USDJPY Analysis. After touching the lower line of the price channel on 4-hour chart, USDJPY rebounds from 86.82, suggesting that a cycle bottom is being formed. Further rise could be expected, and next target would be at...
USDJPY Analysis. USDJPY may be forming a cycle top at 88.40 on 4-hour chart. Pullback to the lower line of the price channel would likely be seen. As long as the channel support holds, the fall is...
AUDUSD Analysis. AUDUSD remains in uptrend from 1.0344, the fall from 1.0527 is likely correction of the uptrend. Further rise to test 1.0527 resistance is possible, and a break above this level could signal resumption of the...
By Elliott Wave International Think about one of those movie scenes when the leading man does all he can to defeat the big, bad enemy — punches, kicks, slams, stabs, shoots — but the bad guy just...
By Elliott Wave International First, a word on how we all are conditioned to think that, "momentum will remain constant unless acted on by an outside force." Read this excerpt from Robert Prechter’s May 2004 Elliott Wave...
AUDUSD Analysis. AUDUSD has formed a cycle top at 1.0527 on 4-hour chart. Pullback to 1.0420 area would likely be seen. Key support is at 1.0344, as long as this level holds, the fall could be treated...
EURUSD Analysis. EURUSD remains in uptrend from 1.2661, the fall from 1.3308 is likely consolidation of the uptrend. Deeper decline would likely be seen, and the target would be at 1.3100 area. Key resistance is at 1.3308,...
By Elliott Wave International Are you looking for an easy way to improve your confidence as you analyze the charts you trade? Take a quick look at this chart (adapted from Jeffrey Kennedy’s December 26 Elliott Wave...
EURUSD Analysis. EURUSD continues its sideways movement in a range between 1.3157 and 1.3308. Key support remains at the lower line of the price channel on 4-hour chart, as long as the channel support holds, the price...
By Elliott Wave International On December 27, EUR/USD shot up as high as $1.3283. Forex news headlines were quick to comment:
