EURUSD Analysis. Being contained by 1.3171 previous high resistance, EURUSD pulled back from 1.3138. However, the fall is likely minor consolidation of the uptrend from 1.2825, another rise to test 1.3171 resistance could be expected after consolidation,...
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GBPUSD Analysis. GBPUSD breaks above the downward trend line resistance, suggesting that the downward movement from 1.6309 has completed at 1.5976 already. Further rise could be expected after a minor consolidation, and next target would be at...
GBPUSD Analysis. GBPUSD is facing the resistance of the downward trend line on 4-hour chart, a clear break above the trend will indicate that the downtrend from 1.6309 has completed at 1.5976 already, then further rise towards...
By Elliott Wave International On Monday Oct. 8 I sat down with Elliott Wave International’s senior analyst Jeffrey Kennedy to discuss his favorite wave pattern of all: the Elliott wave diagonal.
EURUSD Analysis. EURUSD continues its sideways movement in a range between 1.2803 and 1.3071. Support is at 1.2803, as long as this level holds, the price action from 1.3171 is treated as consolidation of the uptrend from...
EURUSD Analysis. EURUSD stays in a trading range between 1.2803 and 1.3071. Another rise to test 1.3071 resistance would likely be seen, a break above this level will signal resumption of the longer term uptrend from 1.2042,...
By Elliott Wave International If you’re a passenger aboard a ship in deep water, you can’t detect a tsunami; the swells are indistinguishable from regular ocean waves. Wave lengths can be hundreds of miles long, but only...
By Elliott Wave International If you’ve studied the financial markets, even for a short time, you’ve probably heard the term "Fibonacci numbers." The ratios and relationships derived from this mathematical sequence are applied to the markets to...
AUDUSD Analysis. AUDUSD breaks above 1.0274 resistance, and is now facing the downward trend line resistance. As long as the trend line resistance holds, the downtrend from 1.0624 could be expected to resume, and another fall to...
