Elliott wave analysis of EUR/JPY for December 16, 2013

Today’s Support and Resistance levels: R3: 142.15 R2: 141.93 R1: 141.73 Current Spot: 141.46 S1: 141.20 S2: 141.91 S3: 140.79 Technical summary: With the break below 142.15 we had the first strong indication, that an important top is in place at 142.83. However, we still need a break below 140.91 to confirm, that the top […]

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Elliott wave analysis of EUR/NZD for December 13, 2013

Today’s Support and Resistance levels: R3: 1.6869 R2: 1.6800 R1: 1.6735 Current Spot: 1.6707 S1: 1.6673 S2: 1.6648 S3: 1.6590 Technical summary: The price action seen over the last couple of days, has been slightly disappointing and is not really in accordance with the scenario of a series of waves one’s and two’s developing. Therefore […]

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Elliott wave analysis of EUR/JPY for December 13, 2013

Today’s Support and Resistance levels: R3: 143.88 R2: 143.22 R1: 142.81 Current Spot: 142.50 S1: 142.20 S2: 141.94 S3: 141.39 Technical summary: We have seen the expected rally towards 143.22 (the high till now has been 142.81). We are now in the very last part of the rally from 94.10. Only a break below 142.12 […]

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Elliott wave analysis of EUR/NZD for December 12, 2013

Today’s Support and Resistance levels: R3: 1.6798 R2: 1.6735 R1: 1.6689 Current Spot: 1.6655 S1: 1.6626 S2: 1.6581 S2: 1.6522 Technical summary: We did see a break above resistance at 1.6750, which confirms the uptrend. However, the following correction is deeper that would be expected. That could imply two things, that a series of waves […]

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Elliott wave analysis of EUR/JPY for December 12, 2013

Today’s Support and Resistance levels: R3: 143.22 R2: 142.78 R1: 142.34 Current Spot: 141.81 S1: 141.33 S2: 140.95 S3: 140.40 Technical summary: Support at 140.99 did more or less protect the downside as we expected. We did see a slight dip below 140.99, but it was not sustained and we are now in the final […]

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Elliott wave analysis of EUR/NZD for December 11, 2013

Today’s Support and Resistance levels: R3: 167.50 R2: 167.16 R1: 166.61 Current Spot: 1.6626 S1: 1.6584 S2: 1.6550 S3: 1.6516 Technical summary: We are still looking for green wave iii to push over resistance at 1.6750 confirming that a new powerful rally towards at least 1.7239 is developing. As long as resistance at 1.6750 stays […]

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Elliott wave analysis of EUR/JPY for December 11, 2013

Today’s Support and Resistance levels: R3: 142.82 R2: 142.17 R1: 141.69 Current Spot: 141.36 S1: 140.99 S2: 140.40 S3: 139.96 Technical summary: Ideally we will see support at 140.99 protecting the downside for a break above 141.69, confirming that the final rally higher towards 142.80 and possibly even higher towards 144.00 if the final wave […]

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Elliott wave analysis of EUR/NZD for December 10, 2013

Today’s Support and Resistance levels: R3: 1.6750 R2: 1.6688 R1: 1.6615 Current Spot: 1.6586 S1: 1.6550 S2: 1.6508 S2: 1.6470 Technical summary: We have seen the expected rally above minor resistance at 1.6556 indicating that green wave ii ended at 1.6470 and that green wave iii is developing. In the short term we would like […]

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Elliott wave analysis of EUR/JPY for December 10, 2013

Today’s Support and Resistance levels: R3: 144.00 R2: 143.60 R1: 142.38 Current Spot: 142.07 S1: 141.76 S2: 141.53 S3: 140.99 Technical summary: We are in the final stages of the rally from the 131.20 low. That said, in the short term we are looking for support at 140.99 to protect the downside for a move […]

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Elliott wave analysis of EUR/JPY for December 9, 2013

Today’s Support and Resistance levels: R3: 143.60 R2: 142.38 R1: 141.74 Current Spot: 141.07 S1: 140.82 S2: 140.37 S3: 140.00 Technical summary: With the rally above 139.60, we knew that one more new high above 140.02 was needed. However, the rally we saw was much stronger than expected. Looking at the rally from the 131.20 […]

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Elliott wave analysis of EUR/NZD for December 9, 2013

Today’s Support and Resistance levels: R3: 1.6688 R2: 1.6601 R1: 1.6556 Current Spot: 1.6521 S1: 1.6470 S2: 1.6454 S3: 1.6443 Technical summary: We did not expect an expanding flat correction to develop, but as long as important support at 1.6443 stays untouched, we will be looking for a break above 1.6556 and more importantly a […]

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Elliott Wave analysis of EUR/NZD for December 6, 2013

Today’s Support and Resistance levels: R3: 1.6775 R2: 1.6721 R1: 1.6690 Current Spot: 1.6657 S1: 1.6621 S2: 1.6598 S3: 1.6580 Technical summary: After slightly deeper correction towards 1.6522, we saw a new impulsive rally above resistance at 1.6635 and it should only be a matter of time before the next impulsive rally higher towards at least […]

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Elliott Wave analysis of EUR/JPY for December 6, 2013

Today’s Support and Resistance levels: R3: 140.69 R2: 140.02 R1: 139.61 Current Spot: 139.22 S1: 139.12 S2: 138.46 S3: 138.16 Technical summary: We did not get a resolution yesterday, as this cross traded in a narrow band between 138.46 and 139.56 all day. We are still looking for confirmation, that a major top is in […]

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Elliott Wave analysis of EUR/NZD for December 5, 2013

Today’s support and resistance levels: R3: 1.6681 R2: 1.6627 R1: 1.6592 Current spot: 1.6578 S1: 1.6535 S2: 1.6517 S3: 1.6443 Technical summary: We have seen a clear impulsive five wave rally from the 1.6443 low to 1.6635 (a little below the ideal target of 1.6658). The correction from 1.6635 could be over with the test […]

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Elliott Wave analysis of EUR/JPY for December 5, 2013

Today’s support and resistance levels: R3: 140.02 R2: 139.61 R1: 139.19 Current spot: 139.14 S1: 138.80 S2: 138.43 S3: 138.16 Technical summary: The decline from 140.02 do have some impulsiveness to it, but it is not enough to confirm that we have an important top in place at 140.02 and that a major correction in […]

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Elliott Wave analysis of EUR/JPY for December 4, 2013

Today’s Support and Resistance Levels: R3: 139.83 R2: 139.62 R1: 139.54 Current Spot: 139.36 S1: 139.18 S2: 138.93 S1: 138.69 Technical Summary: After some small stabs above the ideal target at 139.89 with a high at 140.02, we saw the expected decline and we also saw a short term break below important support at 138.97, […]

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Elliott Wave Analysis of EUR/NZD for December 4, 2013

Today’s Support and Resistance Levels: R3: 1.6658 R2: 1.6636 R1: 1.6607 Current Spot: 1.6577 S1: 1.6560 S2: 1.6540 S3: 1.6520 Technical Summary: After a quick decline to just below the ideal target at 1.6446 (the low came in at 1.6443, just 3 small pips below the ideal target) we have seen an impulsive rally. This […]

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Elliott Wave analysis of EUR/NZD for December 3, 2013

Today’s Support and Resistance Levels: R3: 1.6727 R2: 1.6664 R1: 1.6601 Current Spot: 1.6578 S1: 1.6553 S2: 1.6488 S3: 1.6446 Technical Summary: The big question here is whether we have seen the bottom of red wave ii at 1.6488 (just above the ideal target at 1.6446) or we will see minor resistance at 1.6601 protect […]

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Elliott Wave analysis of EUR/JPY for December 3, 2013

Today’s Support and Resistance Levels: R3: 141.59 R2: 140.70 R1: 139.89 Current Spot: 139.86 S1: 139.52 S2: 138.97 S3: 138.31 Technical Summary: Minor support at 138.97 did hold for the final rally higher towards the ideal target at 139.89 (the high has been 139.90). As confirmation that we have seen the top of wave v […]

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Janet Yellen Is Close to Making History in Two Ways

Janet Yellen Is Close to Making History in Two Ways Psychology appears near a major turn By Elliott Wave International Janet Yellen just moved closer to her place in history when the Senate Banking Committee approved her nomination to lead the Federal Reserve. The full Senate is expected to confirm. If so, she will be […]

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Elliott Wave Analysis of EUR/NZD for December 2, 2013

Today’s Support and Resistance Levels: R3: 1.6727 R2: 1.6680 R1: 1.6620 Current Spot: 1.6594 S1: 1.6540 S2: 1.6446 S3: 1.6353 Technical Summary: The deep correction from the 1.6843 high and break below 1.6595 confirms that green wave v and red wave i ended at 1.6843 and that red wave ii is currently correcting red wave […]

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Elliott Wave Analysis of EUR/JPY for December 2, 2013

Today’s Support and Resistance Levels: R3: 139.89 R2: 139.70 R1: 139.51 Current Spot: 139.19 S1: 138.97 – A break below this level will be the first good indication that a top is in place. S2: 138.31  S3: 137.77 Technical Summary: We are still looking for evidences  that the top of wave v of 5 could […]

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Elliott Wave Analysis of EUR/NZD for November 29, 2013

Today’s Support and Resistance Levels: R3: 1.6970 R2: 1.6890 R1: 1.6843 Current Spot: 1.6799 S1: 1.6749 S2: 1.6710 S3: 1.6637 Technical Summary: With the clear break above 1.6733, the green wave v is extending and the next target for green wave v is at 1.6970, where green wave v is 100% of the distance traveled […]

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Elliott Wave Analysis of EUR/JPY for November 29, 2013

Today’s Support and Resistance Levels: R3: 139.89 R2: 139.70 R1: 139.55 Current Spot: 139.22 S1: 138.88 S2: 138.31 – Break below this support will be the first indication of a top in place S3: 137.77 Technical Summary: With a high at 139.70 (just 19 pips below the ideal target at 139.89) we could have the […]

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Elliott Wave Analysis of EUR/NZD for November 28, 2013

Today’s Support and Resistance Levels: R3: 1.6733 R2: 1.6692 R1: 1.6642 Current Spot: 1.6620 S1: 1.6572 S2: 1.6472 S3: 1.6392 Technical Summary: There was no time for a deeper correction and we saw a direct break above resistance at 1.6636. The direct break above 1.6636 has forced us to change our count slightly, but this […]

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Elliott Wave Analysis of EUR/JPY for November 28, 2013

 Daily chart  8 hourly chart Today’s Support and Resistance Levels: R3: 139.89 R2: 139.34 R1: 138.84 Current Spot: 138.70 S1: 138.31 S2: 137.67 S3: 137.10 Technical Summary: With the break above 138.30 our ending diagonal count was invalidated. We have been back to the drawing board and has been forced to change our count slightly […]

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Elliott Wave Analysis of EUR/NZD for November 27, 2013

Today’s Support and Resistance Levels: R3: 1.6684 R2: 1.6636 R1: 1.6592 Current Spot: 1.6586 S1: 1.6521 S2: 1.6487 S3: 1.6462 Technical Summary: The wave iv correction fell short of its ideal corrective target near 1.6344 and found its bottom already at 1.6380. Wave v is developing towards 1.6739. In the short-term we are looking for […]

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Elliott Wave Analysis of EUR/JPY for November 27, 2013

Today’s Support and Resistance Levels: R3: 138.23 R2: 138.12 R1: 138.03 Current Spot: 137.92 S1: 137.60 S2: 137.10 S3: 136.60 Technical Summary: As we expected, important support at 137.02 protected the downside for a new high at 138.03. The wave structure of this last rally from 137.10 does not look complete yet, therefore we expect […]

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Elliott wave analysis of EUR/NZD for November 26, 2013

Today’s Support and Resistance levels: R3: 1.6498 R2: 1.6457 R3: 1.6412 Current Spot: 1.6382 S1: 1.6341 S2: 1.6298 S1: 1.6259 Technical summary: The correction from 1.6636 has become deeper than we expected and that opens up the case of our alternative count (see the chart below). We still prefer the bullish count we presented yesterday, […]

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Elliott wave analysis of EUR/JPY for November 26, 2013

Today’s Support and Resistance levels: R3: 138.30 R2: 137.99 R1: 137.58 Current Spot: 137.33 S1: 137.02 S2: 136.60 S3: 136.02 Technical summary: After a high at 137.99 touched yesterday, we have seen a correction towards the important support at 137.02. As long as this support protects the downside, we will be looking for one last […]

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