GBPUSD Analysis. GBPUSD stays in a trading range between 1.6105 and 1.6302. As long as 1.6302 resistance holds, the price action in the range is treated as consolidation of downtrend from 1.6745, and another fall towards 1.6000...
By Elliott Wave International From the May 4 top near $1.4950, the EUR/USD (the euro-dollar exchange rate and the most actively-traded forex pair) has fallen as low as $1.4050 on May 16.
GBPUSD Analysis. GBPUSD remains in downtrend, the bounce from 1.6105 is treated as consolidation of downtrend. Key resistance is at 1.6301, as long as this level holds, another fall is still possible, and next target would be...
AUDUSD Analysis. AUDUSD might be forming a cycle bottom at 1.0505 on 4-hour chart. Rebound toward the trend line from 1.1011 to 1.0888 would likely be seen in next several days. Support is at 1.0505, only break...
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EURUSD Analysis. EURUSD broke above the price channel resistance, suggesting that a cycle bottom is being formed at 1.4048 on 4-hour chart. Range trading between 1.4048 and 1.4339 could be seen in a couple of days. Key...
USDCHF Analysis. Being contained by the resistance of the upper border of the price channel on 4-hour chart, USDCHF pulled back from 0.8945. Key support is now at 0.8795, a break below this level will indicate that...
USDCHF Analysis. USDCHF ran in a rising price channel on 4-hour chart, and remains in uptrend from 0.8553. Now the pair had reached the upper border of the channel, minor consolidation of uptrend would likely be seen...
By Elliott Wave International Jeffrey Kennedy brings more than 15 years of experience to his position as Elliott Wave International’s Senior Analyst and trading instructor. He knows firsthand how hard it can be to get simple explanations...
USDCHF Analysis. USDCHF remains in short term uptrend from 0.8553, and the rise extended to as high as 0.8904. Further rise is still possible later today, and next target would be at 0.8950 area. Support is now...
