USDCHF Analysis. USDCHF breaks above 1.1389 key resistance and has formed a short term cycle bottom at 1.1240 on 4-hour chart. Range trading between 1.1240 and 1.1450 could be seen in a couple of days. However, the...
EURUSD Analysis. EURUSD formed a short term cycle bottom at 1.3112 level on 4-hour chart. Further rise to 1.3600-1.3700 area to reach the next cycle top is possible in a couple of days. As the next cycle...
In case you hadn’t noticed: Over the past year of financial turmoil, the “safe haven” premium of precious metals has offered about as much support as a rubber ducky in a tsunami. Despite a string of powerful...
USDCHF Analysis. USDCHF’s bearish movement from 1.1548 extends further to as low as 1.1301 level. Deeper decline is still in favor and the next target is to test 1.1159 previous low support. Key resistance is now at...
USDCAD Analysis. USDCAD remains in short term uptrend from 1.2191, and the price action in the trading range between 1.2501 and 1.2714 is treated as consolidation of the uptrend. As long as 1.2501 support holds, we’d expect...
GBPUSD Analysis. As expected, GBPUSD breaks above the falling trend line resistance and has formed a short term cycle bottom at 1.4110 on 4-hour chart. Further rise to 1.4600 level is expected in a couple of days....
EURUSD Analysis. EURUSD remains in short term downtrend, and the fall from 1.3738 has extended to as low as 1.3112 level. Deeper decline to 1.3050 zone to reach the next short term cycle bottom is still possible...
USDJPY Analysis. USDJPY might be forming a short term cycle top at 98.86 level on 4-hour chart. Key support is now at 96.99, a break below this level will indicate that the cycle top has been formed...
GBPUSD Analysis. GBPUSD has formed a short term cycle top at 1.4779 level on 4-hour chart. Further fall to test 1.4394 support is possible later today, a break below this level will signal deeper decline to 1.4350...
The following is excerpted from Robert Prechter’s Independent Investor eBook. The 75-page eBook is a compilation of some of the New York Times bestselling author’s writings that challenge conventional financial market assumptions. Visit Elliott Wave International to...
