it’s currently facing resistance at the 1.0831 level. If the price manages to break through this resistance, we could see…
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EUR/USD Update: Recent Movements and What to Expect Next
The EUR/USD currency pair has been on an interesting journey lately. After climbing from a low of 1.0761 to a peak of 1.0936, the pair has experienced a notable pullback. This decline has taken the price down to 1.0821, breaking through the key support level at 1.0831. This movement suggests that the recent bullish trend…
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EUR/USD Update: Bullish Momentum Continues
The EUR/USD currency pair has been on an upward trajectory lately, climbing from a low of 1.0761 to a peak of 1.0914. This bullish movement indicates that there may still be potential for further gains in the coming days. Looking ahead, the next target for this upward trend appears to be around the 1.0930 mark,…
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EUR/USD: Bullish Momentum Continues as Support Holds Strong
The EUR/USD currency pair has been on a notable upward trajectory, climbing from a low of 1.0761 to a peak of 1.0905. This impressive movement has traders and analysts closely monitoring the market for further developments. Currently, the key support level to watch is positioned at 1.0831. As long as this support remains intact, we…
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EUR/USD Analysis: Key Resistance and Support Levels to Watch
The EUR/USD currency pair is currently encountering resistance at the 1.0870 level. Traders should keep a close eye on this point, as a breakout above it could pave the way for further gains, potentially pushing the price up to the next resistance level around 1.0930. On the flip side, initial support can be found at…