EURUSD Analysis. EURUSD stays in a rising price channel on 4-hour chart, and remains in uptrend from 1.3969. As long as the channel support holds, uptrend could be expected to continue and next target would be at...
Elliott Wave International (EWI) has just released a free 10-page trading eBook: How You Can Find High-Probability Trading Opportunities Using Moving Averages, by Senior Analyst Jeffrey Kennedy.
USDCAD Analysis. Being contained by 0.9639 support, USDCAD rebounded strongly from 0.9655, suggesting that a cycle bottom has been formed on 4-hour chart. Now the rise from 0.9655 would possibly be resumption of uptrend from 0.9444. Further...
USDCAD Analysis. USDCAD’s fall from 0.9816 extended to as low as 0.9655. Deeper decline to test 0.9639 key support could be seen later today, a breakdown below this level will indicate that the uptrend from 0.9444 had...
USDCAD Analysis. USDCAD broke below 0.9743 support, suggesting that a cycle top had been formed at 0.9816 on 4-hour chart, and lengthier consolidation of uptrend from 0.9444 is underway. Further fall is expected later today, and target...
USDCAD Analysis. USDCAD traded in a narrow range between 0.9743 and 0.9816. As long as 1.9743 support holds, the price action in the range is treated as consolidation of uptrend from 0.9444, and another rise towards 0.9900...
By Elliott Wave International If the word ‘fractal’ comes up at all in conversation, that conversation is probably being held in a mathematics department. However, anyone who is interested in the Wave Principle and how it applies...
USDCAD Analysis. USDCAD moved sideways in a narrow range between 0.9743 and 0.9816. The price action in the range is treated as consolidation of uptrend from 0.9444. Further rise is still possible and next next target would...
In the video below, EWI Senior Commodity Analyst Jeffrey Kennedy walks you through a basic checklist of how to put the Wave Principle to work. This clip was taken from The Wave Principle Applied webinar, originally recorded...
GBPUSD Analysis. GBPUSD broke above the trend line from 1.6516 to 1.6302, suggesting that a cycle bottom had been formed at 1.6059 on 4-hour chart. Now the pair is facing 1.6302 resistance, a break above this level...
