GBPUSD Analysis. Being support by 1.6431, GBPUSD rebounded from 1.6451, suggesting that a cycle bottom is being formed on 4-hour. Further rise would likely be seen in a couple of days, and target is at 1.6745 previous...
By Elliott Wave International On the morning of May 2, the financial headlines were abuzz with the news of Osama Bin Laden’s death and its positive impact on the stock market: "Stock Market Celebrates Killing of Bin...
EURUSD Analysis. Being supported by the price channel on 4-hour chart, EURUSD rebounded from 1.4754, suggesting that a cycle bottom is being formed. Now the bounce from 1.4754 would possibly be resumption of uptrend from 1.4157. further...
EURUSD Analysis. EURUSD remains in uptrend from 1.4157, the price action from 1.4881 is treated as consolidation of uptrend. Deeper decline would likely be seen later today. Support is at the lower border of the price channel...
EURUSD Analysis. EURUSD may be forming a cycle top at 1.4881 level on 4-hour chart. Range trading between 1.4700 and 1.4881 would likely be seen in a couple of days. However, the price action from 1.4881 is...
USDCAD Analysis. Being supported by 0.9453 previous low, USDCAD rebounded from 0.9463, suggesting that lengthier consolidation in a range between 0.9453 and 0.9575 is underway, and another rise to 0.9650 to reach next cycle top on 4-hour...
By Elliott Wave International What tools help you with the difficult task of identifying the market trend, riding it, and getting out before it reverses?
USDCAD Analysis. USDCAD formed a sideways consolidation in a range between 0.9453 and 0.9575. As long as 0.9453 support holds, lengthier consolidation in the range is expected, and another rise to 0.9650 to reach next cycle top...
USDJPY Analysis. USDJPY continued its downward movement from 85.51, and the fall extended further to as low as 81.26. Initial resistance is at the upper border of the price channel on 4-hour chart, as long as the...
USDJPY Analysis. USDJPY stays in a falling price channel on 4-hour chart, and remains in downtrend from 85.51. Key resistance is now at 82.42, as long as this level holds, downtrend could be expected to continue, and...
