GBPUSD Analysis. GBPUSD rebounded strongly from 1.5755, suggesting that a cycle bottom is being formed on 4-hour chart. Now the rise from 1.5755 is more likely resumption of uptrend from 1.5296, further rise towards 1.6017 is possible...
By Elliott Wave International Over the weekend, I went shopping for Halloween decorations. In the store, one of the clerks was wearing a white T-shirt with a puff-paint rendering of the Dow Jones Industrial Average. The line...
GBPUSD Analysis. GBPUSD broke below the lower border of the price channel on 4-hour chart, suggesting that a cycle top has been formed at 1.6017 level. Deeper decline to test 1.5669 key support could be seen, a...
GBPUSD Analysis. GBPUSD stays in a rising price channel and remains in uptrend from 1.5296. The price action from 1.6017 is more likely consolidation of uptrend. As long as the channel support (now at 1.5850) holds, we’d...
USDCAD Analysis. USDCAD has formed a cycle top at 1.0232 level on 4-hour chart. Range trading between 1.0062 and 1.0232 would more likely be seen in a couple of days. Support is at 1.0062, a breakdown below...
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Our friends at Elliott Wave International, the world’s largest market forecasting firm, have just updated their free report, How to Use Bar Patterns to Spot Trade Setups. With thousands of downloads, “Bar Patterns” has always been a...
EURUSD Analysis. EURUSD continues its bullish movement from 1.2643 and reached as high as 1.4029, and the subsequent pullback is treated as consolidation of uptrend. Support remains at the rising uptrend line on 4-hour chart, now at...
GBPUSD Analysis. GBPUSD stays in a rising price channel and remains in uptrend from 1.5296. Further rise to test 1.5997 (Aug 6 high) resistance would more likely be seen. Support is at the lower border of the...
AUDUSD Analysis. AUDUSD remains in uptrend from 0.8771 and the price action from 0.9749 is more likely consolidation of uptrend. Support is now at 0.9541, as long as this level holds, uptrend is expected to continue and...
