GBPUSD Analysis. GBPUSD’s rise from 1.5602 extends to as high as 1.5913. Further rise to test 1.5991 previous high resistance would likely be seen later today, a break above this level will signal resumption of the uptrend...
AUDUSD Analysis. AUDUSD broke above the downward trend line on 4-hour chart, suggesting that lengthier consolidation of the downtrend from 1.0855 is underway. Range trading between 1.0421 and 1.0665 would likely be seen. As long as 1.0665...
USDJPY Analysis. USDJPY stays above a rising trend line on 4-hour chart, and remains in uptrend from 80.58, the fall from 84.17 is treated as consolidation of the uptrend. Support is at the trend line, as long...
GBPUSD Analysis. GBPUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 1.5991, the price action from 1.5602 is treated as consolidation of the downtrend. Another fall would likely be seen after...
USDCAD Analysis. No changed in our view, USDCAD remains in consolidation of the downtrend from 1.0422 (Dec 14, 2011 high). Lengthier sideways movement in the range between 0.9841 and 1.0050 would likely be seen in a couple...
By Elliott Wave International You’ve probably heard talk about "market uncertainty" in the financial news recently. But when are the market trends ever certain? The constant uncertainties contribute to your frustrations as a trader, and you need...
USDCAD Analysis. USDCAD continues its sideways movement in a range between 0.9841 and 1.0050. As long as 1.0050 key resistance holds, the price action in the range is treated as consolidation of the downtrend from 1.0422 (Dec...
USDCAD Analysis. USDCAD stays in a trading range between 0.9841 and 1.0050. Lengthier sideways movement in the range would likely be seen over the next several days. As long as 1.0050 key resistance holds, the price action...
By Elliott Wave International As pundits chatter about an economic recovery, 80 miles east of San Francisco you’ll find a city (pop. 292,000) facing bankruptcy:
By Elliott Wave International When you are watching a pattern develop on a chart, how can you be sure that your wave count is correct? The Elliott Wave Principle offers rules and guidelines that you can use...
