Elliott Wave Analysis of EUR/NZD for January 23, 2014

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 […]

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Elliott Wave Analysis of EUR/JPY for January 23, 2014

Today’s Support and Resistance levels: R3: 142.90 R2: 142.64 R1: 142.42 Current spot: 142.17 S1: 141.88 S2: 141.46 S3: 141.03 Technical summary: The failure to break below 140.92 followed by a break above 141.85 is quite a surprise and has opened up for a much more complex correction. We will look for resistance at 142.64, […]

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Elliott Wave Analysis of USD/CAD for January 23, 2014

USD/CAD Elliott WaveВ  For the last couple of days, the USD/CAD pair has been trading upward, just like we expected, impulsiveВ wave iii (coloured blue) of the bigger wave (c) (coloured red) has been developing. In the 1-hour chartВ of the USD/CAD pair we can see that the strong ascending movements from 1.0951 represent impulsive waveВ iii (coloured […]

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Elliott Wave Analysis of AUD/USD for January 23, 2014

AUD/USD Elliott Wave Since our last analyses the AUD/USD pair has been trading upward, corrective wave ii (coloured blue)has completed the cycle from 0.8755 at the 0.8887 level, and we should see more downward movements inthis iii wave that is currently developing. In the 1-hour chart we can see that after the flat patternin the […]

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Commodities Falling Despite QE: What Does That Mean?

Robert Prechter: “Charts tell the truth. Let’s look at some charts.” By Elliott Wave International During QE3, the latest round of the Fed’s quantitative easing, the stock market rose. We all know that. But did you also know that commodities fell? That’s right: QE3 had zero effect on commodities — or maybe even a negative […]

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Elliott Wave Analysis of EUR/JPY for January 22, 2014

Today’s Support and Resistance levels: R3: 141.77 R2: 141.49 R1: 141.29 Current spot: 141.25 S1: 140.92 S2: 140.60 S3: 140.32 Technical summary: With the break below support at 141.34 we knew that red wave ii was in place at 141.85 (just below the ideal target at 141.92). In the short term we will be looking […]

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Elliott Wave Analysis of EUR/NZD for January 22, 2014

Today’s Support and Resistance levels: R3: 1.6334 R2: 1.6307 R1: 1.6284 Current spot: 1.6263 S1: 1.6238 S2: 1.6190 S3: 1.6129 Technical summary: The correction we expected to end at 1.6310 became slightly more complex and ended at 1.6334. However, in the short term we are looking for minor resistance at 1.6284 to protect the upside […]

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Elliott Wave Analysis of AUD/USD for January 21, 2014

AUD/USD Elliott Wave Since our last analyses the AUD/USD pair has continued trading upwards, corrective wave ii (coloured blue) ofthe bigger wave (v) (coloured red) has been developing. In the 1-hour chart we can see that the price was pushed towards the 0.8837 level yesterday, this move look corrective and that is why weare going […]

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Elliott Wave Analysis of USD/CAD for January 21, 2014

USD/CAD Elliott WaveВ  The USD/CAD pair has reached invalidation level in the early London session, we have slightly adjusted our waveВ count to get new fresh signal for this pair. In the 1-hour chart, we can see that we are looking at the waveВ (b) (coloured red) as already complete cycle at 1.0841 level, now while this […]

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Elliott Wave Analysis of EUR/JPY for January 21, 2014

Today’s Support and Resistance levels: R3: 142.35 R2: 142.15 R1: 141.92 Current spot: 141.70 S1: 141.52 S2: 141.38 S3: 140.92 Technical summary: We are now at the expected resistance levels we set out yesterday. In the short-term we could still see the test of resistance at 141.92, as long as support at 141.52 and more […]

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Elliott Wave Analysis of EUR/NZD for January 21, 2014

Today’s Support and Resistance levels: R3: 1.6355 R2: 1.6333 R1: 1.6316 Current spot: 1.6303 S1: 1.6283 S2: 1.6249 S3: 1.6214 Technical summary: With the break below 1.6403, we got the confirmation needed that the next impulsive decline towards 1.6129 and maybe even lower towards 1.6049 is developing. In the short-term we will ideally see resistance […]

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Elliott Wave Analysis of EUR/NZD for January 20, 2014

Today’s Support and Resistance levels: R3: 1.6594 R2: 1.6521 R1: 1.6499 Current spot: 1.6419 S1: 1.6403 S2: 1.6359 S3: 1.6324 Technical summary: The correction from 1.6214 has become a more complex double zig-zag correction, with the first zig-zag (w) from 1.6214 to 1.6417 followed by an x-wave down to 1.6272 and then the second zig-zag […]

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Elliott Wave Analysis of EUR/JPY for January 20, 2014

Today’s Support and Resistance levels: R3: 141.91 R2: 141.61 R1: 141.37 Current Spot: 141.32 S1: 141.04 S2: 140.90 S3: 140.60. We now have seen a five wave decline from 145.69 down to 140.49 followed by a three wave rise to 142.91 and from 142.91 a new five wave decline. All this confirms that an important […]

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Elliott Wave Analysis of USD/CAD for January 20, 2014

USD/CAD Elliott Wave After a strong upward movements in the early January, the USD/CAD pair traded sideways last week.You can see on the 1-hour chart above that we are tracking this sideways movements from the 1.0991 level asthe flat correction that currently have two waves completed, we are going to look for one more push […]

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Elliott Wave Analysis of AUD/USD for January 20, 2014

AUD/USD Elliott Wave Last week, the AUD/USD pair has been trading downwards, impulsive wave i (coloured blue) of the bigger wave (v)(coloured red) has been developing. In the 1-hour chart you can see that AUD/USD descending move from 0.9083towards 0.8756 level looks as completed cycle, we are seeing price around 0.8805 at the moment and […]

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Happy 100th Birthday, Fed

Happy 100th Birthday, Fed Excerpted from Elliott Wave International’s market analysis By Elliott Wave International On December 23, the U.S. Federal Reserve celebrated its 100th birthday. When legislation creating its existence was signed on December 23, 1913 (in a sneaky move during a holiday week), Congress granted the Fed a monopoly on creating dollars backed […]

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The Best of 2013: Seven Classic Elliott Wave Trade Setups You’ll See Again in 2014

The Best of 2013: Seven Classic Elliott Wave Trade Setups You’ll See Again in 2014 We have hand-picked for you seven of the best trade set-ups of 2013 that are bound to be repeated in 2014. Here is one of seven By Elliott Wave International The best thing about Elliott wave patterns? Easy: They repeat. […]

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Elliott Wave Analysis of USD/CAD for January 17, 2014

USD/CAD Elliott Wave For the last few days, the USD/CAD pair has been trading downwards, corrective wave (b) (coloured red) of thebigger wave [y] (coloured green) has been developing. In the 1-hour chart above, you can see that we are trackingdownward move from 1.0990 as FLAT correction inside wave (b) (coloured red). While the price […]

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Elliott Wave Analysis of AUD/USD for January 17, 2014

AUD/USD Elliott Wave Since our last analyses the AUD/USD pair has been trading upwards, corrective wave ii (coloured blue) of thebigger wave (v) (coloured red) has started developing. In the 1-hour chart of the AUD/USD pair we can see that the price is pushing higher from 0.8776, and while the price stays above the 0.8750 […]

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Elliott Wave Analysis of EUR/JPY for January 17, 2014

Today’s Support and Resistance levels: R3: 142.71 R2: 142.40 R1: 142.16 Current Spot: 141.97 S1: 141.84 S2: 141.53 S3: 141.39 Technical summary: It seems that wave ii ended just below our expected target between 143.09 – 143.17 as the top has been at 142.91. If the powerful wave iii has taken over we should see […]

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Elliott Wave Analysis of USD/CAD for January 16, 2014

USD/CAD Elliott WaveВ  Since our last forecast, the USD/CAD has continued trading downward, just like weВ expected,В correctiveВ wave (b) (coloured red) of the bigger wave [y] (coloured green) hasВ been developing. In the 1-hour chart you can see that we are trackingВ descendingВ moveВ from 1.0991 toward 1.0918 as corrective wave a of the bigger wave (b), and while priceВ stay below […]

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Elliott Wave Analysis of AUD/USD for January 16, 2014

AUD/USD Elliott Wave The AUD/USD pair continued trading downwards yesterday, wave i (coloured blue) of thebigger wave (v) (coloured red) was developing. In the 1-hour chart above you cansee that we are looking at the downward move from the 0.9085 level, as the first extendedwave of the final (v) wave, RSI is showing divergence and […]

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Elliott Wave analysis of EUR/NZD for January 16, 2014

Today’s Support and Resistance levels: R3: 1.6435 R2: 1.6405 R1: 1.6385 Current Spot: 1.6354 S1: 1.6339 S2: 1.6298 S3: 1.6262 Technical summary: The wave (iv) correction we where looking for is unfolding nicely. We expect support at 1.6340 to protect the downside for the last rally higher towards the 1.6405 -1.6415 area, before wave (v) […]

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Elliott Wave analysis of EUR/JPY for January 16, 2014

Today’s Support and Resistance levels: R3: 143.52 R2: 143.09 R1: 142.85 Current Spot: 142.66 S1: 142.35 S2: 141.79 S3: 141.48 Technical summary: The wave ii correction, we expected, is unfolding nicely and we will be looking for resistance in the 143.09 – 143.17 area to halt the correction and turn prices down in wave iii. […]

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Elliott Wave analysis of USD/CAD for January 15, 2014

USD/CAD Elliott WaveВ  Since our last analysis the USD/CAD pair has been trading upwards, impulsive wave v (colored blue) ofВ the bigger wave (a) (colored red) has been developing. In the 1-hour chart of the USD/CAD pair you canВ see that the (a definite article is needed) price found support around 1.0842, where wave iv (coloured blue) […]

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Elliott Wave analysis of AUD/USD for January 15, 2014

AUD/USD Elliott WaveВ  After a few weeks in a choppy upward move, the AUD/USD pair moved lower yesterday, impulsive waveВ i (coloured blue) of the bigger wave (v) (coloured red) was developing. Yesterday’sВ descending movements from 0.9085 toward 0.8927 look impulsive, and that is why we are going with idea thatВ corrective wave (iv) (coloured red) is already […]

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Elliott Wave Analysis of EUR/JPY for January 15, 2014

Today’s Support and Resistance levels: R3: 143.09 R2: 142.84 R3: 142.54 Current Spot: 142.33 S1: 142.19 S2: 142.04 S3: 141.92 Technical summary: The clear break above 141.49 and more importantly the break above 142.04 has forced us to recount the decline from 145.69. Instead of black wave i ending at 141.49 we have moved the […]

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Elliott Wave analysis of EUR/NZD for January 15, 2014

Today’s Support and Resistance levels: R3: 1.6522 R2: 1.6449 R1: 1.6359 Current spot: 1.6345 S1: 1.6331 S2: 1.6298 S3: 1.6256 Technical summary: We saw the expected decline closer to 1.6223 (the low has been 1.6214) followed by a correction higher. We expect resistance at 1.6369 will protect the upside for a break below 1.6331 calling […]

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Elliott Wave analysis of EUR/NZD for January 14, 2014

Today’s Support and Resistance levels: R3: 1.6403 R2: 1.6363 R1: 1.6340 Current spot: 1.6310 S1: 1.6268 S2: 1.6223 S3: 1.6187 Technical summary: Red wave v extended its decline, but after one more new low closer to 1.6223 we should see a correction higher to just below resistance at 1.6575. Looking at the larger picture, we […]

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Elliott Wave analysis of EUR/JPY for January 14, 2014

Today’s Support and Resistance levels: R3: 142.02 R2: 141.78 R1: 141.49 Current spot: 141.31 S1: 141.09 S2: 140.79 S3: 140.49 Technical summary: We are clearly in wave iii lower and should see resistance at 141.49 protect the upside for the next decline lower towards 139.89. Looking at the larger picture (please see the chart below), […]

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