Today’s support and resistance levels: R3: 147.92 R2: 147.45 R1: 147.01 Current spot: 146.70 S1: 146.52 S2: 146.29 S3: 146.03 Technical summary: The decline from 149.13 does have impulsive characters. Short term, we will be looking for resistance next to 147.01 for one more impulsive decline to the 144.83 – 145.25 area to end wave […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Pundits love to talk about a presumed correlation between oil and stocks. But back in 2010, our monthly Elliott Wave Theorist published a study with a simple chart that proved that there is, in fact, no correlation, period. Watch. Learn How the Wave Principle Can Improve Your Trading Related Posts:Market Comment – Stocks rally, […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/wave/98420/default.aspx Why have massive inflation efforts by global central banks been largely ineffective? The big picture points to a rare economic trend that even governments cannot stop. Learn what you need to know about what The Economist says “is all too close and extremely dangerous.” Learn How the Wave Principle Can Improve Your Trading Related […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Lofty stock market prices have given chief executives the confidence to make bold corporate acquisitions. The M&A market is booming. See how 2014 compares to 2007 — and learn what could come next. Learn How the Wave Principle Can Improve Your Trading Related Posts:Video market update for April 05, 2024 April 7, 2024 Potential […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/wave/98420/default.aspx Do you know what the Bank of Japan, the European Central Bank and the Federal Reserve have in common? First of all, they are three of the world’s biggest central banks, the presumed movers and shakers of modern-day global finance. But the other thing that unites them is a common problem: Despite their best […]
Today’s support and resistance levels: R3: 146.69 R2: 146.40 R1: 146.18 Current spot: 145.95 S1: 145.71 S2: 145.60 S3: 145.35 Technical summary: Despite a new high at 146.69, the odds favor this as being a b-wave rally of an expanded flat correction, this means that we should still see an impulsive decline in wave c […]
Today’s support and resistance levels: R3: 1.5823 R2: 1.5792 R1: 1.5766 Current spot: 1.5731 S1: 1.5723 S2: 1.5701 S3: 1.5680 Technical summary: Wave 4 dipped a little lower than the ideal 1.5705 target, with the low coming in at 1.5680. We will now be looking for a rally past minor resistance at 1.5792 and more […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Reports about the negative fundamental outlook for oil now appear in the mainstream financial press — five months after WTI crude oil started a 33% decline. Elliott wave analysis puts you ahead of changes in a financial market’s fundamentals. See how. Learn How the Wave Principle Can Improve Your Trading Related Posts:Elliott wave analysis […]
Tody’s support and resistance levels: R3: 1.5877 R2: 1.5833 R1: 1.5792 Current spot: 1.5785 S1: 1.5742 S2: 1.5717 S3: 1.5705 Technical summary: We are still looking for the final spike lower to the ideal target at 1.5705 to end wave 4 and set the stage for a strong rally in wave 5 higher towards 1.6446 […]
Today’s support and resistance levels: R3: 145.64 R2: 145.47 R1: 145.08 Current spot: 144.90 S1: 144.78 S2: 144.54 S3: 144.28 Technical summary: We have just seen the expected rally to 145.92 and this target was even exceeded with a spike to 146.53 before the top was finally in place. Now, we will be looking for […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Epic wide wealth disparity in the U.S. has struck a nerve. Now, a new paper provides even more insight into the topic. Think 1929. Learn How the Wave Principle Can Improve Your Trading Related Posts:Analysis of GBP/USD. October 10th. High wage growth rates… October 10, 2023 The wave analysis for the GBP/USD pair remains […]
Today’s support and resistance levels: R3: 1.5877 R2: 1.5853 R1: 1.5833 Current spot: 1.5817 S1: 1.5808 S2: 1.5792 S3: 1.5758 Technical summary: We have seen a temporary low at 1.5724, but the rally of this low, does look corrective. We expect one final low closer to 1.5705 to be seen before wave 4 is over […]
Today’s support and resistance levels: R3: 145.92 R2: 145.50 R1: 1.4505 Current spot: 144.65 S1: 144.22 S2: 143.92 S3: 143.60 Technical summary: The decline from 144.71 has been way to small wave iv correction. So, we have changed our count slightly that wave iii ended at 144.20 and wave iv corrected exactly 23.6% of wave […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx A fresh example of how Elliott wave chart patterns help you track and forecast changes in market psychology. Watch. Learn How the Wave Principle Can Improve Your Trading Related Posts:Indicator analysis: Daily review of GBP/USD on November 7,… November 7, 2023 Trend analysis (Fig. 1).The GBP/USD currency pair may move downward…Indicator analysis: Daily review […]
Today’s support and resistance levels: R3: 1.5853 R2: 1.5817 R1: 1.5796 Current spot: 1.5745 S1: 1.5723 S2: 1.5717 S3: 1.5680 Technical summary: The diagonal support-line should be tested soon. We will be looking for support near 1.5717, which ideally will protect the downside for a break above minor resistance at 1.5796 and more importantly a […]
Today’s support and resistance levels: R3: 144.43 R2: 144.20 R1: 143.98 Current spot: 143.90 S1: 143.74 S2: 143.45 S3: 143.25 Technical summary: The correction in wave iv is still unfolding and we should soon see a break below 143.75 and more importantly below 143.45 calling for a decline to 142.46 and possibly even slightly lower […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx The price of gold hit a 4-½ year low last week. The head of precious metals at a Canadian bank says the precious metal “still looks vulnerable.” Another analyst sees “more reasons for prices to go down.” Learn why you should be wary of the prevailing sentiment toward gold. Learn How the Wave Principle […]
Today’s support and resistance levels: R3: 1.5897 R2: 1.5874 R1: 1.5857 Current spot: 1.5828 S1: 1.5810 S2: 1.5769 S3: 1.5717 Technical summary: The very complex consolidation from early October finally found its resolution with the break below support at 1.5903. The break below support at 1.5903 means that the preferred count has shifted to the […]
Today’s support and resistance levels: R3: 144.08 R2: 143.80 R1: 143.65 Current spot: 143.44 S1: 143.25 S2: 142.93 S3: 142.55 Technical summary: Red wave v and wave iii seem to have ended early at 144.70 and that means a correction in wave iv currently is unfolding towards 142.46 and maybe even slightly lower to 142.06. […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Let’s face it, bonds are boring. Bonds are the beige minivan of the markets. People don’t turn to bonds for excitement. They are valued for their safety and stability. That’s why it was all the more surprising when… Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical analysis on EUR/USD on October […]
Today’s support and resistance levels: R3: 1.6058 R2: 1.6028 R1: 1.6000 Current spot: 1.5976 S1: 1.5961 S2: 1.5935 S3: 1.5903 Technical summary: We are still locked in this very complex consolidation and is currently testing the support-zone between 1.5903 – 1.5958. We expect this support to protect the downside for a break above resistance at […]
Today’s support and resistance levels: R3: 145.20 R2: 144.82 R1: 144.22 Current spot: 143.82 S1: 143.54 S2: 143.22 S3: 142.92 Technical summary: Red wave iv ended early at 142.05. We should ideally see a break above 144.22 soon for a continuation higher towards 145.60 in red wave v. Only a break below support at 142.77 […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx The March 2008 low of $70.70 in the U.S. Dollar Index arrived when many financial observers were calling for a collapse of the greenback. In 2014, the buck has recently climbed above $88. Now almost everyone is a dollar bull. Are greenback traders in for a surprise? Learn How the Wave Principle Can Improve […]
Today’s support and resistance levels: R3: 1.6058 R2: 1.6028 R1: 1.6000 Current spot: 1.5981 S1: 1.5961 S2: 1.5935 S3: 1.5903 Technical summary: We have entered the support-zone between 1.5903 – 1.5958, which we expect will protect the downside for a new rally towards 1.6273. However, it will take a break either below 1.5903 or a […]
Today’s support and resistance levels: R3: 143.05 R2: 142.88 R1: 142.65 Current spot: 142.27 S1: 142.05 S2: 141.95 S3: 141.70 Technical summary: The correction from 144.22 towards 141.70 is still unfolding. However, once this correction is over, look for a new rally towards the first target for red wave v at 145.21 to end wave […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx When all the “reasons” are in place for a financial market to trend higher (or lower), prices often move in the opposite direction. Watch. Learn How the Wave Principle Can Improve Your Trading Related Posts:Why is gold defying gravity? – Special Report April 7, 2024 Gold stays in rally mode, even when dollar and […]
Today’s support and resistance levels: R3: 1.6263 R2: 1.6193 R1: 1.6169 Current spot: 1.6114 S1: 1.6096 S2: 1.6072 S3: 1.6060 Technical summary: Still no news here. We are still locked within a very complex correction and we are waiting for the clues to what way the next major move will be. We are still slightly […]
As of 2013, the daily trading volume in foreign exchange was more than $5 TRILLION a day. EWI’s currencies expert, Jim Martens, discusses the pros and cons of trading forex vs. trading stocks. Who is Jim Martens?Jim is one of the very few forex Elliott wave instructors in the world, and a long-time editor of […]
What do the last three chairs of the U.S. Federal Reserve have in common? Well, it’s not their taste in structured black blazers. It’s the fact that they all see gold as a kind of Winston Churchill-like nesting doll — a riddle wrapped in a mystery inside an enigma. July 2013: Then Fed chairman Ben […]
In this brand-new video interview, EWI Senior Currency Strategist Jim Martens shows you his approach to the forex markets — and how the “simplicity” of Elliott wave analysis has guided him through 23 years of forecasting. Watch this new interview — and follow the link below the video to learn how to get a full […]
