By Elliott Wave International Every Friday, the editor of EWI’s forex-focused Currency Specialty Service, Jim Martens, records a video update for his subscribers. Each video delivers a real-life lesson on Elliott wave application to forex markets.
AUDUSD Analysis. AUDUSD remains in uptrend from 1.0236, the fall from 1.0480 could be treated as consolidation of the uptrend. Support is at the upward trend line on 4-hour chart, as long as the trend line support...
AUDUSD Analysis. AUDUSD remains in uptrend from 1.0236, the fall from 1.0480 is likely consolidation of the uptrend. Key support is at the upward trend line on 4-hour chart, as long as the trend line support holds,...
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GBPUSD Analysis. GBPUSD moves sideways in a range between 1.5913 and 1.6178. Another fall to test 1.5913 support would likely be seen, a breakdown below this level will signal resumption of the downtrend from 1.6309, then deeper...
USDJPY Analysis. USDJPY stays in a upward price channel on 4-hour chart, and remains in uptrend from 77.43, the fall from 80.67 is likely consolidation of the uptrend. Support is at the lower line of the price...
USDJPY Analysis. USDJPY broke above 80.37 resistance and reached as high as 80.67 last Friday, suggesting that the uptrend from 77.43 has resumed. Further rise could be expected and next target would be at 81.00 area. Initial...
By Elliott Wave International Moving averages are one of the most widely-used methods of technical analysis because they are simple to use, and they work. Among Elliott wave traders, you will likely find an especially high percentage...
By Elliott Wave International Next time you look at a clear night sky, keep in mind that what you see is the distant past.
USDJPY Analysis. USDJPY is facing 80.37 previous high resistance, a break above this level will indicate that the uptrend from 77.43 has resumed, then further rise towards 82.00 could be expected. Support remains at the lower line...
