USDCHF Analysis. After touching the upper border of the rising price channel on 4-hour chart, USDCHF pulled back from 1.0428. However, the fall is treated as consolidation of uptrend from 0.9959. As long as the channel support...
USDCHF Analysis. USDCHF’s uptrend extends further to as high as 1.0428. Now the pair is facing the upper border of the rising price channel on 4-hour chart, a minor consolidation is expected in a couple of days...
USDCHF Analysis. USDCHF stays above the rising trend line on 4-hour chart and remains in uptrend from 0.9959. As long as the trend line support holds, one more rise to 1.0400-1.0450 is expected after a minor consolidation....
GBPUSD Analysis. After breaking below 1.6271 support, GBPUSD formed a trading range between 1.6167 and 1.6371. The price action in the trading range is more likely consolidation of downtrend from 1.6721. As long as 1.6371 resistance holds,...
By Robert Prechter, CMT The following article is adapted from a special report on "Popular Culture and the Stock Market" published by Robert Prechter, founder and CEO of the technical analysis and research firm Elliott Wave International....
USDCHF Analysis. Being contained by 1.0338 key resistance, USDCHF trades in a narrow range above 1.0218, as long as this level holds, one more rise to test 1.0338 resistance is still possible later today, however, lengthier consolidation...
EURUSD Analysis. EURUSD remains in downtrend from 1.5144, and the price action from 1.4668 is more likely consolidation of downtrend. Initial resistance is at 1.4781, as long as this level holds, downtrend will continue and deeper decline...
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AUDUSD Analysis. AUDUSD’s fall from 0.9321 extends to as low as 0.9014. Deeper decline is still in favor and next target is to test 0.8916 previous low support, and rebound would more likely be seen before breaking...
USDCHF Analysis. USDCHF broke above 1.0222 resistance. The subsequent pullback from 1.0244 is more likely minor consolidation of uptrend. Another rise towards 1.0338 key resistance is still possible after consolidation. Support level is now at 1.0135 followed...
