Elliott wave analysis of EUR/NZD for August 2, 2017

Wave summary: EUR/NZD is rallying nicely and has now cleared minor resistance at 1.5897, too. This confirms continuation higher towards 1.6236 as the next upside target. However, longer term, we expected EUR/NZD to move way past the 1.6236 target, too. Support is now seen at 1.5880 and again at 1.5829. The later should be able […]

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Elliott wave analysis of EUR/JPY for August 2, 2017

Wave summary: EUR/JPY has finally cleared resistance at 130.77 and is now headed higher towards the 133.34 target. The former resistance at 130.77 will now act as support for the rally higher. If the 133.34 target is broken the next upside target to look for, will be seen at 134.04 and then 135.03, but be […]

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Elliott wave analysis of EUR/NZD for August 1, 2017

Wave summary: Finally, EUR/NZD is moving higher again. The break above 1.5743 is the first good indication that the red wave ii/ completed with the test of 1.5527 and that the red wave iii/ higher to 1.6236 is developing now. Support is seen at 1.5680 with back-up support at 1.5587. The later should be able […]

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Elliott wave analysis of EUR/JPY for August 1, 2017

Wave summary: We have not much to add here. EUR/JPY remains struck just below resistance at 130.77 and only a break above here will clear the way for the next rally higher towards 133.46. Support is seen at 130,00 which is expected to be able to protect the downside for the break above 130.77. However, […]

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A New Twist on “Peak Oil”

http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 In mid-2000, the world feared it was running out of Oil. Speculators, in turn, became feverishly bullish on oil’s price. A 78% crash soon followed. Now, the phrase “peak oil” has been re-introduced, but in a different way. Learn How the Wave Principle Can Improve Your Trading

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Elliott wave analysis of EUR/NZD for July 31, 2017

Wave summary: We continue to look for a break above 1.5780 and more importantly a break above resistance at 1.5899 to confirm red wave iii/ higher towards 1.6236. That said, as long as minor resistance at 1.5780 is able to cap the upside, a continued sideways consolidation remains expected. Only an unexpected break below 1.5419 […]

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Elliott wave analysis of EUR/JPY for July 31, 2017

Wave summary: Short-term important support at 130.77 held once again, but we do not expect this minor decline. The pair will move lower than 129.30 before turning higher again to try to break above resistance at 130.77 for a continuation higher towards 133.46. Only an unexpected break below minor support at 128.90 will confirm that […]

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Do Corporate Earnings Matter to the Stock Market?

http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 The notion that “earnings drive stock prices” powers a lot of research on Wall Street. See a chart that torches this assumption. Learn How the Wave Principle Can Improve Your Trading

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Elliott wave analysis of EUR/NZD for July 28, 2017

Wave summary: We still don’t have much to add here. We continue to look for evidence that the red wave ii/ has completed and the red wave iii/ higher to 1.6236 is ready to unfold. The first good indication that the red wave ii/ have completed and the red wave iii/ is developing will be […]

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Elliott wave analysis of EUR/JPY for July 28, 2017

Wave summary: We continue to look for the final rally towards the ideal target at 133.34. A break above the resistance at 130.77 will confirm that the final leg higher is developing. Once the 133.34 target has been tested, we should start looking for a reversal lower. That said, a break below minor support at […]

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Elliott wave analysis of EUR/JPY for July 28, 2017

Wave summary: We continue to look for the final rally towards the ideal target at 133.34. A break above the resistance at 130.77 will confirm that the final leg higher is developing. Once the 133.34 target has been tested, we should start looking for a reversal lower. That said, a break below minor support at […]

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Elliott wave analysis of EUR/NZD for July 27, 2017

Wave summary: The trading range has finally been broken. A little surprising it was broken towards the downside for a deeper correction in red wave ii/, but short-term important support at 1.5419 should continue to cap the downside for renewed strength and a break above minor resistance at 1.5729 and more importantly a break above […]

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Elliott wave analysis of EUR/JPY for July 27, 2017

Wave summary: We continue to look for a break above minor resistance at 130.77 to confirm the next part of the rally higher towards the ideal 133.34 target. Short-term minor support is seen at 129.90 which is expected to be able to protect the downside for the break above 130.77. It will, however, only be […]

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Why Stocks Don’t Take Orders from the President

http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 The stock market began to rally long before Donald Trump was elected president. What’s more, the evidence shows that the rally would have likely occurred even if another candidate had won. It boils down to the market’s price pattern – see for yourself. Learn How the Wave Principle Can Improve Your Trading

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Elliott Wave Ananlysis of EUR/NZD for July 26, 2017

Wave summary: There is absolutely nothing new to add here. The range-trading in the 1.5577-1.5899 area is continuing. We still expect a break above 1.5780 and more importantly a break above 1.5899 to be seen for a continuation higher towards 1.6236 and above. Trading recommendation: We are long EUR from 1.5510 with stop placed at […]

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Elliott Wave Ananlysis of EUR/JPY for July 26, 2017

Wave summary: EUR/JPY has failed to break lower towards 127.22, which indicates that wave v higher towards the ideal 133.46 target already is developing. Support is now seen at 129.22 and should be able to protect the downside for a break above resistance at 130.77 confirming that wave v is unfolding. Trading recommendation: Our stop+reverse […]

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3 charts, 3 forecasts, in 7 fast minutes

See just how much you can learn from three simple charts. http://www.elliottwave.com/free-Events/commodity-hotlist?tcn=ytv1703 Learn How the Wave Principle Can Improve Your Trading

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Elliott Wave Ananlysis of EUR/NZD for July 25, 2017

Wave summary: The range-trading continues here. We continue to look for a break above minor resistance at 1.5780 and more importantly a break above resistance at 1.5899 that confirms continuation higher to 1.6236 and above. Only an unexpected break below 1.5419 will delay the expected rally higher. Trading recommendation: We are long EUR from 1.5510 […]

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Elliott Wave Ananlysis of EUR/JPY for July 25, 2017

Wave summary: As long as minor resistance at 129.70 is able to cap the upside, we will continue to look for a deeper decline in wave c of iv closer to 127.22. Once this target has been tested or upon a direct break above minor resistance at 129.70 the final rally higher towards 133.46 should […]

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Stock Buybacks: “Staggering Waste of Company Cash”

http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 The evidence shows that when corporate executives initiate buyback programs of shares, the decisions are usually not born from rational analysis. The share price performance of corporations which invested in their own shares might surprise you. Learn How the Wave Principle Can Improve Your Trading

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Elliott Wave Ananlysis of EUR/NZD for July 21, 2017

Wave summary: No much to add here. We are still looking for a break above 1.5899 to confirm the next impulsive rally higher towards 1.6236 and above. As long as resistance at 1.5899 is able to cap the upside, more sideways consolidation should be expected, but no break below 1.5419 can be accepted under this […]

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Elliott Wave Ananlysis of EUR/JPY for July 21, 2017

Wave summary: The corrective structure has shifted in favor of a flat correction. Short-term, we expecte resistance at 130.77 will be able to cap the upside for a final leg lower to support at 127.22 to complete the flat correction in wave iv and then move higher towards 133.46 in wave v. Trading recommendation: Our […]

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Crude Oil Prices: Jumping on the Wrong “Freight Train”

http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 Some trends pull prices like a freight train, and jumping on the wrong one can cost you dearly. That’s why, in the Elliott wave approach, identifying the trend is paramount. Let’s look at Crude Oil prices as an example. Learn How the Wave Principle Can Improve Your Trading

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Elliott Wave Ananlysis of EUR/NZD for July 20, 2017

Wave summary: No change in view here. We countinue to look for a break above minor resistance seen at 1.5733 and more importantly above resistance at 1.5899 that will call for a continuation higher towards 1.6236 and above here too in the longer term. Only an unexpected break below support at 1.5419 will delay the […]

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Elliott Wave Ananlysis of EUR/JPY for July 20, 2017

Wave summary: No change in view here except that for a possible downside target. As the sideways consolidation in wave b drags out the likely downside target for wave c of iv, it will only make it lower to 127.22 before turning higher again in wave v towards 133.46. Trading recommendation: We are short EUR […]

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U.S. Housing: A Tell-Tale Warning Sign We’ve Seen Before

http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 A housing market measure that just surged to the highest level ever may also be a warning to home buyers. We saw a similar development 10 years ago, when the worst part of the housing market implosion was still ahead. Learn How the Wave Principle Can Improve Your Trading

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Elliott Wave Ananlysis of EUR/NZD for July 19, 2017

Wave summary: We continue to look for a break above minor resistance at 1.5899 that should provide upside acceleration towards 1.6236 and higher. Short-term support is now seen at 1.5613 and important support is seen at 1.5419, which must protect the downside. Trading recommendation: We are long EUR from 1.5510 with stop placed at 1.5410. […]

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Elliott Wave Ananlysis of EUR/JPY for July 19, 2017

Wave summary: We are still looking for a deeper correction in wave iv closer to 126.38 before the next rally higher in wave v will take over for a rally towards 133.46. Short-term resistance is seen at 129.57 which ideally will be able to cap the upside for the decline towards 126.38. Trading recommendation: We […]

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The Fed and Gold Prices: Don’t Miss the “Invisible Gorilla”

http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703GOLD and Silver are widely considered classic inflation hedges. But conventional wisdom often does not square with reality. Market observers tend to see what fits with their paradigm. This will change yours. Learn How the Wave Principle Can Improve Your Trading

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Elliott Wave Ananlysis of EUR/NZD for July 17, 2017

Wave summary: After the spike down to 1.5419, we are looking for a new rally to and above resistance at 1.5899 for a continuation to 1.6236 and even higher longer-term. Support is now seen at 1.5419 and is expected to be able to protect the downside. Trading recommendation: We are long EUR from 1.5510 with […]

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