USDJPY Analysis. USDJPY remains in downtrend from 85.51. The bounce from 82.18 is likely consolidation of downtrend. Resistance is at the upper border of the price channel on 4-hour chart, as long as the channel resistance holds,...
USDCHF Analysis. USDCHF remains in downtrend from 0.9339, and the fall extended to as low as 0.8895, the price action from 0.8895 is treated as minor consolidation of downtrend. Another fall would likely be seen after consolidation,...
By Elliott Wave International To many novice investors, chart patterns might as well be tea leaves. Can they really tell you anything reliable? And even if they can, how in the world do you know what to...
AUDUSD Analysis. AUDUSD stays in a trading range between 1.0389 and 1.0581. As long as 1.0389 key support holds, the price action in the trading range is treated as consolidation of uptrend from 0.9704, another rise towards...
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AUDUSD Analysis. AUDUSD traded in a narrow range between 1.0389 and 1.0581. The price action in the range is likely consolidation of uptrend from 0.9704. As long as 1.0389 support holds, we’d expect uptrend to resume, and...
USDCHF Analysis. USDCHF’s fall from 0.9339 extended to as low as 0.8942. The pair is now facing 0.8922 previous low support, a breakdown below this level will confirm that the long term downtrend from 1.1730 (Jun 1,...
USDCAD Analysis. USDCAD stays below a downtrend line on 4-hour chart, and remains in downtrend from 0.9826, and the price action from 0.9526 is treated as consolidation of downtrend. As long as the trend line resistance holds,...
AUDUSD Analysis. AUDUSD rose strongly to as high as 1.0581. Support is now at 1.0500, as long as this level holds, uptrend could b expected to continue, and next target would be at 1.0700 zone. However, below...
USDCAD Analysis. USDCAD remains in downtrend from 0.9826, the price action from 0.9568 is treated as consolidation of downtrend. Resistance is at the falling trend line on 4-hour chart, as long as the trend line resistance holds,...
