By Elliott Wave International In the late ’70s, Peter Brandt emptied his trading accounts several times. He’d lose a string of trades, then refund his account, then "wipe out" all over again. But he persisted because he...
EURUSD Analysis. EURUSD breaks below the lower line of the price channel on 4-hour chart, suggesting that lengthier consolidation in the range between 1.2465 and 1.2589 is underway. Key support is at 1.2465, as long as this...
EURUSD Analysis. EURUSD trades in a range between 1.2465 and 1.2589. The price action in the range is likely consolidation of the uptrend from 1.2241. Initial support is at the lower line of the price channel on...
EURUSD Analysis. EURUSD fails to break below the lower line of the price channel on 4-hour chart, and rebounds from 1.2465, suggesting that a cycle bottom is being formed. Initial resistance is at 1.2589, a break above...
EURUSD Analysis. EURUSD has formed a cycle top at 1.2589 on 4-hour chart. Deeper decline would likely be seen, and the target would be at the lower line of the price channel. As long as the the...
GBPUSD Analysis. GBPUSD’s fall from 1.5911 extends to as low as 1.5797, suggesting that a cycle top has been formed on 4-hour chart. Deeper decline to test the support of the upward trend line would likely be...
By Elliott Wave International History books call the period after the War of 1812 "The Era of Good Feelings." America was a young nation that had a sense of purpose. National political strife was at a minimum;...
AUDUSD Analysis. AUDUSD is facing 1.0410 support again, a breakdown below this level will indicate that the downtrend from 1.0612 has resumed, then another fall to 1.0300 area could be seen. However, as long as 1.0410 support...
AUDUSD Analysis. AUDUSD fails to break below 1.0410 support, and rebounds to as high as 1.0543, suggesting that a cycle bottom has been formed on 4-hour chart. Further rise to test 1.0612 previous high resistance could be...
USDCAD Analysis. Being contained by 0.9799 (Apr 27 low) support, USDCAD rebounds from 0.9842, suggesting that a cycle bottom has been formed on 4-hour chart. Further rally could be expected over the next several days, and the...
