Wave summary: The rally of the 1.6196 low is not yet convincing in any way, but as long as this low is able to protect the downside, we will let the bullish outlook have the benefit of doubt and look for more upside pressure towards 1.6592 and higher towards 1.6874. In the short term, we […]
Wave summary: The extremely erratic decline from 141.06 could have bottomed at 121.66, but if this is the case, then a break above minor resistance at 122.95 should be seen soon and, more importantly, a break above resistance at 124.04 will confirm the low for a new rally back to 126.47. That said, we have […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG Have you ever wondered why the U.S. economy remains weak even after unprecedented monetary and fiscal stimulus? The reason boils down to just two words: deflationary psychology. Now is the time to prepare for what we see ahead. Learn How the Wave Principle Can Improve Your Trading Related Posts:GBP/USD. April 12th. British economy continues […]
Learn how pairing the Wave Principle with other technical indicators helps you gauge the trend. Last week, Chris Carolan, the editor of our Asian-Pacific Short Term Update, alerted his subscribers to a bearish opportunity in the Japanese Nikkei. He explains what “tipped him off” to the bearish side. Watch. Learn more: http://www.elliottwave.com/r.asp?rcn=ytvideos1503&url=www.elliottwave.com/wave/Carolan Learn How the […]
Wave summary: The very slow start of what we expect is a new major rally to above 1.6833 and much higher is still developing in a slow motion way. That said, we are currently looking for minor support at 1.6231 to protect the downside for a break above minor resistance at 1.6433 and, more importantly, […]
Wave summary: EUR/JPY has broken below the important support at 121.69 (a low has been seen at 121.66). The break below 121.69 does open a window for a decline all the way to the 117.37 – 117.99 area before the corrective low is finally in place. That said, we are seeing a clear loss of […]
Olympic-Sized Woes in Brazil The newly published April 2016 issue of The Socionomist highlights the current chaos in Brazil. Zika, economic woes, scandals and a presidential impeachment all seem to spell “doom” for the country, which is set to host the 2016 Olympic Games this summer. In this video, Socionomics Institute Senior Researcher Chuck Thompson […]
Commodities have been one of the best sectors to be in recently. Watch this new interview with Jeffrey Kennedy, the editor of our Commodity Junctures market-forecasting service, to learn about the one commodity [Jeff] is most excited about.” Learn more: http://www.elliottwave.com/wave/Kennedy Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis of Daily […]
Wave Summary: The corrective decline in red wave ii became deeper than expected with a low at 1.6196, but it seems to be over. A break above minor resistance at 1.6365 and more importantly a break above resistance at 1.6395 will confirm for a new rally to the 1.6592 higher and above towards 1.6874 and […]
Wave summary; It has become a “Make it or break it” time. The low at 121.69 should be able to protect the downside, or our count will be wrong and will have to be ajusted. We will be looking for a break above minor resistance at 122.52 as the first good indication that a low […]
The Wave Principle classifies price action as either motive or corrective. Motive waves move in the direction of the trend and include impulse waves and diagonals. Today, you can watch a lesson from Jeffrey Kennedy’s Trader’s Classroom in which he teaches you about the basics of the impulse wave and then shows you how to […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG How much longer will investors remain enamored with risk-assets like stocks? The evidence suggests that a major shift toward financial conservatism is underway. See the evidence and decide for yourself. Learn How the Wave Principle Can Improve Your Trading Related Posts:Financial future on the horizon: US stocks rise ahead of… April 10, 2024 On […]
Wave summary: We finally saw a break above the important short-term resistance at 1.6499 to indicate that an important low was seen at 1.6062 and a new impulsive rally is developing. In the short term, we continue to look for support near 1.6285 that we expect will protect the downside for a new rally to […]
Wave summary: EUR/JPY only reached 126.47 before collapsing as the Bank of Japan announced no change after its meeting today. That disappointed the market and sent the cross pair strongly lower. Despite the collapse, this decline is “only” regarded as red wave ii and should find support in the 121.71 – 122.57 area for the […]
Chris Carolan tells you about what a weaker dollar implies for Asian equities, gives you an update on what he’s looking at in China. Learn more: http://www.elliottwave.com/wave/Carolan Learn How the Wave Principle Can Improve Your Trading Related Posts:Will US retail sales add juice to the dollar’s rally? –… April 12, 2024 US retail sales will […]
Wave summary: We are still waiting for a break above important resistance at 1.6490 to confirm that an important bottom has been seen at 1.6062. A break above the 1.6490 resistance will call for much more upside towards 1.6830 at first, but in the long term even higher highs near 1.8420 and above should be […]
Wave summary: We continue to look for more upside pressure towards 127.77 in red wave iii. In the long term, much higher highs are expected as the large correction from 149.55 most likely ended with the test of 121.69 and a new impulsive rally to above 149.55 is now expected. Short-term support is seen at […]
(Video) Crude Oil: See How Elliott Waves Prepare You for Trend Changes “Trend is your friend”? Yes — but how do you know when a trend may end? Watch. By Elliott Wave International Back in February, when crude oil prices fell to $26 a barrel, you may remember a chorus of mainstream opinions suggesting that […]
Jim tells you how Elliott waves help you “make sense” of the FX markets — and why it’s important to look at the larger trend. Access the entire 6-minute interview: http://www.elliottwave.com/wave/OpenHouse16 Learn How the Wave Principle Can Improve Your Trading Related Posts:Forex forecast 04/15/2024: EUR/USD, GBP/USD,USD/CAD, USDX… April 15, 2024 We introduce you to the […]
Wave summary: We are still looking for a break above the important short-term resistance at 1.6499 to confirm that an important low was found at 1.6062. Short-term support is found at 1.6304 which ideally will protect the downside for the break above 1.6499 to confirm much more upside to come in the coming weeks and […]
Wave summary: No change in view here. We continue to look for a continuation higher towards 127.77 as the first upside target for red wave iii. Short-term support is seen at 124.81, but we must still allow for a more complex correction that could move as low as 124.27 before a break above 125.54 confirms […]
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Wave summary: The rally of the 1.6063 low is doing okay. We are not yet at a stage where we can say with a high degree of certainty that a long-term bottom is in place. We do expect this, but still need a break above important resistance at 1.6499 that will call for more upside […]
Wave summary: We continue to look for more upside pressure towards the 127.77 target as red wave iii. However, in the long term a strong test of the 128.22 high is expected and if this resistance breaks, then a long-term bottom at 121.69 will be confirmed and a return to strong resistance at 141.06 should […]
Wave summary: We have seen a nice little rally of the 1.6062 low, but the pair is not out of the woods yet. To confirm that a long-term bottom has been seen, a break above minor resistance at 1.6499 and, more importantly, a break above resistance at 1.6830 will be needed. That said, a break […]
Wave summary: The red wave ii correction turned out to be an expanded flat correction, which tells us to expect an extended rally in red wave iii. This means a rally to at least 127.77 and possibly much higher as red wave iii gathers momentum. In the short term, we should see support at 123.77 […]
Tom Denham, our Senior Metals Analyst, talks about recent price action in gold and silver and the relationship between the two markets. Get the rest of this 8-minute interview when you join Elliott Wave International’s Open House: http://www.elliottwave.com/wave/OpenHouse16 Learn How the Wave Principle Can Improve Your Trading Related Posts:Weekly forecast based on simplified wave analysis […]
Wave summary: We are looking for a confirmation that a bottom is in place at 1.6062. A break above minor resistance at 1.6266 will be a good start, but to confirm the low, we need a break above resistance at 1.6499. If that break is seen, then the bottom at 1.6062 should be safe and […]
Wave summary: Our preferred count remains that an important bottom was seen at 121.69 and a new impulsive rally to above 149.55 is developing. The rally of the 121.69 low to 124.40 was wave i and wave ii is currently unfolding. The corrective wave ii has already tested the minimum corrective target at 123.39 (the […]
Tony Carrion, one of our Currency Pro Service analysts, tells you how he uses Elliott waves in his analysis and why hearing an interview with Bob Prechter was a “game changer.” 7 Days. 50 Global Markets. 100’s of New Opportunities. Get a free week of opportunity-rich, professional-grade forecasts: http://beta.elliottwave.com/Free-Events/Pro-Services-Open-House Learn How the Wave Principle Can […]
