GBPUSD Analysis. GBPUSD breaks below 1.5600 support, suggesting that a cycle top has been formed at 1.5776 on 4-hour chart. Now the pair is facing the support of the upward trend line on 4-hour chart, as long...
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EURUSD Analysis. EURUSD fails to break above 1.2747 resistance. Range trading between 1.2500 and 1.2747 would likely be seen in a couple of days. As long as 1.2500 support holds, the price action from 1.2747 is treated...
By Elliott Wave International There were few "fundamental" reasons to be bullish on U.S. stocks on Friday morning (June 15).
EURUSD Analysis. EURUSD remains in uptrend from 1.2288, the price action from 1.2747 is treated as consolidation of the uptrend. Key support is at 1.2500, as long as this level holds, another rise to 1.2800-1.2900 area is...
EURUSD Analysis. EURUSD breaks below the upward trend line on 4-hour chart, suggesting that lengthier consolidation of the uptrend from 1.2288 is underway. Support is at 1.2500, as long as this level holds, the uptrend could be...
USDCHF Analysis. USDCHF breaks below 0.9478 support and reaches as low as 0.9421. Further decline could be expected after a minor consolidation, and next target would be at 0.9300 area. Initial resistance is at the downward trend...
By Elliott Wave International Here’s what Elliott wave analysis is all about: You study charts to find non-overlapping 5-wave moves (trend-defining) from overlapping 3-wave ones (corrective, countertrend).
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USDJPY Analysis. USDJPY stays in a narrow range between 79.11 and 79.78. Initial support is located at 79.11, as long as this level holds, the sideways movement is treated as consolidation of the short term uptrend from...
