GBPUSD Analysis. GBPUSD’s fall from 1.6164 can reach 1.5877 only, the subsequent rise would possibly be resumption of uptrend from 1.5272. Further rise to test 1.6164 key resistance is expected later today, a break above this level...
USDCAD Analysis. Being contained by 1.0265 resistance, USDCAD pulled back from 1.0222. However, the fall is treated as consolidation of uptrend from 0.9891, another rise towards 1.0400 is still possible after consolidation. Support is at 1.0100, only...
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GBPUSD Analysis. GBPUSD is facing 1.5891 support, as long as this level holds, the fall from 1.6164 is treated as consolidation of uptrend from 1.5272, and another rise to 1.6250-1.6300 area is still possible. However, a breakdown...
AUDUSD Analysis. AUDUSD broke below 1.0500 support, suggesting that a cycle top has been formed at 1.0751 on 4-hour chart. Support is now at the uptrend line, as long as the trend line support holds, the fall...
USDCHF Analysis. USDCHF stays below a downtrend line on 4-hour chart, and remains in downtrend from 0.9082. As long as the trend line resistance holds, downtrend could be expected to continue, and next target would be at...
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By Elliott Wave International This is Part III, the final part of our series "Robert Prechter Explains The Fed." (Here are Part I and Part II.)
USDCHF Analysis. USDCHF remains in downtrend from 0.9082, and the fall extended to as low as 0.8572. Further fall could be seen after a minor consolidation, and next target would be at 0.8400 area. Key resistance is...
AUDUSD Analysis. AUDUSD remains in uptrend, the fall from 1.0500 is treated as consolidation of uptrend. Support is now at the lower border of the price channel on 4-hour chart, as long as the channel support holds,...
