Peter DeSario, editor of our Interest Rates Pro Service, explains why this was a “monumental” week in the bond markets — and offers a preview of which markets he’s keeping his eye on. 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 […]
Wave summary: We are looking for the final decline within an ending diagonal towards 1.4700 to complete the long-term corrective decline from 1.9023 and set the stage for a new impulsive rally higher. Short term, minor resistance at 1.5510 is expected to be able to cap the upside for a break below minor support at […]
Wave summary: The trading range is narrowing consistently and we know that times like these is followed by high volatility. As long as minor support at 113.90 and more importantly support at 113.11 is able to protect the downside, we will remain cautious bullish for a break above 116.37 confirming a rally to 118.47 and […]
In this new interview with our Senior Instructor Jeffrey Kennedy, he tells you about the four key principles that’ll help improve your Elliott wave skills. Learn how you can test your own Elliott wave knowledge in our free report: http://www.elliottwave.com/en/Free-Reports/Test-Your-Knowledge?rcn=etv2016 Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis of Intraday Price […]
Wave summary: We continue to look for an ending diagonal to unfold here. Short term, we will ideally seen resistance near 1.5511 for a break below minor support at 1.5217 for a decline to 1.4989 and lower to 1.4700 to complete the long term corrective decline from 1.9023. Only an unexpected break above 1.5649 will […]
Wave summary: The trading range keep getting more and more narrow, which is consistent with a triangle consolidation, which is one of the options we are looking at. However, this count only stays valid if resistance at 116.37 is able to protect the upside for a break below support at 113.80, which will confirm a […]
Wave summary: As long as resistance at 1.5649 is able to cap the upside, we will be looking for one final decline closer to 1.4700 to complete the long term decline from 1.9023. From here or upon an unexpected break above 1.5649 we will look for first 1.5834 and the beyond for a continuation towards […]
It’s time for the moment of truth here. A break above the resistance-line near 115.85 and more importantly above resistance at 116.37 will open up the upside and confirm our bullish view for a rally to 118.47 and 122.00. The alternate count remains possible as long as resistance at 116.37 stays untouched, but it will […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG About three months ago, hedge fund managers were the most bullish on bonds they’ve been in 10 years. Yet, our July Elliott Wave Financial Forecast warned a “trend reversal is nigh.” Just four trading days later, on July 8, bond futures made their closing high. Take a look at these two charts. Learn How […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www2.elliottwave.com/club/signuplt/newsletters.aspx When a topic seems to be driving a lot of media chatter, you can quantify it to see if something more than chatter is at work. Case in point: ‘Fiscal Stimulus.’ Which, it turns out, is quantifiable indeed… Learn How the Wave Principle Can Improve Your Trading Related Posts:Market Comment – Gold slides, dollar […]
Wave summary: Wave [iv] looks to be in place at 1.5425 for a decline below 1.5217 confirming more downside towards 1.4989 and 1.4700 to complete the ending diagonal and set the stage for a strong recovery to 1.5839 and above. Short term, resistance is seen at 1.5346 and again at 1.5425. The latter will ideally […]
Wave summary: A low has been seen at 113.90 and we remain cautiously bullish for a break above minor resistance at 114.64 and more importantly above resistance at 115.95 for the next impulsive rally towards at least 118.47 and 122.00 as the next important upside targets. Only a break below 113.80 will question the bullish […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG Knowledge of classic chart patterns can be of enormous value to you. For example, a contracting diagonal takes a wedge shape within two converging lines, and is the most common form for an ending diagonal. This knowledge helped us anticipate Sept. 9’s stock market volatility, even though the market had traded sideways for most […]
Learn a bit about EWI’s Asian-Pacific and European markets expert. Learn How the Wave Principle Can Improve Your Trading Related Posts:Weekly Forex Outlook: 09/02/2024 – US CPI in the spotlight… February 9, 2024 All eyes on US CPI on Tuesday after run of…Weekly Forex Outlook: 19/01/2024 – ECB and BoJ meetings in… January 19, 2024 […]
Wave summary: The rally from 1.4989 continues to make headway. This has made us reconsider our previous working count of a triangle and instead we favor an ending diagonal unfolding. Under this count, prices will ideally stay below minor resistance at 1.5520 for a final decline towards 1.4815. An unexpected break above 1.5520 will question […]
Wave summary: We have seen the break above 115.68 adding confidence in our bullish outlook, but it has not yet been confirmed. Short term, we could see a minor dip to 114.60 before the next rally above minor resistance at 115.95 and more importantly above 116.37 to confirm the next impulsive rally higher towards at […]
Resistance at 1.5283 is expected cap the upside in wave [iv] for a new decline to below 1.4989 for a move closer to the ideal downside target area between 1.4748 – 1.4815. We should be in the final stages of the long term decline from 1.9023, so this is not the time to sell EUR […]
Wave summary: EUR/JPY found a floor at 113.80, so the important support at 113.11 remains safe for now. A quick break above minor resistance at 115.68 and more importantly a break above resistance at 116.37 is needed to confirm the impulsive count. A failure to break above minor resistance at 115.68 will keep several possibilities […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG We warned about deflation when others scoffed at the idea. Now, deflation has taken a foothold around the globe, and U.S. farmers and grocery store operators are feeling the pain. Food prices have tumbled as a result of deepening deflationary forces. Prepare now for the next phase when no one will doubt this developing […]
Wave summary: The break below 1.5187 confirmed that the larger corrective decline from 1.9023 still needs one more decline closer to the 1.4748 – 1.4815 area before completing. After a minor recovery to 1.5187, the final decline into the 1.4748 – 1.4815 support window is expected. It should set the stage for a new impulsive […]
Wave summary: A little more downside should be expected closer to 113.48 before blue wave ii is complete and a new impulsive rally should be expected in blue wave iii to above 116.37. For this count to remain valid, it’s important to stay above support at 113.11. If this support is broken, the 109.49 low, […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www2.elliottwave.com/club/signuplt/newsletters.aspx Why are governments paying into public pensions? Why is the rate of increase in government payments so much greater? This chart speaks to the health of public pension funds. In a word, that health issue is “underfunded.” Learn How the Wave Principle Can Improve Your Trading Related Posts:Behind the scenes of Wall Street’s rise: […]
Wave summary: The break below 1.5187 invalidated our bullish count and we have to go back to the long-term chart to view the options. We still feel confident that a long-term important low was seen at 1.3884 and the upside pressure eventually will get the upper hand. However, for now we need to accept that […]
Wave summary: The break below minor support at 114.98 questioned the previous count and we have instead adopted an even more long term bullish count. This count shows that we completed blue wave (i) at 116.37 and the ongoing corrective decline is blue wave (ii). This count remains valid as long as we stay above […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG The housing market appears to be on the verge of another big shift. We see an eerie similarity between 2005 and 2016. Just like 11 years ago, almost no one is worried about a bubble. Plan now for what we see ahead. Learn How the Wave Principle Can Improve Your Trading Related Posts:Behind the […]
Wave summary: With a low seen at 1.5181 (just above our stop at 1.5180), we will be looking for a new chance to break above the minor resistance line near 1.5320 to indicate that wave ii finally is complete and wave iii higher can take off towards at least 1.6419. That said, we must accept […]
Wave summary: Red wave [iv] moved slightly lower than the expected 115.44 (the low has been seen at 115.07). Holding nicely above 114.94, it keeps our impulsive count alive for the final rally in red wave [v] towards 116.63 and possibly even 117.60 before completing this impulsive rally. This is calling for a correction back […]
Wave summary: This is a most painful experience watching the extremely slow decent, which keeps the uncertainty about the preferred count high. We do not expect any real reason to change our preferred count that a long-term important low was seen at 1.5072, but we just have to accept that wave ii is dragging on […]
Wave summary: The rally of 113.11 low continue to unfold just as expected. We were looking for a top for red wave [iii] at 116.36 and this is exactly where it peaked. Now red wave [iv] is unfolding for a corrective decline to 115.44 before the next rally higher to at least 117.00 and likely […]
Alan Hall, senior analyst at the Socionomics Institute, explains how 16 years of negative social mood is driving globalization’s unpopularity. Learn more in this new interview. Learn more about The Socionomist: http://www.elliottwave.com/en/Investor-Research/The-Socionomist Learn How the Wave Principle Can Improve Your Trading
