USDCHF Analysis. USDCHF broke below the price channel on 4-hour chart, and is now facing the support of 0.8917, as long as this level holds, the fall from 0.9314 is treated as consolidation of uptrend from 0.7711,...
USDCHF Analysis. Being supported by the lower border of the price channel on 4-hour chart, USDCHF rebounded from 0.9002, suggesting that a cycle bottom is being formed. Further rally would likely be seen later today, and a...
AUDUSD Analysis. AUDUSD’s upward move from 0.9390 extended to as high as 1.0014. Support is now at 0.9850 followed by 0.9800, as long as these levels hold, uptrend could be expected to continue, and next target would...
EURUSD Analysis. Being contained by the resistance of the downtrend line on 4-hour chart, EURUSD pulled back from 1.3524, suggesting that a cycle top is being formed. Now the fall from 1.3524 would possibly be resumption of...
By Elliott Wave International The Fibonacci ratio can be an invaluable tool for calculating price retracements and projections in your analysis and trading. This excerpt from The Best Technical Indicators for Successful Trading explains the origins of...
USDJPY Analysis. USDJPY broke below the uptrend line on 4-hour chart, suggesting that a cycle top has been formed at 77.25, and the rise from 76.09 has completed. Deeper decline to re-test 75.85 key support is expected,...
Robert Prechter’s Elliott Wave International (EWI) has just released a free 14-page trading eBook: Trading the Line – 5 Ways You Can Use Trendlines to Improve Your Trading Decisions, by Senior Analyst Jeffrey Kennedy.
USDJPY Analysis. USDJPY is facing the support of the uptrend line on 4-hour chart, as long as the trend line support holds, the fall from 77.25 is treated as consolidation of uptrend, one more rise towards 77.85...
GBPUSD Analysis. Being contained by 1.5327 support, GBPUSD rebounded from 1.5341, suggesting that a cycle bottom is being formed on 4-hour chart. Further rally would likely be seen in a couple of days, and target would be...
GBPUSD Analysis. GBPUSD formed a cycle top at 1.5715 on 4-hour chart. Deeper decline towards 1.5327 previous low would likely be seen later today, as long as this level holds, the price action from 1.5327 is treated...
