USDCAD Analysis. USDCAD moves sideways in a range between 0.9979 and 1.0093. Now the price action in the trading range is more likely consolidation of downtrend from 1.0372. Another fall to test 0.9979 support is expected later...
USDCAD Analysis. Being contained by 0.9979 support, USDCAD rebounded to as high as 1.0093 level, suggesting that a cycle bottom is being formed on 4-hour chart. Range trading between 0.9979 and 1.0150 would more likely be seen...
USDJPY Analysis. USDJPY moved sideways in a range between 80.30 and 81.98 for several weeks. Lengthier consolidation in the rang is still possible in a couple of days. As long as 81.98 resistance holds, we’d expect downtrend...
By Elliott Wave International Elliott wave analysis can warn you of trend changes when the rest of the investment public least expects a market reversal. With that in mind, we have created a new report for our...
USDCAD Analysis. USDCAD continues its downward move from 1.0372 and the fall extended to as low as 1.0009 level. Resistance is at the downtrend line on 4-hour chart, as long as the trend line resistance holds, downtrend...
USDJPY Analysis. USDJPY moved sideways in a range between 80.30 and 81.98. The price action in the trading range is more likely consolidation of downtrend from 85.92, another fall towards 79.75 (1995 low) is expected. Support is...
By Elliott Wave International How often have you heard analysts refer to a down day on Wall Street as "traders taking profits"? Sounds great, but the sobering fact is that most traders — in futures, commodities, or...
GBPUSD Analysis. Being contained by 1.6105 previous high resistance, GBPUSD pulled back from 1.6088. However, the fall from 1.6088 is more likely minor consolidation of uptrend from 1.5649, one more rise to re-test 1.6105 key resistance is...
EURUSD Analysis. As expected, EURUSD pulled back from the upper border of the triangle pattern on 4-hour chart, suggesting that a cycle top has been formed at 1.4011 level. Deeper decline towards the lower border of the...
USDCHF Analysis. USDCHF has formed a cycle top at 0.9928 level on 4-hour chart. Another fall towards the lower border of the channel is still possible later today, a clear break below the channel support will indicate...
