USDCAD Analysis. USDCAD’s fall from 0.9973 extended to as low as 0.9749. Deeper decline towards 0.9667 previous low is still possible in a couple of days, a breakdown below this level will indicate that the long term...
GBPUSD Analysis. GBPUSD’s bounce from 1.5977 extended to as high as 1.6253 level. Further rise is still possible later today, and next target would be at 1.6300 area. Key resistance is at 1.6343, above this level will...
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USDJPY Analysis. USDJPY bounce strongly to as high as 81.84. Further rise is still possible, and next target would be at 82.50 area. Initial support is at 80.90, only break below this level could indicate that a...
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GBPUSD Analysis. GBPUSD is facing 1.5962 key support again, a breakdown below this level will indicate that the longer term uptrend from 1.5344 (Dec 28, 2010 low) had completed at 1.6343 already, then the following downward movement...
Announcement: Elliott Wave International has released a free issue of Robert Prechter’s Elliott Wave Theorist. It includes more of Robert Prechter’s experience than you’ll ever read in a single issue — all 30-plus years of it. What...
GBPUSD Analysis. GBPUSD consolidated in a range between 1.5962 and 1.6343 for several weeks. As long as 1.5962 key support holds, we’d expect uptrend to resume, and another rise towards 1.7000 is still possible. However, a breakdown...
USDCHF Analysis. USDCHF stays in a trading range between 0.9201 and 0.9368 for several days. Deeper decline to test 0.9201 key support could be expected later today, a break below this level will indicate that the downtrend...
GBPUSD Analysis. Being contained by 1.5962 support, GBPUSD rebounded from 1.5977, suggesting that a cycle bottom is being formed on 4-hour chart. Further rise would likely be seen later today, and next target would be at 1.6150...
