GBPUSD Analysis. Being contained by 1.6400 previous high resistance, GBPUSD pulled back from 1.6363, suggesting that a cycle top is being formed on 4-hour chart. Range trading between 1.6200 and 1.6363 would likely be seen in a...
USDCHF Analysis. USDCHF stays in a rising price channel on 4-hour chart, and remains in uptrend from 0.8922, the fall from 0.9339 could be treated as consolidation of uptrend. As long as the lower border of the...
USDCHF Analysis. USDCHF’s upward move from 0.8922 extended to as high as 0.9339. Support is at the rising trend line on 4-hour chart, as long as the trend line support holds, uptrend could be expected to continue...
By Elliott Wave International Earnings season is upon us, so it’s a good time to delve into how earnings affect stock prices. Here’s an excerpt from Bob Prechter’s February 2010 Elliott Wave Theorist. It considers the conventional...
By Elliott Wave International Okay. There can be only two reasons why you are reading this article right now: You thought "Elliott wave" was a surfing term for a wicked breaker, dude. — OR — You’re tired...
USDCAD Analysis. USDCAD’s fall from 0.9973 extended to as low as 0.9683. The pair is now facing 0.9667 support, a break below this level will indicate that the longer term downtrend from 1.0672 (Aug 31, 2010 high)...
