GBPUSD Weekly Analysis – February 8, 2014
GBPUSD is in uptrend from 1.4813, the fall from 1.6668 is treated as consolidation of uptrend. Deeper decline would likely be seen and the target would be a the lower line of the price channel on daily...
Author: ForexCycle.com
EURUSD Weekly Analysis – February 8, 2014
EURUSD moved sideways in a range between 1.3296 and 1.3892. As long as 1.3296 support holds, the price action from 1.3832 could be treated as consolidation of the uptrend from 1.2747 (Apr 4, 2013 low), one more...
Many Are Betting on a Calm Market. We’re Not.
By Elliott Wave International The DJIA, S&P and NASDAQ are struggling to bounce. Yet the bullish convictions remain high. Says a February 5 Investor’s Business Daily headline: “Why Mutual Fund Investors Need Not Panic After January Sell-Off”...
USDCAD Daily Analysis – February 7, 2014
USDCAD moved sideways above 1.1031 support. A breakdown below this support level will indicate that the uptrend from 1.0588 had completed, then deeper decline to 1.0800 area could be seen. However, as long as 1.1031 support holds,...
USDCHF Daily Analysis – February 7, 2014
USDCHF broke below 0.9003 support, suggesting that the uptrend from 0.8903 had completed at 0.9081 already. The pair is now in downtrend, further decline could be expected, and next target would be at 0.8900 area. Resistance levels...
USDJPY Daily Analysis – February 7, 2014
USDJPY is facing the resistance of the upper line of the price channel on 4-hour chart. A clear break above the channel resistance will indicate that consolidation of the downtrend from 105.44 is underway, then the pair...
AUDUSD Daily Analysis – February 7, 2014
AUDUSD remains in uptrend from 0.8660. Further rise could be expected after a minor consolidation, and next target would be at 0.9040 area. Key resistance is at 0.9085, as long as this level holds, the price action...
GBPUSD Daily Analysis – February 7, 2014
GBPUSD remains in downtrend from 1.6668, the rise from 1.6252 is likely consolidation of the downtrend. Resistance is at 1.6400, as long as this level holds, the downtrend could be expected to resume, and another fall to...
EURUSD Daily Analysis – February 7, 2014
EURUSD broke above 1.3570 resistance, indicating that the downward movement from 1.3739 had completed. Further rise would likely be seen, and next target would be at 1.3700 area. Support is at 1.3550, only break below this level...
Stocks Peak One Year After Bonds (History Set to Repeat?)
By Elliott Wave International When the financial media mentions the late 1920s, they usually mean the 1929 stock market top. But today’s investors can also learn from what happened in 1928. That was the year that the...