Elliott wave analysis of EUR/NZD for April 20 – 2016

Wave summary: We have seen a new low at 1.6062 which has been followed by a clear loss of momentum, but to confirm that a new low is in place a break above 1.6499 will be needed. As long as resistance at 1.6499 is protecting the upside, we will have to stay flexible and accept […]

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Elliott wave analysis of EUR/JPY for April 20 – 2016

Wave summary: The rally of the 121.69 low has been stronger than expected and displayed impulsive characters indicating that a bottom could be in place. If this is the case, then the coming decline from the 124.40 high will be in three waves and will halt above the 121.69 low for a new rally above […]

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Woe-Mart: The Retail Giant Walmart Has Faltered

Woe-Mart: The Retail Giant Walmart Has Faltered The era of “always low prices” no longer translates into always high profits. Learn what we think is behind the shift By Elliott Wave International Walmart founder Sam Walton said: “There is only one boss. The customer. And he can fire everybody in the company from the chairman […]

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Elliott wave analysis of EUR/NZD for April 19 – 2016

Wave summary: EUR/NZD keeps moving lower and the break below support at 1.6229 tells us that the correction in wave [ii] is not over yet as expected. This is both very confusing and frustrating but we must accept the price action and should see one more decline to just below 1.6125, but not below the […]

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Elliott wave analysis of EUR/JPY for April 19 – 2016

Wave summary: With yesterday’s low at 121.69, we now have 11 overlapping waves lower from 141.06. A count of 11 overlapping waves is corrective and indicates a bottom could be close by or maybe even in place. The corrective decline began at 149.55 in early December 2014 and has turned into a zig-zag (A-B-C) decline. […]

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Visualize Price Progression with Elliott

Elliott wave analysis identifies corrective and impulsive moves, which helps you stay on the right side of the trend. Matthew Gress, who writes for our Intraday Asian Stocks Pro Service analyst, uses the Wave Principle to visualize a price progression in markets like the Nikkei, Shanghai Composite and more — and you can, too. 7 […]

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Elliott wave analysis of EUR/NZD for April 18 – 2016

Wave summary: We continue to look for support at 1.6229 being able to protect the downside for a clear break above 1.6492 that will call for a continuation higher to 1.6830 and above. Only an unexpected break below 1.6229 and, more importantly, a break below support at 1.6086 will force us to make a recount […]

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Elliott wave analysis of EUR/JPY for April 18 – 2016

Wave summary: On Friday, we saw a failure to break clearly below 122.54 indicating that a fifth wave failure has been seen for red wave [v] and red wave [iii]. However, we expected resistance at 123.66 would protect the upside for another run towards the downside and a break below 122.54. We saw a corrective […]

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(Interview) Elliott Wave Analysis Pairs with Fibonacci Perfectly

(Interview) Elliott Wave Analysis Pairs with Fibonacci Perfectly The Fibonacci Sequence is the mathematical basis of the Elliott Wave Principle By Elliott Wave International Using Fibonacci calculations helps you identify high-probability price targets and trade setups. In this new interview with our Senior Instructor Jeffrey Kennedy, you’ll learn how Fibonacci pairs perfectly with Elliott wave […]

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European Stocks: Here’s What the Mainstream Overlooks

Our monthly European Financial Forecast editor, Brian Whitmer, explains what the current figures of credit demand mean for European stocks. Learn more: http://www.elliottwave.com/wave/BrianW Learn How the Wave Principle Can Improve Your Trading Related Posts:GBP/USD trading plan for European session on August 15,… August 15, 2023 Yesterday, the pound/dollar pair formed several entry signals. Let’s look…Market […]

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Elliott wave analysis of EUR/NZD for April 15 – 2016

Wave summary: After the strong rally of the 1.6244 low, we saw a rally to 1.6492 followed by a corrective decline to 1.6302 and we are now looking for a break above minor resistance at 1.6450 confirming the next impulsive rally higher to at least 1.6705 and more likely higher to 1.6955 as wave 3 […]

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Elliott wave analysis of EUR/JPY for April 15 – 2016

Wave summary: With a low at 122.70, EUR/JPY failed to make a new low below 122.54 indicating either a fifth wave failure or that a more complex correction is unfolding in red wave [iv]. We will continue to look for resistance at 123.66 and, if broken just above 124.23, for the final decline towards 121.75 […]

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(Interview) Pinpoint Where You’re Wrong

(Interview) Pinpoint Where You’re Wrong Learn one of the greatest benefits of the Wave Principle By Elliott Wave International The Wave Principle is the only technical analysis tool that lets you know exactly where you’re wrong, to the pip, tick, or penny. Our senior instructor Jeffrey Kennedy explains this important value — among others — […]

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Here’s Why “Correlation” Between Stocks and Oil is a Giant Myth

Our Chief Energy Analyst explains why it’s dangerous to presume causality between crude oil and the S&P 500. Learn more: http://www.elliottwave.com/wave/EnergyPS Learn How the Wave Principle Can Improve Your Trading Related Posts:Market Comment – China cuts rates but stocks mixed, strong… August 15, 2023 China unexpectedly cuts key lending rate as weak data keeps…Market Comment […]

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Elliott wave analysis of EUR/NZD for April 14 – 2016

Wave summary: Important support at 1.6229 has protected the downside nicely and the strong rally from the 1.6242 low does indicate that a firm low is in place. That also keeps our long-term count intact calling for a rally to 1.6830 and above here will call for an acceleration much higher. In the short term, […]

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Elliott wave analysis of EUR/JPY for April 14 – 2016

Wave summary: No change in view here. We continue to look for a downside thrust out of the triangle for a decline towards 120.98 to end red wave iii and set the stage for a correction rally in red wave iv to the 123.55 – 123.85 area before going lower again in red wave v […]

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Two Bull-Market Institutions Reach a High Plateau

http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG Two bull market institutions are showing patterns of five-waves up. Elliott-minded investors know that this means the next trend points downward. See two charts that you will likely not find anywhere else. Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis – EURAUD trades sideways as market… August 4, 2023 EURAUD […]

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Elliott wave analysis of EUR/NZD for April 13 – 2016

Wave summary: The expected rally has failed miserably and we are currently seeing a test of the support line from 1.5784. This support-line near 1.6229 needs to protect the downside or we will have to review our count. A break below 1.6229 could indicate that an even deeper corrective decline from 1.9023 is unfolding closer […]

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Elliott wave analysis of EUR/JPY for April 13 – 2016

Wave summary: We are still locked inside the triangle consolidation and we remain on the outlook for a thrust out of the triangle towards the downside for a decline to 120.98. A break below minor support at 123.15 will indicate that the expected thrust is being seen for a decline to 120.98 in red wave […]

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Elliott Wave Principle Gives You Market “Context”

What can you learn from our analysts’ backgrounds that may help you become a better trader? Our Senior Cross Rates Analyst, Michael Madden, who writes for our 24-hour Currency Pro Services, came to EWI after learning about Elliott wave analysis for years on his own. Learn how Michael got his start in technical analysis, and […]

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Elliott wave analysis of EUR/NZD for April 12 – 2016

Wave summary: We were looking for a break above resistance at 1.6830 and instead we have seen a break below support at 1.6605. This cross continues to disappoint and do whatever it can to cover up its real intentions. We will stay focused towards the upside as long as support at 1.6373 is able to […]

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Elliott wave analysis of EUR/JPY for April 12 – 2016

Wave summary: Red wave [iv] has turned into a triangle consolidation, which should be over soon for a downside thrust towards 120.98 as the next downside target in red wave [v] and red wave iii. In the short term, we should see minor resistance at 123.73 protect the upside for a break below minor support […]

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U.S. Economy Falters, Steady Deflationary Slide Underway

http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG The Great Recession “officially” ended nearly seven years ago, yet the U.S. economy still struggles to find its footing. Evidence revealsa steady deflationary slide is already underway, yet few investors are aware, much fewer prepared. “Make no mistake about it. It’s a global story.” Learn How the Wave Principle Can Improve Your Trading Related […]

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Elliott wave analysis of EUR/NZD for April 11 – 2016

Wave summary: EUR/NZD is still consolidating the break above the minor resistance line near 1.6665. We continue to look for upside acceleration towards 1.7220 on the way higher to 1.8550, but first, we need to see a break above minor resistance at 1.6788 to give the “Go Ahead” for the next part of the rally […]

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Elliott wave analysis of EUR/JPY for April 11 – 2016

Wave summary: We continue to look for a decline to below 122.54 to end red wave iii. Ideally, the low of red wave iii will be seen near 120.98 and will set the stage for a consolidation in red wave iv before the final decline in red wave v towards 117.37 where a major new […]

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Elliott wave analysis of EUR/NZD for April 8 – 2016

Wave summary: We continue to look for upside acceleration and expect this will be seen once resistance at 1.6874 is overcome. In the longer term, we are looking for a strong rally in wave [iii] higher towards 1.8550. In the short term, support is seen at 1.6605 and again at 1.6550, but ideally support at […]

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Elliott wave analysis of EUR/JPY for April 8 – 2016

Wave summary; We continue to look for a decline to 120.98 (red wave iii), where red wave iii will be 161.8% longer than red wave i. Once red wave iii is in place near 120.98 a correction/consolidation in red wave iv should be seen before the final decline in red wave v lower towards 117.37. […]

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Elliott wave analysis of EUR/NZD for April 7 – 2016

Wave summary: We are still waiting for some real upside acceleration, but to signal the beginning of this upside acceleration, a break above resistance at 1.6800 and, more importantly, a break above 1.6874 is needed to call for a rally to 1.7220 on the way higher towards 1.8550. Support is seen at 1.6624 and is […]

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Elliott wave analysis of EUR/JPY for April 7 – 2016

Wave summary: We have now seen the expected break below the important support at 124.64 confirming a continuation lower to 122.06 and 117.38 to end the corrective decline from 141.04. Short-term resistance is now seen at 125.30, which ideally will protect the upside for the expected continuation lower to 123.04 and 122.06 on the way […]

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Our Forex Strategist: “I’m Always Looking for ‘Analytical Colleagues'”

Jim Martens explains why his “ideal subscriber” is a forex trader who thinks for himself and only uses Jim’s analysis as a “sounding board” for spotting high-confidence trade setups. Learn more: http://www.elliottwave.com/wave/Martens Learn How the Wave Principle Can Improve Your Trading Related Posts:Forex forecast 08/15/2023 on USD/JPY, EUR/JPY, USD/CAD and… August 15, 2023 Let’s take […]

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