USDCAD Analysis. USDCAD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.0055. As long as the trend line resistance holds, the downtrend could be expected to continue, and further decline to...
AUDUSD Analysis. AUDUSD is facing 1.0480 resistance, a break above this level will confirm that the uptrend from 1.0149 (Oct 8 low) has resumed, then further rise towards 1.0550 could be seen. Support is at the upward...
USDCAD Analysis. Being contained by the support of the the lower line of the price channel on 4-hour chart, USDCAD rebounds from 0.9952, suggesting that a cycle bottom is being formed. Resistance is at 0.9995, a break...
By Elliott Wave International (Here are Part 1 and Part 2 of this article.) Think of Investing as a Trip Here’s my advice: View the Elliott wave Principle as your road map to the market and your...
AUDUSD Analysis. AUDUSD is in uptrend from 1.0287, the fall from 1.0423 is likely correction of the uptrend. Another rise could be expected after correction, and the target would be at 1.0550 area. Key support is at...
Today, more and more independent investors and traders are looking at charts and using technical indicators to make their decisions. They have come to realize that chasing news events, earnings announcements and economic reports might work sometimes,...
By Elliott Wave International If you’ve ever considered a major medical procedure, you likely know the importance of a second opinion. Even if your doctor or specialist is experienced and strongly recommends a certain course of action,...
USDCAD Analysis. USDCAD is facing the support of the lower line of the price channel on 4-hour chart, a clear break below the channel support will suggest that the trend from 0.9632 (Sep 14 low) has completed...
USDCAD Analysis. USDCAD breaks below 0.9980 support, suggesting that a cycle top has been formed at 1.0055 on 4-hour chart. Further decline would likely be seen, and next target would be at the lower line of the...
AUDUSD Analysis. AUDUSD bounces from 1.0287, suggesting that consolidation of the downtrend from 1.0480 is underway. Key resistance is located at the upper line of the price channel on 4-hour chart, as long as the trend line...
