• Elliott wave analysis of EUR/NZD for June 23, 2017

    Wave summary: Not much to add here. EUR/NZD is trying to bottom in wave ii/, but a break above minor resistance at 1.5564 remains needed to confirm that wave ii/ has completed and wave iii/ higher to above 1.6237 is developing. As long as resistance at 1.5564 is able to cap the upside, we will […]

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  • Elliott wave analysis of EUR/JPY for June 23, 2017

    Wave summary: We are still looking for a break above 124.46 to confirm the next impulsive rally higher towards at least 127.00 and possibly even closer to 129.10 in wave iii. Short-term support is seen at 123.99 and again at 123.79. Ideally the later will be able to protect the downside for the expected break […]

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  • Elliott wave analysis of EUR/NZD for June 22, 2017

    Wave summary: The resistance line from 1.6232 is finally being broken indicating a corrective low likely is in place with the test of 1.5296. That said, we still need a break above minor resistance at 1.5564 to confirm that the corrective low in wave ii/ is in place and wave iii/ to above 1.6232 now […]

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  • Elliott wave analysis of EUR/JPY for June 22, 2017

    Wave summary: Wave c of the expanded flat wave ii completed at 123.62, just above the expected 123.43 target. This means wave iii now should be developing for a rally towards 133.34 over the coming weeks. Short-term, support at 123.62 should be able to protect the downside for a break above minor resistance at 124.46 […]

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  • Debt Crisis 2.0: How the Pieces are Falling into Place

    http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 As the amount of household debt rises, so does the risk of another financial crisis. A new milestone has been reached in the U.S. But a chart shows that the dangers of debt are global. Learn How the Wave Principle Can Improve Your Trading

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  • Elliott wave analysis of EUR/NZD for June 21, 2017

    Wave summary: Wave ii/ is still holding below the resistance line, which has moved lower to 1.5446 and a break above here will be the first good indication that wave ii/ finally has completed and wave iii/ higher to above 1.6232 is developing. A break above resistance at 1.5564 will confirm the low in wave […]

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  • Elliott wave analysis of EUR/JPY for June 21, 2017

    Wave summary: The expanded flat correction in wave ii is unfolding as expected. Wave b did not make quite as high as expected and peaked at 124.65 before turning lower in wave c to 123.43 to complete wave ii and set the stage for the next strong rally higher in wave iii towards 133.34. R3: […]

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

    Wave summary: We are still looking for a break above the resistance line near 1.5466 and more importantly, a break above resistance at 1.5567 as confirmation that wave ii has completed and wave iii higher towards 1.6237 and above is developing. R3: 1.5567 R2: 1.5481 R1: 1.5466 Pivot: 1.5450 S1: 1.5405 S2: 1.5381 S3: 1.5350 […]

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

    Wave summary: The rally of 123.78 is in no way convincing and does look to be the b-wave of an expanded flat correction, This means wave c lower to 123.43 soon will be seen. A break below minor support at 124.20 will indicate wave c of ii lower to 123.43 is developing. Once this expanded […]

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  • How Applying “Cause and Effect” Ideas to the Stock Market Can Cost You

    http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 Sir Isaac Newton famously said that “for every action, there is an equal and opposite re-action.” But does this “law of motion” apply to finance? Many investors believe so, but the evidence shows that economic news does not affect the stock market. Learn How the Wave Principle Can Improve Your Trading

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

    Wave summary: The corrective decline in wave ii/ will not loosen its grip and it has now spiked below support at 1.5423, this opens for more downside pressure towards 1.5261 as long as the resistance line near 1.5500 and more importantly as long minor resistance at 1.5564 is able to cap the upside. However, a […]

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  • Elliott wave analysis of EUR/JPY for June 19, 2017

    Wave summary: EUR/JPY has rallied nicely and in a clear impulsive character indicating more upside pressure to come. That said, short-term we might need a deeper correction from 124.46 closer to the 123.17 – 123.45 area before the next impulsive upswing towards 125.82 and above. R3: 125.10 R2: 124.71 R1: 124.46 Pivot: 124.00 S1: 123.99 […]

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  • Elliott wave analysis of EUR/NZD for June 16, 2017

    Wave summary: Our preferred count remains that a low likely was seen with the test of 1.5370 and wave iii/ higher is ready to develop. That said, we need a break above the resistance line near 1.5532 to confirm that wave ii/ has completed and wave iii/ higher to above 1.6237 is developing. Until the […]

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  • Elliott wave analysis of EUR/JPY for June 16, 2017

    Wave summary: EUR/JPY took out support at 122.53 for a dip to 122.37. This minor break below 122.53 was enough to change the corrective pattern unfolding from 125.82. Instead of a triangle consolidation, the corrective pattern has turned into a flat correction with wave B complete with the test of 122.37 and wave C higher […]

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  • New Evidence that Oil Prices Follow the Elliott Wave Model

    http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 On June 14, the price of U.S. Oil fell below $45 a barrel, and some are blaming the slide on oversupply. But, is that the real reason? See how the Elliott wave model has been highly useful in staying ahead of oil’s trend turns. Learn How the Wave Principle Can Improve Your Trading

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  • Elliott wave analysis of EUR/NZD for June 15, 2017

    Wave summary: The corrective decline from 1.6237 extended lower to 1.5369, which did not come as a major surprise due to the lack of upside momentum. That said, the final decline to 1.5369 was followed by a clear lack of downside momentum indicating that the final corrective low likely have been seen. To confirm that […]

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  • Elliott wave analysis of EUR/JPY for June 15, 2017

    Wave summary: Important support at 122.53 should continue to protect the downside for a break above minor resistance seen at 123.64 for the expected rally higher to 124.62 to complete wave d of the triangle consolidation. Only an unexpected break below 122.53 will extend the decline from 125.82 lower to 121.63 in new corrective pattern. […]

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  • Elliott wave analysis of EUR/NZD for June 14, 2017

    Wave summary: We are looking for a corrective low near 1.5439 for a break above minor resistance at 1.5633 and more importantly a break above 1.5720 that confirms the corrective low is in place for the next impulsive rally higher in wave iii/ towards 1.6655. As long as minor resistance at 1.5633 is able to […]

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  • Elliott wave analysis of EUR/JPY for June 14, 2017

    Wave summary: Not really much to add here. The triangle consolidation remains the preferred outlook. We continue to look for wave d closer to 134.62 before the final dip lower in wave e to complete the triangle consolidation, setting the stage for renewed upside pressure towards 134.58 and likely even closer to 138.52. Only an […]

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  • What impact does terrorism have on the stock market?

    Get a Free Email Newsletter Filled with Socionomics Updates and Content: http://club.socionomics.net/ezine/signup.aspx?tcn=1706TI Learn How the Wave Principle Can Improve Your Trading

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  • Elliott wave analysis of EUR/NZD for June 13, 2017

    Wave summary: We continue to look for confirmation that the corrective decline from 1.6237 has completed. The first strong indication will be a break above the resistance line seen at 1.5636, while a break above resistance at 1.5720 will add confidence in wave iii/ developing towards 1.6655. R3: 1.5931 R2: 1.5720 R1: 1.5636 Pivot: 1.5600 […]

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  • Elliott wave analysis of EUR/JPY for June 13, 2017

    Wave summary: No change in view here. We are still looking for more upside in wave d closer to 134.62 before a final dip in wave e will be expected to complete the triangle consolidation and set the stage for the next rally higher to at least 134.58 and likely even closer to 138.52. Only […]

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  • Municipal Bonds: Still “on Track for a Train Wreck”

    http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 The head of credit research for a municipal-bond management firm just commented: “We haven’t seen this in a modern state before.” He was talking about Illinois’ deep fiscal trouble. Look at the eye-brow-raising credit spread. Learn How the Wave Principle Can Improve Your Trading

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  • Elliott wave analysis of EUR/NZD for June 12, 2017

    Wave summary: We continue to look for confirmation that the wave ii has completed in form of a break above the resistance line near 1.5685 and more importantly a break above resistance at 1.5720. Once this resistance is broken, renewed upside pressure will be expected towards 1.6002 on the way higher to 1.6655. R3: 1.5931 […]

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  • Elliott wave analysis of EUR/JPY for June 12, 2017

    Wave summary: The outlook has not been changed. We are still looking for the wave d of the triangle consolidation to move closer to the resistance at 124.62 before turning lower in wave e to complete the triangle consolidation and set the stage for a new impulsive rally towards at least 134.48 and likely even […]

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  • Gold Prices: Pullback Ahead?

    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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