USDCAD Analysis. USDCAD broke below the rising price channel on 4-hour chart and formed a short term cycle top at 1.0691 level. Now the price action from 1.0691 is treated as consolidation of uptrend. As long as...
USDCAD Analysis. USDCAD breaks below the lower border of the rising price channel on 4-hour chart, suggesting that a short term cycle top is being formed at 1.0691. Range trading between 1.0550 and 1.0691 would more likely...
By Elliott Wave International Like a spy who gets a burn notice, Federal Reserve Chairman Ben Bernanke has suddenly lost his support. Bernanke has gone from being Time magazine’s Man of the Year in 2009 to …...
EURUSD Analysis. Being contained by the falling trend line on 4-hour chart, EURUSD drops from 1.4194 level. However, sideways movement could still be seen later today and one more bounce towards1.4250 resistance is still possible. Initial support...
AUDUSD Analysis. AUDUSD break above the falling price channel on 4-hour chart, suggesting that a short term cycle bottom is being formed at 0.8982 and the fall from 0.9327 has completed. Bounce to 0.9160 area to reach...
USDCHF Analysis. USDCHF failed to break above 1.0507 previous high resistance and pulled back from 1.0495. A short term cycle top had been formed on 4-hour chart. Sideways movement between 1.0350 and 1.0507 would more likely be...
USDCHF Analysis. Being contained by 1.0507 previous high resistance, USDCHF pulled back from 1.0495, suggesting that a short term cycle top is being formed on 4-hour chart. Sideways movement above the rising trend line is expected in...
GBPUSD Analysis. GBPUSD formed a short term cycle top at 1.6456 level on 4-hour chart. Range trading between 1.6210 and 1.6456 is expected later today. As long as 1.6210 key support holds, the price action from 1.6456...
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USDCAD Analysis. USDCAD breaks above the falling trend line from 1.0745 to 1.0413, suggesting lengthier consolidation of downtrend is underway. Bounce to test 1.0413 resistance is now in favor. As long as this level holds, we’d expect...
