1. Who was William Gann? William Delbert Gann was born June 6, 1878, in Lufkin, Texas, to Sam H. and Susan R. Gann, immigrants to Texas from the British Isles. Lufkin is midway between Houston and Texarkana....
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No changed in our view, USDCAD is forming a cycle top at 1.0009 on daily chart. Key support is at 0.9765, deeper decline towards 0.9406 could be seen after breaking below this level. Resistance is at 1.0009,...
USDCHF is now facing the resistance of the downtrend line on daily chart, pullback to 0.7400-0.7500 area would likely be seen before breaking above the trend line resistance. Initial support is at 0.7770, a break below this...
USDJPY broke below 76.29 previous low, suggesting that the pair remains in downtrend from 85.51. However, lengthier consolidation of downtrend is still possible in a couple of week, and one more rise to 79.00 area to reach...
AUDUSD remains in uptrend from 0.9927, the fall from 1.0601 is treated as consolidation of uptrend. Another rise towards 1.1080 previous high could be expected next week, and a break above 1.0601 could signal resumption of uptrend.
GBPUSD’s rise from 1.5781 extended to as high as 1.6617. Further rise to test 1.6745 resistance is still possible next week, as long as this level holds, we’d expect downtrend to resume, and pullback to 1.5900-1.6000 area...
EURUSD is facing the resistance of the upper border of the price channel on daily chart, as long as the channel resistance holds, we’d expect downtrend to resume, and one more fall towards the lower border of...
Greenback wins back its previous losses.
ForexPros Daily Analysis August 19, 2011 Euro, Pound Bouncing off Next Long, Yen Still Hugging Lows Euro: On the daily, the euro spent the last couple of days in short setups into the next half way back...