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GBPUSD Analysis. GBPUSD rebounds from 1.6275 and the rise extends to as high as 1.6592 level. Further rally to test 1.6663 previous high resistance is still possible later today. As long as this level holds, we’d expect...
EURUSD Analysis. EURUSD breaks below 1.4086 support, suggesting that the uptrend from 1.3748 (June 16 low) has completed at 1.4447 level already. Deeper decline is now in favor and target would be at 1.3800 zone. Now the...
EURUSD Analysis. EURUSD pulls back from 1.4327 level. Range trading between 1.4086 and 1.4327 is expected in a couple of days. Near term support is at the rising trend line from 1.3832 to 1.4007 now at 1.4147,...
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GBPUSD Analysis. GBPUSD has formed a short term cycle bottom at 1.6391 level on 4-hour chart. Further rise is expected later today and target would be at 1.6750 zone. Near term support is at 1.6391, below this...
EURUSD Analysis. After breaking below the support of the up trend line from 1.3832 to 1.4007, EURUSD rebounds from 1.4086 and breaks above 1.4218 key resistance, suggesting that a short term cycle bottom has been formed at...
USDCHF Analysis. USDCHF breaks below 1.0797 key support, suggesting that a short term cycle top has been formed at 1.0883 level on 4-hour chart. Range trading between 1.0750 and 1.0883 is expected in next several days. However,...
Our friends over at Elliott Wave International (EWI) have just informed us that their 45-page eBook, The Best of Trader’s Classroom, is still available free until August 17. A one-week extension has been granted due to an...
USDCAD Analysis. USDCAD is testing 1.0933 resistance, a break above this level will indicate that the downtrend from 1.1723 has completed at 1.0632 level already. As long as 1.0933 resistance holds, the rise from 1.0632 is treated...
