AUDUSD Daily Analysis – January 9, 2018
AUDUSD extended its upside movement from 0.7501 to as high as 0.7874. Near term support is at the bottom of the price channel on the 4-hour chart. As long as the channel support holds, the uptrend could...
Month: January 2018
GBPUSD Daily Analysis – January 9, 2018
GBPUSD moved sideways in a trading range between 1.3494 and 1.3512. As long as 1.3494 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.3301 and another rise to test 1.3657 (Sep...
EURUSD Daily Analysis – January 9, 2018
EURUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.1717 had completed at 1.2089 already. Further decline would likely be seen after a minor consolidation and next target would...
A Timely Lesson for Today’s Stock Market Investors
By Elliott Wave International Have you ever compared chart patterns from history with financial markets today? Elliott Wave International can show you the unique value of doing exactly that. Why? Because patterns on market charts repeat themselves....
USDCAD Weekly Analysis – January 7, 2018
USDCAD extended its downside movement from 1.2920 to as low as 1.2355, breaking below 1.2433 support. Further decline would likely be seen in a couple of weeks and next target would be at 1.2061 support. Near term...
USDJPY Weekly Analysis – January 7, 2018
USDJPY stayed in a trading range between 110.84 and 114.73 for several weeks. The price action in the range is likely consolidation of the uptrend from 107.31. As long as 110.84 support holds, the upside movement could...
AUDUSD Weekly Analysis – January 7, 2018
AUDUSD continued its upside movement from 0.7501 to as high as 0.7874, facing 0.7897 resistance. A break above this level could trigger further upside movement towards 0.8124 previous high. Near term support is at 0.7800, only break...
GBPUSD Weekly Analysis – January 7, 2018
GBPUSD stays above a bullish trend line on its daily chart and remains in the uptrend from 1.1946 (Oct 7, 2016 low). The pair is now facing 1.3657 resistance. A breakout of this level will suggest that...
EURUSD Weekly Analysis – January 7, 2018
EURUSD is now facing 1.2092 resistance. A breakout of this level will indicate that the uptrend from 1.0340 (Jan 3 low) has resumed, then next target would be at 1.2500 area. On the downside, a clear break...
Gold is Ready for New Rally
Gold closed above $1,300 per ounce for the first time in 5 years as the U.S. dollar saw it’s worst decline over the past 14 years. Despite a strong start in 2017, XAUUSD spent most of the year in a sideways...