Daily Forex Analysis – September 13, 2012
AUDUSD Analysis. AUDUSD remains in uptrend from 1.0167, and the rise extends to as high as 1.0505. Support is now located at the lower line of the price channel on 4-hour chart, as long as the channel...
Month: September 2012
Big Advantages of Trading with the Wave Principle
By Elliott Wave International What advantages does the Wave Principle offer to traders? Here’s one of the big advantages of using the Wave Principle when trading: you can increase your understanding of how current price action relates...
Learn How an Objective Method Can Improve Your Trading
One of the most difficult aspects of trading is emotional control — the ability to keep yourself from sabotaging your trading plan. Unfortunately, there is so much information available to you that your decision-making can be easily...
Daily Forex Analysis – September 12, 2012
EURUSD Analysis. EURUSD continues its upward movement from 1.2241 and reaches as high as 1.2871. Further rise could be expected after a minor consolidation, and next target would be at 1.3000. Initial support is at 1.2750, and...
Daily Forex Analysis – September 11, 2012
GBPUSD Analysis. GBPUSD remains in uptrend from 1.5490, the fall from 1.6033 is likely consolidation of the uptrend. Range trading between 1.5930 and 1.6033 is possible in a couple of days. Key support is at the upward...
Daily Forex Analysis – September 10, 2012
GBPUSD Analysis. GBPUSD continues its upward movement from 1.5490, and the rise extends to as high as 1.6033. Further rise could be expected after a minor consolidation, and next target would be at 1.6100 area. Key support...
When an Over-Ripe Market is Ready to Spoil
By Elliott Wave International Anyone who enjoys eating fruit knows there’s a fine line between ripe and over-ripe. If it sits in the fruit bowl too long, over-ripe turns rotten. As experienced investors know, the stock market...
Daily Forex Analysis – September 7, 2012
USDCHF Analysis. USDCHF stays in a trading range between 0.9503 and 0.9634, the price action in the range is treated as consolidation of the downtrend from 0.9809. Another fall could be expected after consolidation, and next target...
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Daily Forex Analysis – September 6, 2012
AUDUSD Analysis. AUDUSD’s downward movement from 1.0543 extends to as low as 1.0167. Resistance is now at the upper border of the price channel on 4-hour chart, as long as the trend line resistance holds, another fall...