USDJPY Analysis. USDJPY had formed a cycle bottom at 78.46 on 4-hour chart. Range trading between 78.46 and 80.00 would likely be seen in a couple of days. As long as 80.00 resistance holds, downtrend from 81.47...
EURUSD Analysis. EURUSD is now in uptrend from 1.3837, the fall from 1.4281 is treated as consolidation of uptrend. Range trading would likely be seen in a couple of days, and the trading range would be between...
GBPUSD Analysis. GBPUSD broke above 1.6139 key resistance, suggesting that the downtrend from 1.6546 had completed at 1.5781 already. Further rise could be seen in a couple of days, and next target would be at 1.6300 area....
By Elliott Wave International Trading using technical indicators — such as the MACD, for example, Moving Average Convergence-Divergence — can do one of two things: help you or hinder you.
USDCHF Analysis. USDCHF is facing 0.8275 previous low support, a breakdown below this level will indicate that the longer term downtrend from 0.9774 (Feb 11 high) has resumed, then further fall towards 0.8000 could be seen. Initial...
USDCHF Analysis. USDCHF stayed in a trading range between 0.8275 and 0.8550 for several weeks. The price action in the range is treated as consolidation of longer term downtrend from 0.9774 (Feb 11 high). Further fall to...
EURUSD Analysis. EURUSD continues its downward move from 1.4577, and the fall extended to as low as 1.4197. Resistance is at 1.4305 followed by 1.4375, as long as these levels hold, downtrend could be expected to continue,...
Recognizable patterns unfold in the financial markets. Using Elliott waves, you can learn to identify these patterns and use them to anticipate where prices will go next. Get started with a basic understanding of the Wave Principle....
AUDUSD Analysis. AUDUSD is facing 1.0789 resistance, a break above this level will indicate that the uptrend from 1.0390 has resumed, then another rise towards 1.1011 previous high could be seen. However, as long as 1.0789 resistance...
USDJPY Analysis. USDJPY remains in uptrend from 79.69, the price action from 81.26 is treated as consolidation of uptrend. Support is at the uptrend line on 4-hour chart, as long as the trend line support holds, we’d...
