EURUSD Analysis. EURUSD stays above the upward trend line from 1.2042 to 1.2134, and remains in uptrend, the price action from 1.2389 is treated as consolidation of the uptrend. Another rise towards 1.2600 is still possible after...
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USDCHF Analysis. USDCHF remains in downtrend from 0.9971. Another fall could be expected after a minor consolidation, and next target would be at 0.9500 area. Resistance is at 0.9770, followed by the downward trend line on 4-hour...
GBPUSD Analysis. GBPUSD stays in a trading range between 1.5458 and 1.5767. Lengthier consolidation in the range is still possible in a couple of days. Resistance is at 1.5767, a break above this level will target 1.5900...
USDJPY Analysis. USDJPY is in downtrend from 80.62 (Jun 25 high), the sideways movement from 77.94 is treated as consolidation of the downtrend. Key resistance is now at 79.15, as long as this level holds, we’d expect...
By Elliott Wave International Elliott Wave International has long observed that external events do not alter the dominant trend of financial markets — not even major events like wars, natural disasters, terrorist attacks, political assassinations or any...
By Elliott Wave International When you are new to trading with Elliott Waves, it can take some time before each pattern is easy to recognize and understand. But as with new music, the more you listen the...
EURUSD Analysis. EURUSD is in correction of the uptrend from 1.2042. Pullback to 1.2170 area to complete the correction is expected. Resistance is at 1.2389, a break above this level could signal resumption of the uptrend, and...
USDCAD Analysis. USDCAD continues its downward movement from 1.0230, and the fall extends to as low as 1.0003. Further decline could be expected over the next several days, and next target would be at 0.9950 area. Resistance...
AUDUSD Analysis. AUDUSD breaks above 1.0443 previous high resistance, and continues its upward movement from 0.9581 (Jun 1 low). Further rise could be expected over the next several days, and the target would be at the upper...
