By Elliott Wave International The following series is excerpted from two classic issues of Robert Prechter’s Elliott Wave Theorist. Although originally published in 2004, the valuable series has been re-released in the Independent Investor eBook, along with...
USDCHF Analysis. USDCHF is facing the support of the lower line of the price channel on 4-hour chart, a clear break below the channel support will suggest that the uptrend from 0.8569 has completed at 0.9546 already,...
AUDUSD Analysis. AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 1.0378. As long as the channel resistance holds, downtrend could be expected to resume, and another fall towards 0.9663 is...
USDCHF Analysis. USDCHF formed a cycle top at 0.9546 on 4-hour chart. Deeper decline would likely be seen and target would be at the lower border of the price channel. However, the fall from 0.9546 is treated...
By Elliott Wave International Understand the basics of the subject matter, break it down to its smallest parts — and you’ve laid a good foundation for proper application of… well, anything, really. That’s what we had in...
USDCAD Analysis. USDCAD is facing the support of the upward trend line on 4-hour chart, a clear break below the trend line could indicate that a cycle top has been formed at 1.0422 on 4-hour chart, and...
By Elliott Wave International Did European Union leaders make the sovereign debt crisis "go away" last week?
AUDUSD Analysis. AUDUSD continued its downward movement from 1.0378, and the fall extended to as low as 0.9883. Further decline could be seen in a couple of days, and next target would be at 0.9800 area. Resistance...
AUDUSD Analysis. AUDUSD remains in downtrend from 1.0378, and the fall has extended to as low as 0.9979. Further decline could be seen after a minor consolidation and next target would be at 0.9800 area. Resistance is...
USDCHF Analysis. USDCHF broke above 0.9329 resistance, suggesting that the uptrend from 0.8569 has resumed. Further rise could be expected over the next several days, and target would be at 1.0000 area. Support is now at the...
