Wave summary: We continue to look for a dip below support seen at 1.5588, ideally closer to 1.5537, to complete the expanded flat correction and setting the stage for a new impulsive rally in wave iii/ towards 1.6655. Short term, a break above minor resistance seen at 1.5869 and more importantly a break above resistance […]
Wave summary: The low of wave ii was seen at 123.12 just above our ideal target seen at 123.02. We are now looking for a break above minor resistance seen at 124.65, confirming wave iii higher is developing for a rally to above 125.81 for a continuation higher to 134.30. Short term, we could see […]
http://www.elliottwave.com/Investor-Research/Asian-Pacific-Financial-Forecast-Service?tcn=ytv1703 In 2016, the prevailing sentiment toward China’s economy was negative. Yet, if investors had avoided China’s internet sector, they would have missed a significant advance. The whole episode teaches a valuable lesson. Learn How the Wave Principle Can Improve Your Trading Related Posts:Weekly forecast based on simplified wave analysis for… April 15, 2024 GBP/USDAnalysis:On […]
Wave summary: We continue to look for a spike lower to 1.1.5537 to complete the expanded flat correction in wave ii/ and turning prices higher in wave iii/ to above 1.6237 for a continuation higher to 1.6655. Only a direct break above minor resistance, seen at 1.6006, will indicate that a running flat has been […]
Wave summary: The decline from 125.81 has extended and a low does not yet seem to be in place, this calls for a little more downside to 123.02 and maybe even slightly closer to the invalidation point seen at 122.53. Should this support be broken, that would indicate that a more complex wave B correction […]
EURGBP: A Picture of Elliott Wave Precision The euro’s recent surge to two-month highs against the pound fit its Elliott wave blueprint beautifully By Elliott Wave International Let’s assume financial markets are driven by news events. Negative news items cause prices to fall, while positive items fuel rallies. Easy enough, right? Not exactly. See, there […]
Wave summary: The break below support seen at 1.5803 has forced us to change the short-term count slightly. This new count indicates that wave ii/ still is unfolding as an expanded flat correction. This calls for a move slightly lower to 1.5537 in wave c of ii/ before renewed upside pressure should be expected in […]
Wave summary: The corrective decline from 125.81 has now entered the 123.78 – 124.17 area to complete wave ii. That said, we will need a break above minor resistance seen at 124.66 and more importantly a break above 125.06 confirming that wave iii higher towards 134.25 is developing. As long as minor resistance at 124.66 […]
http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 “The writing appears to be on the wall” for public pension plans — and $3.6 trillion is on the line. Managers have been “embracing riskier assets and sweeping underfunded liabilities under the rug.” Now, here’s an update. Learn How the Wave Principle Can Improve Your Trading Related Posts:Gold Still Expected to Rise on Wall […]
Wave summary: We continue to look for signs confirming that a corrective low is in place with the test of 1.5852. A break above minor resistance seen at 1.6014 will be the first good indication that the corrective low of wave [ii] is in place and wave [iii] higher towards 1.6655 is developing. R3: 1.6237 […]
Wave summary: We continue to look for a corrective decline into the 123.78 – 124.17 area before the next impulsive rally towards 134.30 and 138.52 should be expected. Short-term resistance is now seen at 125.16 and again at 125.43, Only a break above the later will indicate that the correction is complete and more upside […]
In our latest “Video Mailbag,” Pete Kendall, the editor of our Financial Forecast, answers questions submitted by viewers like you. Click here to submit questions: http://www.elliottwave.com/About/Customer-Care/contact-us?g=etv Learn How the Wave Principle Can Improve Your Trading Related Posts:BoC to put June rate-cut on the map-tentatively – Preview April 9, 2024 BoC monetary report due on Wednesday […]
Wave summary: After an almost perfect test of the 61.8% corrective target 1.5836 (the low has been seen at 1.5852), a corrective low should be in place for a break above minor resistance seen at 1.6014 and more importantly a break above resistance at 1.6093 that confirms renewed upside pressure towards 1.6655 and above in […]
Wave summary: We continue to look for a minor correction closer to the 123.59 – 123.92 support-zone before the next impulsive rally higher towards 134.30 and 138.52 sets in. Short term, a break below minor support seen at 125.01 will confirm the expected minor correction is developing. R3: 127.30 R2: 125.82 R1: 125.57 Pivot: 125.01 […]
Wave summary: We have seen the expected corrective decline in wave [ii] closer to support near 1.5836 from where a turn higher in wave [iii] is expected towards 1.6655. As long as minor resistance at 1.6036 is able to cap the upside, as long is a little more downside closer to the ideal 1.5836 target […]
Wave summary: We continue to look for a little more downside into the support zone between 123.59 – 123.92 to complete wave ii and set the stage for the next impulsive rally in wave iii towards 134.30 with the ideal target for wave C seen near 138.52. Short-term a break below minor support seen at […]
Wave summary: The failure to accelerate higher and the break below minor support seen at 1.5987 indicates that a slightly deeper correction towards 1.5836 should be expected before the next impulsive rally higher towards 1.6655. Short term, minor resistance is seen at 1.6154, which should be able to cap the upside for a deeper corrective […]
Wave summary: EUR/JPY broke above resistance seen at 124.94 indicating the rally of the 122.53 low was impulsive (in 5 waves). This means that wave B completed with the test of 122.53 and wave C towards 138.50 now is developing. The impulsive rally from 122.53 to 125.30 marks wave i and a correction in wave […]
Wave summary: EUR/NZD continues to gain a little, but we are still not seeing the expected acceleration, which is a bit of a concern. That said, we will continue to look for more upside and ideally acceleration higher towards 1.6655 as long as minor support at 1.5987 is able to protect the downside. A break […]
Wave summary: The correction in wave B is likely not complete yet and we are looking for one more spike to a new low closer to 122.10 to complete wave B. If this count is correct, then minor resistance at 124.94 ideally should be able to cap the upside for a break below minor support […]
http://www.elliottwave.com/Investor-Research/Asian-Pacific-Financial-Forecast-Service?tcn=ytv1703 How could the attempted military coup in Turkey in July 2016 have possibly been a bullish sign for Turkish stocks? Get our insights — and see two charts that show the price story. Learn How the Wave Principle Can Improve Your Trading Related Posts:Will Netflix earnings take the share price closer to its… April […]
News about today’s economy only talks about “growth.” The true story this chart tells isn’t reported nearly as often. http://www.elliottwave.com/Investor-Research/Global-Market-Perspective?tcn=ytv1703 Learn How the Wave Principle Can Improve Your Trading Related Posts:Will Netflix earnings take the share price closer to its… April 15, 2024 Netflix is set to announce strong EPS and revenue growth…GBP/USD. October 26th. […]
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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:Weekly forecast based on simplified wave analysis of… April 15, 2024 EUR/USDAnalysis:The daily chart scale of the major pair of the…Technical Analysis – Gold in a wait-and-see mode April 15, 2024 […]
Wave summary: We continue to look for a strong break above minor resistance seen at 1.6154 to add upside acceleration towards the next target seen at 1.6655. Short term, we expect minor support near 1.6033 max. 1.5987 to be able to protect the downside for the break above 1.6154. Only a direct break below support […]
Wave summary: As long as the minor resistance at 124.11 is able to cap the upside, a deeper corrective decline in wave B could be seen towards 120.69. Once this B-wave correction is complete, a new strong rally will be expected in wave C towards 138.52. In the short term, a break below minor support […]
Wave summary: We are still looking for upside acceleration towards the next upside target seen at 1.6655 and expect minor support seen at 1.5960 to continue to protect the downside for a clear break above 1.6154. This confirms the expected rally higher to 1.6655. A break below minor support at 1.5960 would be a bit […]
Wave summary: Our preferred count continues to work nicely and we have seen the expected decline towards at least 122.94, but the decline could easily extend lower towards the 38.2% corrective target seen at 120.69 before taking off again towards 138.52. Short term, resistance is seen at 124.35 and again at 124.93. R3: 125.57 R2: […]
http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 Maxwell Edison may have majored in medicine, as the Beatles sang, but many of the “braniacs” on Wall Street are hedge fund managers. Even so, their performance record at key market turns often leaves a lot to be desired. See this eye-opening bond market chart. Learn How the Wave Principle Can Improve Your Trading […]
Charts like this one show that markets can anticipate huge shifts in broad psychology: Another dangerous spike may be just around the bend. http://www.elliottwave.com/Investor-Research/Global-Market-Perspective?tcn=ytv1703 Learn How the Wave Principle Can Improve Your Trading Related Posts:Week Ahead – More inflation data on the way as rate cut bets… April 12, 2024 CPI numbers due in the […]
