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...
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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...
GBPUSD Analysis. Being supported by the previous low at 1.4350, GBPUSD forms a sideways consolidation in a range between 1.4469 and 1.4706. Further fall is still possible after consolidation. A break down below 1.4469 will indicate that...
USDCAD Analysis. USDCAD rebounds further to as high as1.2339 level. Moving higher to retest 1.2394 previous high resistance is still in favor. A break above this level will signal further rally towards 1.2700 zone. Initial support is...
USDCAD Analysis. USDCAD breaks above 1.2070 resistance, further rally could be seen to retest 1.2394 previous high resistance. If this level gives way, the next target would be at 1.2700 zone. Near term support is at 1.2035,...
GBPUSD Analysis. GBPUSD consolidates in a narrow range between 1.4983 and 1.5372. As long as 1.4983 level holds, we’d expect uptrend to resume, and further rally could be expected to retest 1.5722 previous high resistance. However, a...
USDCHF Analysis. USDCHF formed a short term cycle top at 1.1277 level on 4-hour chart. Deeper decline is still possible to retest 1.0366 previous low support. Initial resistance is located at 1.1082 followed by 1.1277, only rise...
EURUSD Analysis. EURUSD breaks above 1.3658 key resistance, suggesting that a short term cycle bottom has been formed at 1.3313 on 4-hour chart. However, the rise from 1.3313 is treated as consolidation of downtrend, one more fall...
