EURGBP Rising Channel (Dec 15, 2014)
EURGBP has been moving inside a rising channel since the start of the month, as the uptrend might carry on. The pair is gearing up to test the top of the range around the .7950 minor psychological...
Month: December 2014
USDCAD Daily Analysis – December 15, 2014
USDCAD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.1191. Further rise could be expected in a couple of days, and next target would be at 1.1700 area. Support is located...
USDCHF Daily Analysis – December 15, 2014
USDCHF’s downward movement from 0.9817 extended to as low as 0.9618. Further decline could be expected, and the target would be at 0.9550 area. Resistance levels are at 0.9725 and 0.9817, only break above these levels could...
USDJPY Daily Analysis – December 15, 2014
USDJPY is facing 117.23 support, as long as this level holds, the fall from 121.84 could be treated as consolidation of the uptrend from 105.32 (Oct 15 low). Sideways movement in a range between 117.23 and 121.84...
AUDUSD Daily Analysis – December 15, 2014
AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.8795. Further decline could be expected over the next several days, and next target would be at 0.8000 area. Near term resistance...
GBPUSD Daily Analysis – December 15, 2014
GBPUSD continued its sideways movement in a range between 1.5541 and 1.5825. As long as 1.5825 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.6182 (Oct 28 high). Further decline could...
EURUSD Daily Analysis – December 15, 2014
EURUSD continued its sideways movement in a range between 1.2247 and 1.2599. As long as 1.2599 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.2867 (Oct 15 high), another fall to...
Don’t Get Ruined by These 10 Popular Investment Myths (Part X)
By Elliott Wave International You may remember that after the 2008-2009 crash, many called into question traditional economic models. Why did they fail? And more importantly, will they warn us of a new approaching doomsday, should there...
USDCAD Weekly Analysis – December 14, 2014
USDCAD stays above the rising trend line on daily chart, and remains in uptrend from 1.0619. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...
USDCHF Weekly Analysis – December 14, 2014
USDCHF broke below the bottom of the price channel on daily chart, indicating that consolidation of the uptrend from 0.8703 is underway. Deeper decline would likely be seen, and the target would be at 0.9500 area. As...