AUDUSD Daily Analysis – May 15, 2014
AUDUSD’s upward movement from 0.9202 extended to as high as 0.9408. Key support is at 0.9318, as long as this level holds, the uptrend could be expected to continue, and next target would be at 0.9500 area....
Author: ForexCycle.com
GBPUSD Daily Analysis – May 15, 2014
GBPUSD’s downward movement from 1.6996 extended to as low as 1.6753. Resistance is located at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue,...
EURUSD Daily Analysis – May 15, 2014
EURUSD remains in downtrend from 1.3993, the rise from 1.3689 is likely consolidation of the downtrend. Range trading between 1.3689 and 1.3774 is possible in a couple of days. Resistance is at 1.3774, as long as this...
Prechter Slams the Fed, Pulls Back Curtain on 200 Years of Government Ineptitude
By Elliott Wave International Recently, Barron’s included an article from Robert Prechter, founder of Elliott Wave International (EWI), the world’s largest financial forecasting firm. It was adapted from a recent issue of Prechter’s Elliott Wave Theorist, the...
How the Government and the Fed are Looting Your Accumulated Wealth
We have just obtained an engaging — and perhaps even an enraging — new report that chronicles 200 years of ineptitude, 100 years of theft and failure, and 50 years of economic regression by the Fed and...
USDCAD Daily Analysis – May 14, 2014
USDCAD remains in uptrend from 1.0813, and the rise extended to as high as 1.0926. Further rise could be expected after a minor consolidation, and the target would be at the upper line of the price channel...
USDCHF Daily Analysis – May 14, 2014
USDCHF’s upward movement from 0.8702 extended to as high as 0.8908. The uptrend could be expected to continue, and next target would be at 0.8950 area. Support is at 0.8860, only break below this level will indicate...
USDJPY Daily Analysis – May 14, 2014
USDJPY remains in uptrend from 102.43, and the rise extended to as high as 102.36. Further rise could be expected after a minor consolidation, and next target would be at 102.70 area. Support levels are at 101.80...
AUDUSD Daily Analysis – May 14, 2014
AUDUSD moved sideways in a trading range between 0.9318 and 0.9394. The sideways movement is likely consolidation of the uptrend from 0.9202. As long as 0.9318 support holds, the uptrend could be expected to resume, and next...
GBPUSD Daily Analysis – May 14, 2014
GBPUSD broke below 1.6832 support, indicating that the uptrend from 1.6465 (Mar 24 low) had completed at 1.6996 already. Further decline would likely be seen after a minor consolidation, and next target would be at 1.6700 area....