GBPUSD Analysis. GBPUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.4831, the fall from 1.5411 is treated as consolidation of the uptrend. As long as the trend line support holds,...
If you read commodity news, you’ve probably noticed a trend: Seems like no one likes commodities any more! Here are some recent headlines:
USDCAD Analysis. USDCAD’s upward movement from 1.0083 extends to as high as 1.0293. Further rise to test 1.0341 resistance would likely be seen, a break above this level will indicate that the longer term uptrend from 0.9632...
USDJPY Analysis. USDJPY may be forming a cycle bottom at 95.83 on 4-hour chart. Further rise to test 99.94 previous high resistance would likely be seen, a break above this level will indicate that the uptrend from...
USDCHF Analysis. USDCHF breaks above the downward trend line on 4-hour chart, suggesting that a cycle bottom is being formed at 0.9264 on 4-hour chart, and consolidation of the downtrend from 0.9553 is underway. Further rally would...
USDCHF Analysis. USDCHF remains in downtrend from 0.9553, and the fall extends to as low as 0.9264. Resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the...
By Elliott Wave International "I always will be an Elliottician, but other technical tools have merit and are indeed worthwhile: they allow me to build a case, build a more confident reason for making a forecast and...
USDJPY Analysis. USDJPY’s upward movement from 92.56 extends to as high as 99.94. Further rise is still possible, and next target would be at 101.00 area. Support is at 98.35, as long as this level holds, the...
GBPUSD Analysis. GBPUSD had formed a cycle top at 1.5363 on 4-hour chart. Key support is at the upward trend line, as long as the trend line support holds, the price action from 1.5363 could be treated...
AUDUSD Analysis. AUDUSD breaks above 1.0496 resistance and reaches as high as 1.0508, suggesting that the uptrend from 1.0115 has resumed. Further rise is still possible, and next target would be at 1.0600 area. Support is at...
