Today’s Support and Resistance levels: R3: 1.6748 R2: 1.6713 R1: 1.6670 Current spot: 1.6623 S1: 1.6560 S2: 1.6493 S3: 1.6419 Technical summary: Black wave iii ended slightly earlier than expected 1.6792 (the high of wave iii came in at 1.6748). We are now in black wave iv, which ideally will meet support at 1.6560 for […]
Today’s Support and Resistance levels: R3: 139.23 R2: 138.66 R1: 138.24 Current spot: 137.89 S1: 137.39 S2: 136.97 S3: 136.67 Technical summary: We have finally seen a break below the base channel support line, which heralds acceleration lower. In the short term we will be looking for minor resistance at 138.32 to protect the upside […]
USD/CAD Elliott Wave Since our last analysis, the USD/CAD pair has been trading upwards, corrective wave .c (coloured black) of the wave [y] (coloured green) has been developing. According to our last forecast, we expected this commodity currency to break below the lower trend line before opening the short position, but if the price breaks […]
AUD/USD Elliott Wave The AUD/USD pair continued moving downwards yesterday, so our primary count is still valid and we are still going with an idea that wave .c (coloured black) of the bigger wave iii (coloured blue) is developing at the moment. In the 1-hour chart, we can see that the AUD/USD pair has missed […]
Today’s Support and Resistance levels: R3: 140.27 R2: 139.94 R1: 139.37 Current spot: 138.96 S1: 138.65 S2: 138.18 S2: 137.39 Technical summary: We are looking for the ongoing wave blue wave iii to start accelerating towards the downside soon. The ideal target for blue wave iii is at 136.15. In the short-term, we expect minor […]
Today’s Support and Resistance levels: R3: 1.6792 R2: 1.6763 R1: 1.6677 Current Spot: 1.6625 S1: 1.6609 S2: 1.6592 S3: 1.6561 Technical summary: The expected correction from 1.6725 became slightly deeper than expected, but we are now looking for support at 1.6592 to protect the downside for a break above minor resistance at 1.6677, which confirms […]
If Inspector Gadget or Maxwell Smart had lived in the digital age, their bosses would have used the smartphone app Snapchat to deliver their secret missions. Snapchat is a popular app with about 8 million users that lets your smartphone send a photo that self-destructs seconds after your recipient views it. As of September 2013, […]
USD/CAD Elliott Wave For the last few sessions, the USD/CAD pair has started to go lower, corrective wave [x] (coloured green) or wave [i] (coloured green) has started developing. In the USD/CAD 1-hour chart we can observe a descending movement from the 1.1198 level, possible end of the [y] wave (coloured green), and we are […]
AUD/USD Elliott Wave Since our last forecast, the AUD/USD pair has been trading upwards, we are still tracking wave iii (coloured blue) of the bigger wave (v) (colorued red) as the best possible structure, but we are going to discuss an alternate count since we are close to our invalidation levels today. In the AUD/USD […]
Today’s Support and Resistance levels: R3: 1.6792 R2: 1.6763 R1: 1.6722 Current Spot: 1.6705 S1: 1.6660 S2: 1.6622 S3: 1.6592 Technical summary: After an unexpected minor detour towards 1.6425 before we finally saw the expected red wave v rally higher towards 1.6792. Short term we expect a minor correction towards 1.6660 before the final rally […]
Today’s Support and Resistance Levels: R3: 140.40 R2: 140.15 R1: 139.94 Current Spot: 139.72 S1: 139.39 S2: 139.04 S3: 138.43 Technical summary: As we expected the extended blue wave ii correction had ended and blue wave iii lower towards 136.15 is developing. Blue wave ii ended at 141.26 and following decline is clearly impulsive in […]
Today’s Support and Resistance levels: R3: 1.6632 R2: 1.6568 R1: 1.6524 Current spot: 1.6504 S1: 1.6452 S2: 1.6434 S3: 1.6385 Technical summary: It finally looks as red wave iv has ended slightly below our ideal target at 1.6463 (the low has been at 1.6452). In the short term we will be looking for a break […]
USD/CAD Elliott Wave Since our last analysis the USD/CAD pair has extend upward movements, just like we expected, corrective wave (c) (coloured red) of the bigger wave [y] (coloured green) has been developing. In the 1-hour chart we can see that we are tracking ascending movements from the 1.0588 towards the 1.1175 level as the corrective wave [y] […]
AUD/USD Elliott Wave For the last few days, the AUD/USD pair has bee trading upwards in a corrective pattern, wave .b (coloured black) of the bigger wave (iii) (coloured blue) has been developing. Yesterday, this upward move just extend toward the new high at 0.8825 that we are currently calling the end of the .b […]
Today’s Support and Resistance levels: R3: 142.42 R2: 141.80 R1: 141.36 Current spot: 141.16 S1: 140.77 S2: 140.29 S3: 139.79 Technical summary: The correction from 139.15 has extended as it has turned into a triple zig-zag correction, but we should be very close to the end of the correction. We expect the correction (blue wave […]
The global market outlook is far less rosy than the so-called experts would have you believe. Global stocks have set record highs, yet sentiment readings have hit off-the-charts extremes. Gold, silver and bonds are in multi-year bear markets. Investors in major markets around the world are exposing their money to unprecedented (and mostly unknown) risks. […]
USD/CAD Elliott Wave Since our last analyses the USD/CAD pair has continued trading upwards, just like we expected, impulsive wave v (coloured blue) of the bigger wave (c) (coloured red) has been developing. In the 1-Hour chart of the USD/CAD pair we can see that move from the 1.1030 is showing a three sub-waves a-b-c, and that […]
AUD/USD Elliott Wave Since our last analysis the AUD/USD pair has been trading upwards, corrective wave .b (coloured black) of the bigger wave (iii) (coloured blue) has been developing. In the 1-Hour chart we can see that the AUD/USD pair is pushing higher from 0.8656 in the corrective pattern, and while price stays below 0.8886 we can […]
Today’s Support and Resistance levels: R3: 1.6643 R2: 1.6599 R1: 1.6558 Current spot: 1.6491 S1: 1.6492 S2: 1.6463 S3: 1.6410 Technical summary: We have seen the expected decline towards support at 1.6492 to finish the flat correction, which has developed the last couple of days. Once this flat correction is finished, we should expect a […]
Today’s Support and Resistance levels: R3: 141.43 R2: 141.03 R1: 140.70 Current Spot: 140.44 S1: 140.12 S2: 139.68 S3: 139.15 Technical summary: As expected the resistance in the 140.50 – 140.78 (the high has been 140.70) protected the upside, but we still need a break below support at 139.68 to confirm that a top is […]
USD/CAD Elliott Wave Last week, the USD/CAD pair has been trading upwards, corrective wave (c) (coloured red) of the bigger wave [y] (coloured green) has been developing. In the 1-hour chart of this commodity pair, we can see that price has found the resistance at 1.1172 and after that we can see the corrective move […]
AUD/USD Elliott Wave For the last couple of days, the AUD/USD pair has been trading downward, impulsive wave (v) (coloured red) of the bigger wave 1 (coloured blue) has been developing. In the 4-hour chart of this major pair, we can see that the move from the 0.9087 level (end of the (iv) wave) has […]
Today’s Support and Resistance levels: R3: 1.6752 R2: 1.6690 R1: 1.6629 Current spot: 1.6600 S1: 1.6564 S2: 1.6516 S1: 1.6492 Technical summary: We have seen the expected correction into the correction area of 1.6462 – 1.6493 with a low at 1.6492. It looks as the ongoing red wave iv correction is a flat correction; therefore, […]
Today’s Support and Resistance levels: R3: 141.17 R2: 140.78 R1: 140.50 Current spot: 140.45 S1: 140.12 S2: 139.68 S3: 139.15 Technical summary: The expected decline is developing nicely. In the short term we expect resistance in the 140.50 – 140.78 area to protect the upside for a break below minor support at 140.40 and more […]
On January 24, the DJIA, S&P and NASDAQ all lost close to two percent. On a day like that, it’s worth talking about the one indicator they don’t often mention on financial networks – namely, market sentiment. When is the best time to get out of the stock market? When everyone else is invested and […]
Today’s Support and Resistance Levels: R3: 1.6829 R2: 1.6760 R1: 1.6709 Current Spot: 1.6668 S1: 1.6598 S2: 1.6528 S3: 1.6493 Technical summary: The unexpected break above important resistance at 1.6499 is a total game changer here. The bearish picture we have been describing over the last month has worked pretty well until yesterday’s break above […]
Today’s Support and Resistance levels: R3: 141.43 R2: 141.03 R1: 140.74 Current spot: 140.45 S1: 139.59 S2: 138.61 S3: 137.99 Technical summary: The red wave ii correction ended slightly before the ideal target at 142.64 (the high came in at 142.42). The powerful decline that followed the high at 142.42 confirms that red wave iii […]
Today’s Support and Resistance levels: R3: 1.6499 R2: 1.6469 R1: 1.6438 Current spot: 1.6428 S1: 1.6392 S2: 1.6358 S3: 1.6320 Technical summary: The corrective cycle from 1.6238 has become more complex than firstly expected. We do however think that a top is close and the next impulsive decline ready to take over again. However, to […]
He created these charts – which cover markets like the S&P 500, NASDAQ, gold, and mutual funds – to explain where financial markets have been and where they are headed. These are not your typical price charts. They combine history and patterns to tell the story clearly, all from his distinctly different point of view. […]
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