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GBPUSD Analysis. GBPUSD remains in uptrend from 1.5753, the fall from 1.6272 is treated as consolidation of the uptrend. Range trading between 1.6100 and 1.6272 would likely be seen in a couple of days. Support is at...
By Elliott Wave International During market pullbacks, financial advisors use a boilerplate response: "Let’s rebalance the portfolio." Investors have heard that one for years.
USDCHF Analysis. USDCHF breaks above the downward trend line on 4-hour chart, suggesting that lengthier consolidation of the downtrend from 0.9607 is underway. Range trading 0.9239 and 0.9350 would likely be seen in a couple of days....
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USDCHF Analysis. USDCHF is facing the resistance of the downward trend line on 4-hour chart, a clear break above the trend line will indicate that a cycle bottom is being formed at 0.9239, and lengthier consolidation of...
EURUSD Analysis. EURUSD’s upward movement from 1.2501 extends to as high as 1.3171. Support remains at the trend line on 4-hour chart, as long as the trend line support holds, uptrend could be expected to continue, and...
AUDUSD Analysis. AUDUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.0167. Initial support is at the trend line, as long as the trend line support holds, further rise could be...
By Elliott Wave International A lot of people know that R.N. Elliott discovered the Wave Principle. Yet few are aware that Elliott made another observation during his years of studying the stock market.
By Elliott Wave International You’ve heard (and probably used) the phrase, "I’d rather watch the game on television." It’s what a sports fan says if he doesn’t want to face traffic jams, inadequate parking, overpriced tickets, noisy...
