GBPUSD Analysis. Being supported by the lower border of the price channel on 4-hour chart, GBPUSD rebounded from 1.5503, suggesting that a cycle bottom is being formed. Now the rise from 1.5503 could possibly be resumption of...
USDCAD Analysis. Being contained by the upper boundary of the falling price channel on 4-hour chart, USDCAD pulled back from 1.0349, suggesting that a cycle top is being formed. Further fall towards 1.0215 would more likely be...
USDCHF Analysis. USDCHF stays in a falling price channel on 4-hour chart and remains in downtrend, and the bounce from 0.9932 is more likely consolidation of downtrend. Range trading between 0.9932 and 1.0277 would is expected in...
By Elliott Wave International There are two camps of market analysts out there: the fundamental camp and the technical one. Fundamental analysts look at things like the GDP, unemployment, interest rates, etc. to make logical assumptions about...
By Elliott Wave International Over the past few months, leading grain prices have climbed up the commodity wall like a "mile-a-minute" kudzu vine. From late June to early August, the big three grain markets (wheat, corn, and...
USDCHF Analysis. As expected, USDCHF formed a cycle bottom at 0.9932 level on 4-hour chart and the bounce extended to as high as 1.0170 level. Further rally is still possible later today and target would be at...
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AUDUSD Analysis. After breaking above 0.9404 (2009 high) resistance, AUDUSD pulled back from 0.9457, suggesting minor consolidation of uptrend from 0.8771 is underway. Support is at the lower border of the rising price channel on 4-hour chart,...
AUDUSD Analysis. AUDUSD broke above 0.9404 (2009 high) and reached as high as 0.9457 level. Minor consolidation of uptrend would more likely be seen in a couple of days. Support is at the uptrend line on 4-hour...
AUDUSD Analysis. AUDUSD’s upward movement from 0.8771 extended to as high as 0.9361. Support is at 0.9260, as long as this level holds, uptrend is expected to continue, and next target would be at 0.9400 area. On...
