USDJPY Analysis. USDJPY stays within a upward price channel on 4-hour chart, and remains in uptrend from 97.63. Support is located at the lower line of the channel, as long as the channel support holds, the uptrend...
USDCHF Analysis. USDCHF continues its downward movement from 0.9249, and the fall extends to as low as 0.9040. Key resistance is at the downward trend line on 4-hour chart, as long as the trend line resistance holds,...
By Elliott Wave International Janet Yellen just moved closer to her place in history when the Senate Banking Committee approved her nomination to lead the Federal Reserve. The full Senate is expected to confirm. If so, she...
GBPUSD Analysis. GBPUSD stays within a upward price channel on 4-hour chart, and remains in the short term uptrend from 1.5854, the fall from 1.6240 could be treated as consolidation of the uptrend. Support is located at...
GBPUSD Analysis. Being contained by 1.6259 resistance, GBPUSD pulls back from 1.6240. Support is now located at the lower line of the price channel on 4-hour chart, as long as the channel support holds, the uptrend from...
USDJPY Analysis. USDJPY’s upward movement from 96.94 extends to as high as 101.80. Support level is now at 100.95, as long as this level holds, the uptrend could be expected to continue, and next target would be...
By Elliott Wave International The moving average is a technical indicator which has stood the test of time. It’s been 27 years since Robert Prechter described this vital tool in his famous essay, "What a Trader Really...
USDCAD Analysis. USDCAD breaks above 1.0525 resistance, suggesting that the uptrend from 1.0182 (Sep 19 low) has resumed. Support is now at 1.0470, as long as this level holds, the uptrend could be expected to continue, and...
USDCAD Analysis. USDCAD stays in a trading range between 1.0397 and 1.0525. The price action in the range is likely consolidation of the uptrend from 1.0182 (Sep 19 low). Key support is located at the lower line...
Sometimes understanding the most basic elements of a chart can improve your trading success. That’s why Elliott Wave International (EWI) created a new eBook, Learn to Identify High Probability Trading Opportunities Using Price Bars and Chart Patterns,...
