Mainstream financial analysts always look for ways to explain market action through news stories and events. Conventional wisdom states that news and inter-market correlations cause market booms and busts, but such explanations rely on selective presentation of...
EURUSD Analysis. EURUSD may be forming a cycle bottom at 1.3074 level on 4-hour chart. Range trading between 1.3074 and 1.3333 is expected in a couple of days. Support is at 1.3074, as long as this level...
AUDUSD Analysis. AUDUSD breaks below the trend line from 0.8632 to 0.8905, suggesting that a cycle top is being formed at 0.9221 level on 4-hour chart. Range trading between 0.9070 and 0.9221 is expected in a couple...
EURUSD Analysis. After a minor consolidation, EURUSD continues its upward movement from 1.2732 and the rise extended to as high as 1.3333 level. Support is at the lower border of the price channel on 4-hour chart, now...
EURUSD Analysis. Being supported by the lower border of the rising price channel on 4-hour chart, EURUSD rebounded from 1.3119. Range trading between 1.3119 and 1.3261 would more likely be seen later today. Key support is now...
USDCHF Analysis. USDCHF broke above 1.0475 resistance, suggesting that a cycle bottom had been formed at 1.0347 level on 4-hour chart. Further rally is still possible later today and target is to test 1.0675 key resistance. As...
By Elliott Wave International Stress test results for the biggest European banks were recently released, while the largest U.S. banks took their first stress tests in May 2009. But most people don’t really care how much stress...
USDCHF Analysis. USDCHF traded in a narrow range between 1.0347 and 1.0475. As long as 1.0475 resistance holds, the price action in the trading range is treated as consolidation of downtrend from 1.0639, and another fall towards...
EURUSD Analysis. EURUSD runs in a price channel on 4-hour chart. Support is now at the lower border of the channel, now at 1.3045, as long as the channel support holds, uptrend from 1.2732 is expected to...
GBPUSD Analysis. GBPUSD continues its upward movement from 1.5124 and the rise extends to as high as 1.5726 level. Key support is at 1.5551, as long as this level holds, further rise to 1.5800-1.5900 to reach next...
