Wave summary: Short-term important resistance at 116.14 has been broken indicating that a important low has been seen at 109.48, and a new impulsive rally is now building. To confirm that the low is in place, a break above important resistance at 122.00 is still needed, A break above here will leave no more doubt […]
Wave summary: There is no change in view here. We remain focused on the downside for a break below the minor support at 1.5072 calling for more downside pressure towards 1.4920 as the next downside target. In the long term, we could see a deeper decline towards 1.4490 as this corrective decline from 1.9023 is […]
Wave summary: We were focused on the bearish corrective count for a long time, but in the light of the GBP/JPY break above it’s reflex point at 136.85, we think it will be better to look at a possible bullish count. A break above 116.14 will be the first indication that a bottom is in […]
Jeffrey Kennedy, the editor of Elliott Wave International’s popular Trader’s Classroom educational service, weighs in on how you know when it’s time to enter a trade. Learn more: http://www.elliottwave.com/wave/JKTC 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 […]
Wave summary: There is minor correction. We were looking for a move higher to 1.5336 before turning lower again. In the short term, we will be looking for minor resistance at 1.5261 to protect the upside for more downside pressure to 1.5070 and below for a continuation lower towards 1.4490 as the ideal downside target. […]
Wave summary: The break above 113.31 indicates that a more complex correction in wave iv is unfolding. The first possible target for wave iv is seen at 115.39, but wave iv could make it all the way to 116.78 before completing and turning lower in wave v of (v) towards the ideal long term corrective […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG The U.S. dollar surged in the wake of Britain’s decision to leave the European Union. But the greenback’s upward trend started several weeks before the June 23 vote. See how the Wave Principle can help you spot trend turns, even when professional speculators are betting the other way. Learn How the Wave Principle Can […]
This is Part Two of our interview. Alan Hall, Senior Analyst at the Socionomics Institute, explains why societies on both sides of the pond seem to be splintering — and what’s coming next. Learn more: http://www.elliottwave.com/wave/SocionomistPublication Learn How the Wave Principle Can Improve Your Trading
Wave summary: We continue to look for a continuation lower to 1.4490 as the ideal downside target. In the short term, we expect minor resistance near 1.5226 will protect the upside for a break below 1.5102 confirming more downside pressure towards the ideal target. Trade recommendation: We are short in EUR from 1.5500 with stop […]
Wave summary: We expect minor resistance at 112.61 will be able to protect the upside for the next decline closer to the ideal downside target at 108.17 before the long-term correction from 149.56 is finally complete. Even a small break above 112.61 will not change our expectation of one more decline closer to 108.17. Trade […]
Steve Craig, EWI’s Chief Energy Analyst, explains what’s really driving crude prices. Watch this new interview to find out what he’s paying attention to. Learn more: http://www.elliottwave.com/wave/Craig Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis of Daily Price Movement of Crude Oil… November 8, 2023 On the daily chart of Crude […]
Alan Hall, Senior Analyst at the Socionomics Institute, explains why societies on both sides of the pond seem to be splintering — and what’s coming next. Learn more: http://www.elliottwave.com/wave/SocionomistPublication Learn How the Wave Principle Can Improve Your Trading
Why Stock Market Investors Should Expect the Unexpected Read our forecast for a market rally in the wake of Brexit By Elliott Wave International [Editor’s Note: The text version of the story is below.] Investors who jump on “sure things” in the stock market usually lick their wounds with regret. The decision of British voters […]
Wave summary: With the clear break below 1.5280 the possible expanded flat correction has been invalidated and we will remain focused towards the downside for a continuation lower towards 1.4490. The next support to look for along the way lower is seen at 1.4920. While short-term resistance is seen near 1.5298 and again at 1.5330. […]
Wave summary: No change in view here. We remain focused towards the downside for a test of the 108.17 target. A break below minor support at 110.80 will confirm more downside pressure towards 109.80 on the way towards 108.17. Resistance is now seen at 111.86, which ideal will be able to protect the upside, but […]
Wave summary: We do prefer wave (ii) having finished at 1.5775, but we still need a break below support at 1.5280 to confirm this is the case and confirming the next part of the decline towards 1.4490. As long as support at 1.5280 remain untouched wave (ii) could develop into an expanded flat correction, which […]
The expected decline towards 108.16 is unfolding nicely. Short term, we expect minor resistance at 112.50 will protect the upside for a break below minor support at 110.92 calling for the next part of the decline towards 108.16. Once the 108.16 target has been tested a new corrective rally is expected before the final decline […]
Trading recommendations : Sell now and below 1.0550 Take profit at 1.0495 Stop Loss at 1.0580 The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com Related Posts:Trading plan for GBP/USD on April 16. Simple tips for… April 16, 2024 Analyzing Monday’s trades:GBP/USD on 1H chart The GBP/USD pair also…Trading plan for EUR/USD […]
Brexit and Beyond — Look at Price Patterns, not Market News How Elliott waves helped us get bearish on the British pound days ahead of vote By Elliott Wave International Jim Martens, editor of Currency Pro Service, prepared his subscribers early for the violent reversal and historic sell-off in the British pound. Learn what helped […]
Wave summary: We are still looking for more downside here, the question is whether wave (ii) did finish at 1.5775 or a more complex expanded flat is unfolding. As long as support at 1.5280 is able to protect the downside, the expanded flat can not be ruled out and if this corrective formation is unfolding, […]
Wave summary: The expected decline towards the next downside target near 108.16 is unfolding nicely. Short-term minor resistance is seen at 111.80, which ideally will protect the upside for the next part of the decline towards 108.16, but even if the minor resistance at 111.80 is broken, back-up resistance is seen already at 112.09 that […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG Many investors are baffled when the stock market declines after what appears to be good news or rallies after an external shock. But events do not govern the market’s trend. Find out how the Wave Principle helps you to anticipate the unexpected. Learn How the Wave Principle Can Improve Your Trading Related Posts:Will Netflix […]
Wave summary: The direct break below 1.5411 indicates that the correction in wave (ii) terminated at 1.5775 and the next impulsive decline towards 1.4490 is developing. The correction in wave (ii) could turn into an expanded flat, but in this case the minor support at 1.5280 needs to protect the downside for a break above […]
Wave Summary: The clear break below the minor support line indicates that the next impulsive decline towards 108.17 has begun. We will like to see a break below minor support at 113.31 too as confirmation that this decline is unfolding now. Resistance is now found at 114.40. This resistance needs to protect the upside otherwise […]
Wave summary: No change in view here. We expect minor support at 1.5411 will be able to protect the downside for a break above 1.5600 confirming a rally to 1.5816 to complete the correction in wave (ii) and set the stage for the next impulsive decline in wave (iii) towards 1.4490. Trading recommednation: Sell near […]
Wave summary: We continue to look for a break below the minor support line near 113.96 as the trigger for a decline towards 108.17. This decline will be confirmed by a break below support at 113.31. In the larger picture, we are coming to a long-term corrective low, but still need a few more waves […]
Wave summary: Wave (ii) is taking longer than we expected. In the short term, we are looking for a break above minor resistance at 1.5600 confirming another rally closer to 1.5816 to complete a flat correction as wave (ii). From 1.5816, the next impulsive decline lower to 1.4490 is expected. Trading recommendation: We will sell […]
Wave Summary: Red wave ii has taken more time to go up than we first expected, but a break below the minor support line near 113.65 and a break below support at 113.31 confirm that red wave iii is developing for a decline towards 109.40 before a shallow flat correction expected in red wave iv. […]
Jim Martens, editor of Currency Pro Service, prepared his subscribers early for the violent reversal and historic sell-off in the British pound. Learn what helped him do it. Learn more: http://www.elliottwave.com/r.asp?rcn=ytvideos1503&url=http://www.elliottwave.com/Trader-Analysis/Pro-Services?rcn=ewtvjimps&ps=cur Learn How the Wave Principle Can Improve Your Trading Related Posts:EUR/USD. Analysis for April 12th. The euro falls down under… April 12, 2024 The […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG Many people view government debt as a problem that is far removed from their daily lives. When debt becomes overwhelming, the lives are citizens are directly affected in many critical ways. Consider Puerto Rico, which now faces another debt default. Learn How the Wave Principle Can Improve Your Trading
