GBPUSD Analysis. GBPUSD might be forming a cycle top at 1.4609 level on 4-hour chart and the fall from 1.4609 could possibly be resumption of downtrend from 1.5522 (Apr 15 high). Another fall to test 1.4230 would...
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EURUSD Analysis. Being supported by 1.2144 previous low, EURUSD bounced from 1.2153, taking price back to a trading range between1.2144 and 1.2671. Lengthier sideways consolidation in the range is expected in next several days. As long as...
By Elliott Wave International The famous "10% correction" that market pundits talk about sounds so nice and tidy, so predictable and tolerable. It’s as if this "cute little correction" came neatly wrapped, looked like an M&M candy...
USDCHF Analysis. USDCHF remains in uptrend from 1.0501 (Feb 14 low), and the fall from 1.1695 is treated as consolidation of uptrend. Range trading between 1.1424 and 1.1695 would more likely be seen in a couple of...
Robert Prechter discussed the recent global sell-off that has sent all major U.S. averages 10% below their 2010 highs with Yahoo! Finance Tech Ticker host Aaron Task on May 20, 2010. Prechter says that the current climate...
EURUSD Analysis. Being contained by 1.2144 support, EURUSD rebounded from 1.2178. Range trading between 1.2144 and 1.2671 is expected in a couple of days. As long as 1.2671 resistance holds, the price action in the trading range...
USDCHF Analysis. USDCHF continues its upward movement from 1.0923 and the rise extends to as high as 1.1620 level. As long as the trend line support holds, further rally is still possible and next target would be...
USDCAD Analysis. After breaking above 1.0735 previous high, USDCAD pulled back from 1.0749, suggesting that a cycle top is being formed on 4-hour chart. Sideways movement would more likely be seen in a couple of days. Support...
By Elliott Wave International As the world’s leading stock markets continue to play stomach-hockey with investors via one triple-digit turn after another, the mainstream community takes solace in this core belief: No matter how uncertain things become,...
