GBPUSD Analysis. GBPUSD’s bounce from 1.5751 extended to 1.5989 only, the subsequent fall suggests that lengthier sideways consolidation in a trading range between 1.5751 and 1.6058 is underway. However, as long as 1.5751 support holds, uptrend could...
By Elliott Wave International Since its creation in 1913, the primary intended role of the U.S. Federal Reserve Bank has been that of protector. In theory, the central bank was bestowed with the power to shape monetary...
USDCHF Analysis. USDCHF remains in downtrend from 0.9783, the bounce from 0.9390 is treated as minor consolidation of downtrend. Range trading between 0.9390 and 0.9550 would likely be seen in a couple of days. As long as...
USDCAD Analysis. USDCAD continues its sideways movement in a range between 0.9836 and 1.0033. As long as 1.0033 key resistance holds, the price action in the range is treated as consolidation of downtrend, and another fall towards...
AUDUSD Analysis. AUDUSD moved sideways in a trading range between 0.9803 and 1.0076. Lengthier consolidation in the range is expected in a couple of days. Key support is at 0.9803, a breakdown below this level will indicate...
AUDUSD Analysis. AUDUSD stays in a trading range between 0.9803 and 1.0076. The price action in the trading range is more likely consolidation of downtrend from 1.0255. As long as 1.0076 resistance holds, downtrend could be expected...
AUDUSD Analysis. Being supported by 0.9803, AUDUSD rebounded from 0.9832, however, another fall to re-test 0.9803 support is still possible later today, a breakdown below this level could trigger deeper decline to 0.9600 area. Resistance is at...
By Elliott Wave International The big picture for Elliott wave analysis is five-wave patterns followed by three-wave patterns. Let’s look at the three-wave corrections more closely to get a bead on how they differ from one another....
EURUSD Analysis. EURUSD remains in uptrend from 1.2874, the pullback from 1.3537 is treated as consolidation of uptrend. Deeper decline to 1.3300-1.3350 area to reach next cycle bottom on 4-hour chart is possible later today. Key support...
By Elliott Wave International The following trading lesson has been adapted from Jeffrey Kennedy’s eBook, Trading the Line – 5 Ways You Can Use Trendlines to Improve Your Trading Decisions. Now through February 7, you can download...
