EURUSD Major Correction (Oct 9, 2014)
EURUSD seems to have capped off its selloff, as price is now retreating from the 1.2500 levels to the 1.2700 area. The pair got a boost from a dovish FOMC minutes, which indicated that the Fed isn’t...
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USDCAD Daily Analysis – October 9, 2014
No changed in our view, USDCAD remains in uptrend from 1.0886, the fall from 1.1269 is likely consolidation of the uptrend. Support is located at the lower line of the price channel on 4-hour chart, as long...
USDCHF Daily Analysis – October 9, 2014
USDCHF broke below 0.9516 support, indicating that consolidation of the uptrend from 0.8997 (Aug 15 low) is underway. Deeper decline is still possible, and next target would be at 0.9450 area. Resistance is at 0.9600, only break...
USDJPY Daily Analysis – October 9, 2014
USDJPY is in consolidation of the uptrend from 101.06 (Jul 10 low). Range trading between 107.00 and 110.08 would likely be seen over the next several days. As long as 107.00 support holds, the uptrend could be...
AUDUSD Daily Analysis – October 9, 2014
AUDUSD’s upward movement extended to as high as 0.8859. Further rise would likely be seen, and the target would be at 0.8900 – 0.8950 area. Support is at 0.8730, only break below this level could trigger another...
GBPUSD Daily Analysis – October 9, 2014
GBPUSD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 1.6524 had completed at 1.5951 already. Further rise is still possible, and next target would be at 1.6300 area. Support is at...
EURUSD Daily Analysis – October 9, 2014
EURUSD broke above 1.2698 resistance, indicating that the downtrend from 1.2994 had completed at 1.2500 already. Further rally would likely be seen, and the target would be at 1.2850 area. Support is at 1.2600, only break below...
USDJPY Potential Reversal (Oct 8, 2014)
USDJPY appears to be having trouble sustaining its gains past the 110.00 major psychological resistance, as a double top pattern has formed on its 4-hour time frame. Price is currently testing the neckline around the 108.00 handle....
The Gold Bug is Set to Bite Back
By Elliott Wave International Since hitting a record high of $1921.50 per ounce in September 2011, gold prices have erased 30% in value. By the end of day on October 3, 2014, gold prices were circling the...
USDCAD Daily Analysis – October 8, 2014
USDCAD remains in uptrend from 1.0886, the fall from 1.1269 is likely consolidation of the uptrend. Key support is at 1.1071, as long as this level holds, the uptrend could be expected to resume, and next target...