EURUSD Analysis. EURUSD breaks above this resistance of the falling price channel, suggesting that a short term cycle bottom has been form at 1.2764 on 4-hour chart. Consolidation in a range between 1.2764 and 1.3385 is expected...
USDCAD Analysis. USDCAD broke below 1.2316 support and formed a short term cycle top at 1.2765 on 4-hour chart. Deeper decline could be seen to 1.2000 zone after consolidation. Initial resistance is now located at 1.2460, as...
USDCAD Analysis. USDCAD is forming a short term cycle top at 1.2765 on 4-hour chart. Pullback to test 1.2316 support is now in favor. A break below this level will indicate that the uptrend from 1.1761 has...
EURUSD Analysis. EURUSD remains in downtrend. The rebound from 1.2824 is treated as consolidation of the downtrend. Moving sideways in a range between 1.2824 and 1.3150 would more likely be seen in a couple of days. Key...
USDJPY Analysis. USDJPY breaks below 90.07 support, suggesting that the rebound from 88.47 has completed. Pullback to retest 88.47 previous low support is expected in a couple of days. A break down below this level will indicate...
USDCAD Analysis. USDCAD formed a sideways consolidation in a range between 1.2316 and 1.2673. As long as 1.2316 support holds, we’d expect uptrend to resume, and further rally towards 1.2850 zone is still in favor. However, below...
EURUSD Analysis. EURUSD breaks above 1.3336 resistance, suggesting that a short term cycle bottom has been formed at 1.3026 level on 4-hour chart, and the fall from 1.3797 has completed. Consolidation in a range between 1.3026 and...
This video lesson features Elliott Wave International Senior Currency Analyst, Jim Martens, demonstrating how you can use Elliott wave analysis to identify opportunities in your Forex trading. This is just a short excerpt. For a limited time,...
EURUSD Analysis. EURUSD’s downtrend from 1.3797 extends further to as low as 1.3026 level. Deeper decline is still possible in a couple of days, and short term target would be at 1.2900 zone. Key resistance is now...
The following article is excerpted from a recent issue Elliott Wave International’s Financial Forecast. Elliott Wave International (EWI) is offering the full 10-page issue, entitled “The Most Important Investment Report You’ll Read in 2009,” free for a...
