Wave summary: EUR/JPY continues to rally nicely and followed the expected path almost to perfection. The rally in wave iii has reached its minimum target and could be topping near 128.14 for a short-term correction close to 126.80 before higher again in wave v towards 133.34. That said, we would prefer to see wave v/ […]
http://www.elliottwave.com/Investor-Research/Asian-Pacific-Financial-Forecast-Service?tcn=ytv1703 The patterns of investor psychology are the same the world over, and have repeated throughout financial history. Let’s look at stocks in the U.S. and Japan, then and now, and see if we can find similarities. Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis – USDCAD reaches new 2024 high; […]
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 Related Posts:EUR/USD. April 15th. Bulls panic and retreat from the market April 15, 2024 The EUR/USD pair continued its downward trend on Friday, confirming…Market Comment – Iranian attacks put markets on edge, […]
Wave summary: EUR/NZD spiked lower to 1.5215 hitting our stop before taking off for real. The rally off the 1.5215 low is clearly impulsive, confirming that wave ii/ has completed and wave iii/ to above 1.6237 now is developing. Short-term, we are looking for a correction lower to 1.5475 and maybe even closer to 1.5395 […]
Wave summary: We have finally seen the expected upside acceleration confirming more upside towards 133.34 as the next major upside target. Short-term, we will be looking for a rally to 127.80, which likely will be followed by a minor correction before higher again towards 129.50 as the next minor upside target. R3: 129.50 R2: 129.10 […]
Wave summary: The corrective decline in wave ii/ will not rest and continues to make new lows keeping the correction alive. We still think a low is nearby, but only a break above minor resistance seen at 1.5504 will confirm that wave ii/ has completed and wave iii/ has taken over for a new impulsive […]
Wave summary: EUR/JPY has rallied nicely and the next hurdle to overcome is seen at 125.80 a break above this resistance, will confirm continuation higher to the next target seen at 127.00. Short-term support is now seen at 124.68 which ideally will be able to protect the downside for the expected break above 125.80. R3: […]
http://www.elliottwave.com/Investor-Research/Asian-Pacific-Financial-Forecast-Service?tcn=ytv1703 The patterns of investor psychology are the same the world over, and have repeated throughout financial history. Let’s look at stocks in the U.S. and Japan, then and now, and see if we can find similarities. Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis – USDCAD reaches new 2024 high; […]
Wave summary: We continue to look for a break above minor resistance at 1.5504 as indication that wave ii/ has completed and wave iii/ higher to above 1.6237 is developing. Short-term support is seen at 1.5279, which should to be able to protect the downside for the expected break above 1.5504 for a rally to […]
Wave summary: We continue to look for more upside towards 127.00 as the next upside target. In the short term, a break above minor resistance at 124.65 will confirm the expected rally higher towards 125.80 on the way higher to 127.00 and 133.34 as the next major upside targets. Support is now seen at 124.33 […]
http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 Learn How the Wave Principle Can Improve Your Trading Related Posts:Euro will return to parity April 12, 2024 From 1.20 to parity. The euro started 2024 from the…Technical Analysis – Could gold return above 2,000? November 6, 2023 Gold extends last week’s sideways move below 2,000 Bullish structure…
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 […]
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 […]
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 […]
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 […]
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 Related Posts:Outlook for EUR/USD on April 15. The euro is […]
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 […]
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: […]
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 […]
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 […]
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 Related Posts:Will Netflix […]
If you missed part 1, you can watch it here: https://www.youtube.com/watch?v=JnF0xpc7swU. In the meantime, 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 Related Posts:GBP/USD. April 15th. The dollar gains confidence April 15, 2024 On the hourly chart, the GBP/USD pair […]
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 […]
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 […]
Stay tuned for part 2 of this in-depth interview, which we’ll release early next week. In the meantime, 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 Related Posts:GBP/USD. April 15th. The dollar gains confidence April 15, 2024 On the hourly […]
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 […]
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 […]
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 Related […]
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 […]
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. […]
