USDJPY Analysis. USDJPY breaks below 97.80 support, suggesting that the upward movement from 96.94 had completed at 99.41 already. Further decline to test the support of the lower line of the price channel on 4-hour chart would...
EURUSD Analysis. EURUSD remains in downtrend from 1.3832, the rise from 1.3443 is likely consolidation of the downtrend. Resistance is at 1.3590, as long as this level holds, the downtrend could be expected to resume, and one...
GBPUSD Analysis. GBPUSD fails to break below 1.5894 and rebounds from 1.5903, suggesting that lengthier sideways movement in the trading range between 1.5894 and 1.6259 is underway. Another rise to re-test 1.6259 resistance would likely be seen,...
GBPUSD Analysis. GBPUSD is testing 1.5894 support, as long as this level holds, the price action from 1.6259 could be treated as consolidation of the uptrend from 1.4813 (Jul 9 low), and one more rise to 1.6500...
GBPUSD Analysis. GBPUSD is facing 1.5894 support, a breakdown below this level will indicate that the uptrend from 1.4813 (Jul 9 low) had completed at 1.6259 already, then the following downward movement could bring price to 1.4500...
By Elliott Wave International In this trading lesson, Elliott Wave International’s Jeffrey Kennedy shows you how you can use Fibonacci to forecast potential turning points in your charts. You’ll learn the most common Fibonacci retracements and where...
EURUSD Analysis. EURUSD’s downward movement from 1.3832 extends to as low as 1.3539. Deeper decline to test 1.3462 support is possible, as long as this level holds, the fall could be treated as consolidation of the longer...
AUDUSD Analysis. AUDUSD remains in downtrend from 0.9756, and the fall extends to as low as 0.9441. Resistance is at 0.9565, as long as this level holds, the downtrend could be expected to continue, and next target...
GBPUSD Analysis. GBPUSD stays in a trading range between 1.5894 and 1.6259. As long as 1.5894 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.4813 (Jul 9 low),...
Ever heard of a wedding crasher? You know — that distant “cousin” who shows up uninvited, hangs around the open bar all night, chugs down double-everythings and falls on his butt on the dance floor — all...
