USDCAD Analysis. USDCAD breaks above the falling price channel on 4-hour chart, suggesting that lengthier consolidation of downtrend is underway. Further rally towards 1.0232 key resistance is expected in a couple of days. As long as 1.0232...
In the video below, EWI senior analyst and trading instructor Jeffrey Kennedy shows how the Wave Principle can help you identify a high-probability trade set up regardless of the direction of the larger trend. This timeless educational...
USDCHF Analysis. USDCHF’s downward move extended to as low as 0.9463. Minor consolidation would more likely be seen in a couple of days. Resistance is at the upper boundary of the falling price channel on 4-hour chart,...
GBPUSD Analysis. GBPUSD rebounded strongly from 1.5755, suggesting that a cycle bottom is being formed on 4-hour chart. Now the rise from 1.5755 is more likely resumption of uptrend from 1.5296, further rise towards 1.6017 is possible...
By Elliott Wave International Over the weekend, I went shopping for Halloween decorations. In the store, one of the clerks was wearing a white T-shirt with a puff-paint rendering of the Dow Jones Industrial Average. The line...
GBPUSD Analysis. GBPUSD broke below the lower border of the price channel on 4-hour chart, suggesting that a cycle top has been formed at 1.6017 level. Deeper decline to test 1.5669 key support could be seen, a...
GBPUSD Analysis. GBPUSD stays in a rising price channel and remains in uptrend from 1.5296. The price action from 1.6017 is more likely consolidation of uptrend. As long as the channel support (now at 1.5850) holds, we’d...
USDCAD Analysis. USDCAD has formed a cycle top at 1.0232 level on 4-hour chart. Range trading between 1.0062 and 1.0232 would more likely be seen in a couple of days. Support is at 1.0062, a breakdown below...
By Elliott Wave International Every trader or active investor at times wishes they could pick the brain of a pro that has "pulled the trigger" on real-money trades before. EWI Director of Analysis Wayne Stough is one...
Our friends at Elliott Wave International, the world’s largest market forecasting firm, have just updated their free report, How to Use Bar Patterns to Spot Trade Setups. With thousands of downloads, “Bar Patterns” has always been a...
