Wave summary: Minor support at 116.45 protected the downside, which called for a direct extension higher to 117.99 (the peak of wave iii/ has been seen at 117.82). and a correction in wave iv/ is now unfolding toward 116.52 before higher again towards 119.35 to complete wave i. It’s possible to count the rally from […]
http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service ?tcn=ytv1703 Years ago, EWI predicted that marijuana would eventually be legalized. Today, that prediction is a reality in some U.S. states. Find out about a new marijuana-themed ETF. 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 a large scale, a […]
The real news for silver prices is all about sentiment: Are Silver Traders “Way Too Bullish”? See and hear the evidence… http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 Learn How the Wave Principle Can Improve Your Trading Related Posts:Bitcoin continues to consolidate near $35k: when to expect… November 7, 2023 Bitcoin started the new trading week with a consolidation movement…EUR/USD and […]
Wave summary: The falling channel from 1.5486 is still defining the price action here. As long as the resistance line near 1.5317 is holding firm, we still could see more downside pressure towards 1.4990 to complete wave ii. Otherwise a direct break above 1.5317 will indicate that wave ii is already completed with the test […]
Wave summary: EUR/JPY has already broken above short-term important resistance at 116.55 and also the resistance line from 122.88 confirming that an important low was seen with the test of 114.82 and a new strong rally to above 122.88 and 124.09 should be expected in the coming weeks/months. Short term, a break below minor support […]
Elliott Wave International’s European Markets Analyst weighs in on the important election. 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:Final countdown to the Swiss 2023 General Election – Preview October 18, 2023 Far right could regain lost votes […]
http://www.elliottwave.com/Investor-Research/European-Financial-Forecast-Service?tcn=ytv1703 Widening yield spreads mean investors are growing fearful about the future. In Europe, we’re seeing bond market behavior that resembles what occurred before the credit crises in 2008, 2010 and 2012. Take a look at these two charts. Learn How the Wave Principle Can Improve Your Trading Related Posts:Dollar spreads its wings April 10, […]
Elliott Wave International Senior Cross Rates Analyst weighs in on recent price action in the British pound. 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
Wave summary: We are looking for confirmation that the correction in wave ii has completed. As long as the resistance line near 1.5305 and more importantly as long as resistance at 1.5347 is able to cap the upside, we could still see a move closer to 1.4990 before wave ii completes and a new impulsive […]
Wave summary: EUR/JPY has now spiked to resistance at 116.55 indicating that a low is in place at 114.82 and a new rally to above 124.09 should be expected. Short term, we should expect a minor set-back towards 115.70 before the next impulsive rally higher towards 118.25. Above here, it will confirm the low has […]
Learn more by visiting: http://www.deflation.com Learn How the Wave Principle Can Improve Your Trading Related Posts:EUR/USD. April 8th. Preparations for the ECB meeting are in… April 8, 2024 The EUR/USD pair dropped to the support zone of 1.0785–1.0801…
Wave summary: As long as minor resistance at 1.5207 and more importantly as long as resistance at 1.5347 is able to cap the upside, we will be looking for a final decline into the 1.4874 – 1.4990 area to complete the correction in wave ii and be setting the stage for a strong rally in […]
Wave summary: The rally from the 114.82 low does look constructive, supporting our view that the corrective decline from 124.09 has completed and a new rally to above 124.09 is now unfolding. We still need a break above resistance seen at 116.55 to confirm that the corrective low is in place. A failure to regain […]
http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service ?tcn=ytv1703 Even professionals have a hard time beating the market. But a study of 2600 stock recommendations by market technicians vs. fundamentalists came to this “striking conclusion.” Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis – Goldman Sachs stock gains on strong… April 15, 2024 Goldman Sachs shares pull back […]
Wave summary: The break below minor support at 1.5149 has changed the short-term count slightly. This new count sees wave i complete with the test of 1.5486 and the current decline is wave ii towards the 1.4874 – 1.4990 area before completing and pushing higher in wave iii. Only a break above minor resistance at […]
Wave summary: The corrective decline from 122.88 looks complete with the test of 114.82, but we need a break above minor resistance at 115.72 and more importantly a small five-wave rally above resistance at 116.55 to confirm that the low is in place for renewed upside pressure to above 122.88 and 124.09. As long as […]
Get a free week of opportunity-rich, professional-grade forecasts for 50+ markets: http://bit.ly/2p8uPEz Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis – EURUSD plummets after US CPI and ECB… April 12, 2024 As US CPI comes hotter than expected EURUSD tumbles After…Technical Analysis – EURUSD oscillates within a sideways… April 10, 2024 […]
If you’re a gambler or trader, you know what it means to “hedge your bet.” It’s how you offset your losses if you bet on the wrong horse, or on the wrong market position. Yet today, falling demand for equity hedges suggests an absence of fear among stock traders and investors. This chart shows you […]
Wave summary: EUR/NZD tried to break above 1.5347, but failed keeping the status quo regarding the trading range between 1.5149 – 1.5347. We need a break out of this range to dictate, whether wave i still is unfolding or whether wave i completed with the test of 1.5486 and wave ii currently is unfolding. A […]
Wave summary: We continue to look for minor resistance at 116.55 to be able to cap the upside for the final decline closer to the 115.10 – 115.32 area to complete wave (iv) and set the stage for the next impulsive rally to above 124.09. Only a direct break above minor resistance at 116.55 will […]
Get a free week of opportunity-rich, professional-grade forecasts for 50+ markets: http://bit.ly/2p8uPEz Learn How the Wave Principle Can Improve Your Trading Related Posts:Energy in Focus: What news awaits investors on Wall Street April 15, 2024 US stocks came under selling pressure on Friday amid disappointing…ECB meeting looms: what to expect April 9, 2024 Despite increased […]
Wave summary: There is not much to add from yesterday’s update here. The range trading between 1.5150 – 1.5347 continues to dominate the picture and only a breakout of this range will determine the next larger move up or down. We still favor a rally above resistance at 1.5347 for a continuation higher to 1.5570 […]
EUR/JPY – Monthly EUR/JPY – Daily EUR/JPY – 4-Hour timeframe The break below 116.28 has forced a recount for the rally from 109.48 and even the longer-term picture. Instead of an impulsive rally from 109.48 that possibility was invalidated with the break below 116.28. Therefore we will be looking for a double zig-zag correction which […]
http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service ?tcn=ytv1703 In 2007, the KBW Bank index turned down months ahead of the DJIA. In 2017, optimistic expectations are again running high for the financial sector. Ironically, history shows that investors should be the most worried when financial fear is absent. Let’s review today’s position of the “fear index” VIX and KBW Bank Index. […]
The search for recoverable crude never stops. But, sometimes the search is more active than at other times — drilling for crude is immensely expensive and full of risk. Yet here’s what is especially relevant to our forecast: The search for crude is a collective activity. So it’s no surprise that the oil rig count […]
Wave summary: EUR/NZD is doing nothing at the moment. It continues to trade within a narrow range between 1.5165 – 1.5338, but we need a break above 1.5347 to confirm that the next impulsive rally higher towards 1.5570 and likely even closer to 1.5790 is unfolding. Support at 1.5151 should continue to protect the downside. […]
Wave summary: We are finally seeing the expected decline to the equality target between wave a and c at 116.83. With this test, the corrective decline from 124.09 finally looks complete and a new impulsive rally is ready to start. The first good indication that a corrective low is in place will be a break […]
http://www.elliottwave.com/Investor-Research/Asian-Pacific-Financial-Forecast-Service?tcn=ytv1703 An April 5 Bloomberg headline reads: “Rupee Rally Nobody Saw Coming Sees Strategists Play Catch Up.” Yet, at least one analyst did. These two charts tell the story — see them for yourself. Learn How the Wave Principle Can Improve Your Trading
Wave summary: EUR/NZD is not really doing anything at the moment. We continue to look for a break above 1.5347 as the go-signal for renewed upside pressure towards 1.5570 and possibly even closer to 1.5792 target. That said, support at 1.5151 will need to be able to protect the downside or a deeper correction closer […]
Wave summary: As long as resistance at 118.80 is able to cap the upside as long will the possibility for one final decline into the 116.83 – 116.99 remain. That said, we are clearly in the final stages of the corrective decline from 124.09 and once a test of the 116.83 – 116.99 area has […]
