Today’s Support and Resistance levels: R3: 1.6740 R2: 1.6685 R1: 1.6618 Current Spot: 1.6591 S1: 1.6544 S2: 1.6498 S2: 1.6455 Technical summary: We have reached our target area between 1.6608 and 1.6618 (as the high we have seen at 1.6615). We are now looking for a break below 1.6544 to indicate that wave i […]
Today’s Support and Resistance levels: R3: 134.79 R2: 134.52 R1: 134.31 Current Spot: 134.16 S1: 133.89 S2: 133.60 – Important short term support. S3: 133.33 Technical summary: We continue to expect that the short-term minor support at 133.89 will protect the downside for a break above 134.31 and more importantly a break above 134.52, which […]
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Today’s Support and Resistance levels: R3: 1.6740 R2: 1.6685 R1: 1.6608 – Likely target for wave i of the new impulsive uptrend Current Spot: 1.6578 S1: 1.6518 S2: 1.6475 S3: 1.6397 Technical summary: With a clear break above 1.6518 all doubts about this rally have been removed. A new impulsive rally is clearly developing. […]
Today’s Support and Resistance levels: R3: 135.76 R2: 135.50 R1: 134.79 Current Spot: 134.26 S1: 133.89 S2: 133.60 S3: 133.33 Technical summary: After a scary deep correction to 133.60 (100% of green wave i) yesterday we are looking for a new impulsive rally to develop. In the short term we expect minor support at 133.89 […]
Today’s Support and Resistance levels: R3: 135.76 R2: 135.32 R1: 135.05 Current Spot: 134.78 S1: 134.55 S2: 134.31 S1: 134.10 Technical summary: We finally saw some acceleration higher as wave iii is getting under way. That said, we expect even more acceleration higher and once we clear 136.00, this wave iii should really take off. […]
Today’s Support and Resistance levels: R3: 1.6406 R2: 1.6356 R1: 1.6300 Current Spot: 1.6297 S1: 1.6265 S2: 1.6230 S3: 1.6196 Technical summary: We have seen an unexpected rally above important resistance at 1.6233, which tells us, that blue wave v became the fifth wave failure (no new low was seen), that also means that we […]
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Today’s Support and Resistance levels: R3: 1.6263 R2: 1.6233 R1: 1.6211 Current Spot: 1.6177 S1: 1.6120 S2: 1.6057 S3: 1.6017 Technical summary: With a break above the minor resistance at 1.6136, we knew that blue wave iv would extend higher towards 1.6183 and possibly even to 1.6211, before blue wave v would be ready to […]
Today’s Support and Resistance levels: R3: 135.76 R2: 134.95 R1: 134.50 Current Spot: 134.38 S1: 134.18 S2: 133.60 S3: 133.33 Technical summary: We keep gaining ground, but we still in lack of acceleration towards the upside, which we normally expect during wave iii, but then we are still only in the early stages of wave […]
Today’s Support and Resistance levels: R3: 1.6233 R2: 1.6173 R1: 1.6136 Current Spot: 1.6104 S1: 1.6081 S2: 1.6057 S3: 1.6017 Technical summary: Ideally, we will now see the minor resistance at 1.6136 protects the upside for a break below the minor support at 1.6081, and more importantly a break below 1.6057, which confirms a […]
Today’s Support and Resistance levels: R3: 135.05 R2: 134.55 R1: 134.18 Current Spot: 133.97 S1: 133.60 S2: 133.33 S3: 132.96 Technical summary: With a break below the short-term support at 133.84, we have seen a correction lower to 133.60, but we could still see a slightly deeper correction towards 133.57 and maybe even to 133.33, […]
Today’s Support and Resistance levels: R3: 1.6263 R2: 1.6233 R1: 1.6183 Current Spot: 1.6149 S1: 1.6115 S2: 1.6068 S3: 1.6017 Technical summary: The break above minor resistance has extended the consolidation from 1.6017 higher to 1.6173. As long as the minor support at 1.6131 and more important as support at 1.6115 holds firm, we could […]
Today’s Support and Resistance levels: R3: 135.05 R2: 134.55 R1: 134.10 Current Spot: 133.86 S1: 133.84 S2: 133.57 S1: 133.30 Technical summary: We have seen the expected move higher, but no acceleration, which does worry. However, as long as the minor support at 133.84 and more importantly as long as the support at 133.57 protects […]
Today’s Support and Resistance levels: R3: 134.55 R2: 134.07 R1: 133.84 Current Spot:133.65 S1: 133.53 S2: 133.24 S3: 132.96 Technical summary: With the direct break above resistance at 133.63 we most likely had the confirmation we needed that red wave ii ended already with the test of 132.61 and red wave iii is unfolding. Short-term […]
Today’s Support and Resistance levels: R3: 1.6239 R2: 1.6183 R1: 1.6136 Current Spot: 1.6068 S1: 1.6017 S2: 1.5945 S3: 1.5872 Technical summary: We have seen the expected decline towards 1.6018 (the low has been at 1.6017). After a minor consolidation in the 1.6017 – 1.6136 area, we should see the next decline towards 1.5945 and […]
Today’s Support and Resistance levels: R3: 1.6239 R2: 1.6193 R1: 1.6149 Current Spot: 1.6107 S1: 1.6068 S2: 1.6036 S3: 1.5996 Technical summary: With the break below the support at 1.6072 the last piece of doubt for the new more bearish count was eliminated. In the short term we are now looking for minor resistance at […]
Today’s Support and Resistance levels: R3: 133.83 R2: 133.63 R1: 133.33 Current Spot: 133.16 S1: 132.96 S2: 132.61 S1: 132.15 – 61.8% retracement of red wave i most likely target for red wave ii. Technical summary: With the early break below important support at 133.35, we knew that we had already ended red wave i […]
Today’s Support and Resistance levels: R3: 1.6274 R2: 1.6238 R1: 1.6198 Current Spot: 1.6161 S1: 1.6117 S2: 1.6071 S3: 1.6024 Technical summary: The sideways consolidation was finally resolved with a break below the support at 1.6219. The break below important support at 1.6219 has triggered a S/H/S formation calling for a continuation lower towards […]
Today’s Support and Resistance levels: R3: 134.59 R2: 134.30 R1: 134.00 – Ideal target for red wave v Current Spot: 133.59 S1: 133.35 – Important support. A break below here indicates that wave i of iii is done. S2: 133.03 S3: 132.79 Technical summary Red wave iv ended early and only corrected 23.6% of […]
Today’s Support and Resistance levels: R3: 1.6406 R2: 1.6356 R1: 1.6314 Current Spot: 1.6278 S1: 1.6272 S2: 1.6219 S3: 1.6173 Technical summary: Important support at 162.19 has been tested and held firm, which leaves us lock inside this messy sideways consolidation. Have we begun a new impulsive rally higher from the 1.6071 low or was […]
Today’s Support and Resistance levels: R3: 134.50 R2: 133.98 R1: 133.54 Current Spot: 133.31 S1: 133.04 S2: 132.70 S3: 132.42 Technical summary: Red wave iii ended just 9 small pips below the ideal wave iii target at 133.69, and we are currently looking for a decline to the 132.42 – 432.70 support zone for red […]
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Today’s support and resistance levels: R3: 128.81 R2: 128.17 R1: 127.42 Current Spot: 126.67 S1: 126.22 S2: 125.50 S3: 124.96 Technical overview: We are looking for a decline in wave 2 towards the ideal target at 118.73. Since the top of wave 1 at 133.81 we have seen a zigzag correction as wave-w interrupted by […]
Today’s Support and Resistance levels: R3: 130.88 R2: 130.36 R1: 129.98 Current Spot: 129.52 S1: 129.18 S2: 128.58 S3: 128.21 Technical overview: With a low at 126.11 we saw a very slight break below our target at 126.15, but the following rally has broken above the bottom of wave i at 129.41 and, therefore it […]
Today’s Support and Resistance levels: R3: 1.6961 R2: 1.6921 R1: 1.6881 Current Spot: 1.6837 S1: 1.6781 S2: 1.6726 S3: 1.6678 Technical overview: The wave 3 rally just keeps moving higher and higher. It is most likely we have ended green wave v and blue wave iii at 1.6687 and after a very small and brief […]
Today’s support and resistance levels: R3: 133.54 R2: 132.95 R1: 132.40 Current spot: 132.20 S1: 131.84 S2: 131.57 S3: 131.29 Technical overview: We are still headed for resistance near 133.59 in the short term, where we will likely find the top of wave iii of 5 and after a brief correction in wave iv down […]
Today’s support and resistance levels: R3: 1.5834 R2: 1.5773 R1: 1.5742 Current spot: 1.5709 S1: 1.5680 S2: 1.5648 S3: 1.5600 Technical overview: Red wave iii of iii is progressing nicely, but we would still like to see some real acceleration through the base channel resistance line to confirm that wave iii will extend. In the […]
USD/CAD Elliott Wave Last week the USD/CAD pair has finished development of the impulsive wave (5) (coloured blue) and we could observe ascending movement for the start of the wave (A) (coloured blue). During the Friday’s Asian and European sessions we could observe ascending movement from 1.0063 towards the 1.0099 level. Therefore, during the New […]
