GBPUSD Analysis. GBPUSD remains in downtrend from 1.4661 and the rise from 1.3654 is treated as correction of the downtrend. Near term resistance is located at 1.4100, as long as this level holds, we’d expect downtrend to...
Elliott Wave International, the world’s largest market forecasting firm, receives thousands of questions every year from web site visitors and subscribers on their free Message Board. Here the company shares 6 of the recent critical questions on...
USDCHF Analysis. USDCHF is in downtrend from 1.1848, and the price action from 1.1484 is treated as consolidation of the downtrend. Deeper decline is still possible in next several days, and next target would be at 1.1300...
USDJPY Analysis. USDJPY continues to move sideways between 96.56 and 99.67. The price action in this range is treated as consolidation of the medium term uptrend from 87.12 (Jan 21 low). As long as 96.56 support holds,...
EURUSD Analysis. EURUSD breaks below 1.2601 key support, suggesting that a short term cycle top has been formed at 1.2754 level on 4-hour chart. Consolidation in a range between 1.2456 and 1.2754 is expected in a couple...
USDCHF Analysis. USDCHF broke below 1.1600 key support last week, suggesting that a short term cycle top has been formed at 1.1848 level on 4-hour chart. Deeper decline to test 1.1459 level is possible later today, below...
Here’s a forecast for you. Clear and direct. As quoted by a Reuters reporter in his January 15, 2009, article, entitled, "Global Lending Thaw May Yet Return to Deep Freeze."
USDJPY Analysis. USDJPY pulls back sharply from 99.67 level. Moving sideways in a range between 96.84 and 99.67 could be seen in next several days. However, the price action from 98.70 is treated as consolidation of the...
USDCAD Analysis. Being contained by the long term key resistance at 1.3015 (Oct 28, 2008 high), USDCAD pulls back from 1.2973, suggesting that a short term cycle top has been formed. Consolidation in a range between 1.2500...
EURUSD Analysis. EURUSD breaks below 1.2512 previous low support, suggesting that the short term downtrend from 1.2898 is underway. Deeper decline is expected to 1.2400 zone in a couple of day. Near term resistance is at the...
