USDCAD Analysis. USDCAD had reached the uptrend line from 0.9444 to 0.9669. Deeper decline to test 0.9669 support would likely be seen later today, a breakdown below this level will confirm that the rise from 0.9444 had...
AUDUSD Analysis. AUDUSD traded in a range between 1.0477 and 1.0715 for several days. Resistance is at the upper border of the price channel on 4-hour chart. As long as the channel resistance holds, the price action...
By Elliott Wave International The 3 simple rules of Elliott wave analysis can help traders manage risk, ride market trends and spot price reversals.
GBPUSD Analysis. Being contained by 1.6059 support, GBPUSD rebounded from 1.6078, and formed a cycle bottom on 4-hour chart. Range trading between 1.6078 and 1.6250 is expected in a couple of days. Key resistance is at downtrend...
EURUSD Analysis. Being contained by 1.3969 support, EURUSD rebounded from 1.4073. Resistance is now at the downtrend line on 4-hour chart. As long as the trend line resistance holds, the bounce from 1.4073 is treated as consolidation...
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EURUSD Analysis. EURUSD continued its downward move from 1.4696, and the fall extended further to as low as 1.4073, the subsequent bounce could be treated as consolidation of downtrend. Resistance is at 1.4300, as long as this...
AUDUSD Analysis. AUDUSD’s rise from 1.0522 was limited by the upper border of the price channel on 4-hour chart. Now the fall from 1.0715 would possibly be resumption of downtrend. Further fall would likely be seen later...
By Elliott Wave International As of June 10, the Dow has suffered the "longest losing streak since the fall of 2002. The market’s last seven-week stretch of losses began in May 2001, as the dot-com bubble deflated,"...
EURUSD Analysis. EURUSD’s bounce from 1.4321 extended to as high as 1.4497, suggesting that a cycle bottom had been formed at 1.4321 on 4-hour chart. Lengthier consolidation of downtrend from 1.4696 is possible in a couple of...
