By Elliott Wave International How many European bankers does it take to change a light bulb? That’s a joke in search of an answer, but EWI’s European analyst Brian Whitmer explained five months ago that the “light...
GBPUSD Analysis. GBPUSD failed to break above 1.5779 resistance, and pulled back from 1.5768 yesterday, suggesting that lengthier sideways movement in a range between 1.5423 and 1.5779 is underway. Deeper decline to 1.5500 area to reach next...
GBPUSD Analysis. GBPUSD broke above the downward price channel on 4-hour chart, suggesting that the fall from 1.6164 had completed at 1.5423 already. Further rally to test 1.5779 key resistance would likely be seen, a break above...
By Elliott Wave International Lost in the clamor over the central banks’ "let there be liquidity" pronouncement, Standard & Poor’s just downgraded fifteen major U.S. and European banks.
GBPUSD Analysis. GBPUSD’s fall from 1.5779 extended to as low as 1.5561. Further decline is still possible later today, and next target would be at 1.5500 area. Key resistance is now at 1.5779, a break above this...
By Elliott Wave International Senior Analyst Jeffrey Kennedy has spent over 15 years developing techniques to "read between the lines" on a price chart, and he shares some of his techniques with you in a new FREE...
USDCHF Analysis. USDCHF moved sideways in a range between 0.9066 and 0.9329. As long as 0.9066 key support holds, the price action in the range could be treated as consolidation of uptrend from 0.8569, and another rise...
USDCHF Analysis. USDCHF has formed a cycle bottom at 0.9066 on 4-hour chart. Range trading between 0.9066 and 0.9329 would likely be seen in a couple of days. Resistance is at 0.9329, a break above this level...
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,...
EURUSD Analysis. EURUSD is testing the resistance of the price channel on 4-hour chart. As long as the channel resistance holds, the price action from 1.3212 could be treated as consolidation of downtrend from 1.4246, and one...
