• Elliott wave analysis of EUR/NZD for April 27, 2017

    Wave summary: EUR/NZD did not clear the base channel resistance as expected, which has led to a sideways consolidation, but it should only be a matter of time before this consolidation drives prices higher towards 1.6000 and above towards the ideal wave iii target seen at 1.6656. Short-term look for consolidation within the 1.5670 – […]

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  • Technical analysis of USD/JPY for April 27, 2017

    USD/JPY is expected to trade with bullish bias above 110.90. The pair has bounced up from another test of support at 110.90 and is likely to challenge its 50-period moving average in sight. The relative strength index is below its neutrality level at 50 but reversing up. As long as the key level at 110.90 […]

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  • Technical analysis of USD/CHF for April 27, 2017

    USD/CHF is expected to prevail its downside movement. The pair broke below the 20-period and 50-period moving averages, which play resistance roles. In addition, the 20-period moving average is turning down. The relative strength index is capped by a bearish trend line since April 26. According to Trump’s tax plan, the income tax rate paid […]

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  • Technical analysis of NZD/USD for April 27, 2017

    NZD/USD is expected to trade with bearish outlook as the pair is capped by a negative trend line. The pair is capped by a negative trend line since April 24, which confirms a negative outlook. The downward momentum is further reinforced by a declining 50-period moving average. Even though a continuation of the technical rebound […]

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  • Technical analysis of GBP/JPY for April 27, 2017

    GBP/JPY is expected to prevail its upside movement. The pair is trading above the rising 20-period and 50-period moving averages, which play support roles and maintain the upside bias. The relative strength index is bullish and calls for a further upside. Hence, as long as 142.20 is not broken, a new rise to 143.50 and […]

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  • Elliott wave analysis of EUR/JPY for April 27, 2017

    Wave summary: We have seen a peak 121.98, but the question is, whether this peak of completed wave iii for more upside closer to 123.42 to complete wave A or have wave A already completed with the high seen at 121.98? At this point, it really does not matter, as both scenarios call for a […]

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  • A Sobering Look at “Market-Shattering Shocks”

    http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service ?tcn=ytv1703 If investors would only review the historical data, they would discover the sobering truth about news and the stock market. Do you believe a presidential assassination or a major terrorist attack would affect the market’s trend? Find out what really happened. Learn How the Wave Principle Can Improve Your Trading

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  • Elliott wave analysis of EUR/NZD for April 26, 2017

    Wave summary: The base-channel resistance line near 1.5765 is now behind us and wave iii should continue to accelerate higher towards the 166.56 target. Upon a break above 1.5834, the next minor resistance on the way higher will be seen at 1.6115. As we are in wave iii of 3, we should be aware that […]

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  • Elliott wave analysis of EUR/JPY for April 26, 2017

    Wave summary: EUR/JPY is already testing the extension target at 121.92 and the rally from 116.42 does not show signs of exhaustion yet. So as long as minor support seen at 121.22 is able to protect the downside, we should look for the possibility of even more upside towards 122.41 and maybe even closer to […]

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  • Recall This Bond Trader Chart? Here’s What Happened

    Our three recent Treasury Bond charts combine to show you trader sentiment, price action and important near-term turns and trends. http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service Learn How the Wave Principle Can Improve Your Trading

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  • Elliott wave analysis of EUR/NZD for April 25б 2017

    Wave summary: EUR/NZD is now accelerating higher, which is exactly what we would expect from wave iii. We would likely to see the base-channel resistance-line near 1.5765 be broken too as that will add confidence in wave iii developing and call for even more upside acceleration higher towards the first extension target for wave iii […]

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  • Elliott wave analysis of EUR/JPY for April 25б 2017

    Wave summary: We continue to look for more upside towards 120.62 and possibly even higher towards 121.92 to complete wave iii/. Wave iii/ should be followed by a shallow flat correction in wave iv/ and ideally hold above 118.88 for the next impulsive rally higher. Longer term, we expect a rally to above 122.88 and […]

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  • “Extend and Pretend” and Other Signs of the Coming “Car Crash”

    http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service ?tcn=ytv1703 Delinquencies have been increasing for subprime car loans. Yet, car dealers are unfazed and have been allowing buyers to “trade in underwater vehicles two or three times.” The credit boom is reaching an extreme. Learn How the Wave Principle Can Improve Your Trading

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  • Elliott wave analysis of EUR/NZD for April 24 – 2017

    Wave summary: After the expected minor correction to 1.5171 (the low came in at 1.5168), a strong rally above important resistance at 1.5347 has finally been seen to confirm that wave iii higher towards 1.6656 finally is developing. The former important resistance at 1.5347 will now work as support for the next rally higher to […]

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  • Elliott wave analysis of EUR/JPY for April 24, 2017

    Wave summary: We saw the expected decline to the 61.8% corrective target at 116.52 (the low was seen at 116.42) from where a new very strong rally was seen. The rally from 116.42 does not resemble a fifth wave rally but is more in accordance with a third wave rally, so we have changed our […]

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  • EUR/USD Fundamental Analysis April 24, 2017

    After the French Election in the weekend EUR/USD has opened today with an over 150 pips GAP upwards. In the Election, currently Macron is leading with 23.9% votes where Le Pen is a bit behind at 21.4%. Any candidate reaching over 50% will be announced as a winner. Today we have EUR German Ifo Business […]

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  • Energy Volatility: What to Expect Next

    Energy Volatility: What to Expect Next Our Chief Energy Analyst talks about what he’s looking at across the energy markets By Elliott Wave International In this new interview with Steve Craig, the Editor of our Energy Pro Service, he explains that when looking across the energy complex, 2017 is playing out according to his Elliott […]

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  • The Myth of Shocks

    The Myth of Shocks An Excerpt from Chapter 1 of The Socionomic Theory of Finance By Robert Prechter Few people find a new theory accessible until they first see errors in the old way of thinking. Part I of this book challenges the universally accepted paradigm under which humans’ rational reactions to exogenous (external, or […]

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  • Elliott wave analysis of EUR/NZD for April 21 – 2017

    Wave summary: EUR/NZD is testing resistance at 1.5347 indicating that the wave ii correction completed the test of 1.5054 and wave iii higher now is unfolding. Normally third waves become the extended wave and if this is the case here, we should look for wave iii to reach a minimum of 1.6656. Short-term, we could […]

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  • Elliott wave analysis of EUR/JPY for April 21 – 2017

    Wave summary: Minor support at 116.45 protected the downside, which called for a direct extension higher to 117.99 (the peak of wave iii/ has been seen at 117.82). and a correction in wave iv/ is now unfolding toward 116.52 before higher again towards 119.35 to complete wave i. It’s possible to count the rally from […]

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  • Daily analysis of major pairs for April 21, 2017

    EUR/USD: This pair made some bullish effort this week – something that resulted in a bullish signal. The bullish signal remains valid, as the price might go toward the resistance lines at 1.0750, 1.0800 and 1.0850. A movement above the resistance line at 1.0800 would put more emphasis on the bullishness of the pair. USD/CHF: […]

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  • New Marijuana ETF Confirms a Long-Standing Socionomic Forecast

    http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service ?tcn=ytv1703 Years ago, EWI predicted that marijuana would eventually be legalized. Today, that prediction is a reality in some U.S. states. Find out about a new marijuana-themed ETF. Learn How the Wave Principle Can Improve Your Trading

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  • Are Silver Traders “Way Too Bullish”?

    The real news for Silver prices is all about sentiment: Are Silver Traders “Way Too Bullish”? See and hear the evidence… http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 Learn How the Wave Principle Can Improve Your Trading

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  • Elliott wave analysis of EUR/NZD for April 20, 2017

    Wave summary: The falling channel from 1.5486 is still defining the price action here. As long as the resistance line near 1.5317 is holding firm, we still could see more downside pressure towards 1.4990 to complete wave ii. Otherwise a direct break above 1.5317 will indicate that wave ii is already completed with the test […]

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  • Elliott wave analysis of EUR/JPY for April 20, 2017

    Wave summary: EUR/JPY has already broken above short-term important resistance at 116.55 and also the resistance line from 122.88 confirming that an important low was seen with the test of 114.82 and a new strong rally to above 122.88 and 124.09 should be expected in the coming weeks/months. Short term, a break below minor support […]

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  • Sunday’s French Election “Makes Sense Socionomically”

    Elliott Wave International’s European Markets Analyst weighs in on the important election. Get more financial insights like these — 100% free. Just follow this link: http://www.elliottwave.com/wave/etv2016. Learn How the Wave Principle Can Improve Your Trading

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  • European Credit Spreads Are Sending a Troubling Signal

    http://www.elliottwave.com/Investor-Research/European-Financial-Forecast-Service?tcn=ytv1703 Widening yield spreads mean investors are growing fearful about the future. In Europe, we’re seeing bond market behavior that resembles what occurred before the credit crises in 2008, 2010 and 2012. Take a look at these two charts. Learn How the Wave Principle Can Improve Your Trading

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  • Currencies: Here’s What We’re Watching

    Elliott Wave International Senior Cross Rates Analyst weighs in on recent price action in the British pound. Get more financial insights like these — 100% free. Just follow this link: http://www.elliottwave.com/wave/etv2016. Learn How the Wave Principle Can Improve Your Trading

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  • Elliott wave analysis of EUR/NZD for April 19, 2017

    Wave summary: We are looking for confirmation that the correction in wave ii has completed. As long as the resistance line near 1.5305 and more importantly as long as resistance at 1.5347 is able to cap the upside, we could still see a move closer to 1.4990 before wave ii completes and a new impulsive […]

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