USDCHF Analysis. USDCHF’s upward movement extended to as high as 0.9707. Support is at 0.9600, as long as this level holds, uptrend is expected to continue and next target would be at 0.9800 area. However, a breakdown...
AUDUSD Analysis. AUDUSD’s fall extended to as low as 0.9944 level. Deeper decline is expected later today and next target would be at 0.9850 area. Initial resistance is at 1.0025, as long as this level holds, downtrend...
By Elliott Wave International We want to trust in the financial stability of our bank. After all, most of us have money in these institutions. In spite of our wishful thinking, the tide of bank failures has...
AUDUSD Analysis. AUDUSD formed a cycle top at 1.0255 level on 4-hour chart, the subsequent pullback had bring price to the lower border of the price channel. Rebound from the bottom line of the channel would likely...
EURUSD Analysis. EURUSD remains in short term uptrend from 1.3055, the fall from 1.3423 is likely consolidation of uptrend. Another rise to test 1.3497 resistance is still possible, a break above this level will indicate that the...
EURUSD Analysis. EURUSD’s bounce from 1.3055 extended to as high as 1.3423. Another rise to test 1.3497 resistance is still possible later today, a break above this level could indicate that the fall from 1.4281 has completed...
By Elliott Wave International Have you ever noticed that much of the time, the forecasts for what’s going to happen next are quite often just more of what happened last? There’s no real insight, just “expect more...
EURUSD Analysis. EURUSD broke above 1.3274 resistance. Now the price action from 1.2969 is more likely a sideways movement. Range trading between 1.2969 and 1.3497 could be seen in next several days. The sideways movement is treated...
By Elliott Wave International "There is no group more subjective than conventional analysts, who look at the same ‘fundamental’ news event a war, interest rates, P/E ratio, GDP, economic policy, the Fed’s monetary policy, you name it...
AUDUSD Analysis. AUDUSD stays above a uptrend line on 4-hour chart and remains in uptrend. As long as the trend line support holds, uptrend is expected to continue and another rise towards 1.0182 resistance is still possible...
