EURUSD Analysis. EURUSD continues its sideways movement in a range between 1.3157 and 1.3308. Key support remains at the lower line of the price channel on 4-hour chart, as long as the channel support holds, the price...
By Elliott Wave International On December 27, EUR/USD shot up as high as $1.3283. Forex news headlines were quick to comment:
EURUSD Analysis. EURUSD stays in a trading range between 1.3157 and 1.3308. Another fall towards the lower line of the price channel on 4-hour chart would likely be seen. As long as the channel support holds, the...
USDCAD Analysis. USDCAD stays above a upward trend line on 4-hour chart, and remains in uptrend from 0.9824. Support is at the uptrend line, as long as the trend line support holds, the fall from 0.9953 is...
GBPUSD Analysis. GBPUSD breaks below the upward trend line on 4-hour chart, suggesting that a cycle top has been formed at 1.6306 on 4-hour chart. Further decline is still possible and the first target would be at...
Our friends at Elliott Wave International have just released a new free report, 5 Hidden Market Opportunities for 2013. It gives you a new U.S. dollar forecast for 2013 — a forecast that would astonish most mainstream...
By Elliott Wave International "Price gaps, wave relationships and Fibonacci retracements act as support or resistance for countertrend price moves. When combined, these characteristics help identify high-probability reversal zones." -Jeffrey Kennedy
By Elliott Wave International The federal government defines the Producer Price Index (PPI) as "the average change over time in the selling prices received by domestic producers for their output."
USDCAD Analysis. USDCAD breaks above the upper line of the price channel on 4-hour chart, suggesting that lengthier consolidation of the downtrend from 1.0055 is underway. Range trading between 0.9824 and 0.9920 would likely be seen in...
USDCAD Analysis. USDCAD remains in downtrend from 1.0055, the price action from 0.9824 is likely consolidation of the downtrend. Resistance is at the upper line of the price channel on 4-hour chart, as long as the channel...
