AUDUSD Analysis. AUDUSD stays in a trading range between 1.0149 and 1.0274, as long as the trend line resistance holds, the price action in the range is treated as consolidation of the downtrend from 1.0624, another fall...
AUDUSD Analysis. AUDUSD moves sideways in a range between 1.0149 and 1.0274. Key resistance remains at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the price action in the range...
AUDUSD Analysis. AUDUSD remains in downtrend from 1.0624, the price action from 1.0181 is treated as consolidation of the downtrend. Range trading between 1.0149 and 1.0280 would likely be seen in a couple of days. Key resistance...
GBPUSD Analysis. GBPUSD failed to break above the resistance of the downward trend line on 4-hour chart, and pulled back from 1.6216 last Friday, suggesting that a cycle top has been formed on 4-hour chart. However, the...
By Elliott Wave International Several signs suggest economic contraction instead of expansion. The first was recent front-page news: 8.1% August jobless rate. The number would have been higher, but it excludes people who gave up the job...
AUDUSD Analysis. Being contained by 1.0167 support, AUDUSD rebounds from 1.0181, suggesting that a cycle bottom is being formed on 4-hour chart. Range trading between 1.0181 and 1.0300 would likely be seen over the next several days....
USDCAD Analysis. USDCAD’s upward movement from 0.9632 extends to as high as 0.9884. Support is now located at the lower line of the price channel on 4-hour chart, as long as the channel support holds, the uptrend...
USDCAD Analysis. USDCAD stays in a trading range between 0.9780 and 0.9859. Key support is at 0.9780, as long as this level holds, the price action in the range is treated as consolidation of the uptrend from...
By Elliott Wave International Adversity often visits people just as their future seems brightest. At the same time, other people learn that when one of life’s doors closes, a window will open.
USDCAD Analysis. USDCAD moves sideways in a range between 0.9780 and 0.9859. Support is at 0.9780, as long as this level holds, the price action in the range is treated as consolidation of the uptrend from 0.9632,...
