By Elliott Wave International Senior Analyst Jeffrey Kennedy is the editor of our Elliott Wave Junctures and one of our most popular instructors. Jeffrey’s primary analytical method is the Elliott Wave Principle, but he also uses several...
GBPUSD Analysis. GBPUSD breaks above 1.6060 resistance, suggesting that the downtrend from 1.6259 has completed. Further rise to test 1.6259 resistance would likely be seen, a break above this level will signal resumption of the uptrend from...
EURUSD Analysis. EURUSD stays below a downward trend line on 4-hour chart, and remains in short term downtrend from 1.3646. Another fall to test 1.3462 support would likely be seen, a breakdown below this level will confirm...
AUDUSD Analysis. AUDUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 0.9280. As long as the trend line support holds, the uptrend could be expected to continue, and next target would...
GBPUSD Analysis. GBPUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.6259. As long as the trend line resistance holds, the downtrend could be expected to resume, and another fall towards...
AUDUSD Analysis. AUDUSD remains in short term uptrend from 0.9280. Further rise to test 0.9526 resistance is still possible, a break above this level will signal resumption of the longer term uptrend from 0.8847 (Aug 5 low),...
So many financial markets; so little time to follow them. The one forecaster I know who will put it all in perspective is EWI’s Robert Prechter. Read his reports and you will get a clear idea of...
GBPUSD Analysis. GBPUSD’s fall from 1.6259 extends to as low as 1.5914. Deeper decline is still possible, and next target would be at 1.5800 area. However, the fall would possibly be consolidation of the uptrend from 1.4813...
GBPUSD Analysis. GBPUSD remains in uptrend from 1.4813 (Jul 9 low), the price action from 1.6162 is likely consolidation of the uptrend. Range trading between 1.5900 and 1.6259 would likely be seen in a couple of days....
EURUSD Analysis. EURUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 1.3105. As long as the channel support holds, the price action from 1.3568 could be treated as consolidation of the...
