Wave summary: The break below important support at 1.6233 and more importantly below support at 1.6062 indicated that the correction from 1.9023 is over and more downside pressure towards 1.5003 is expected, before the next impulsive rally can begin. Short term, we are looking for resistance near 1.6042 with back-up resistance at 1.6115 to protect […]
Wave summary: We have now seen an underthrow below the ending diagonal support line followed by a return back above the support line, which is a strong indication that the ending diagonal terminated at 120.28. We will now be looking for support at the ending diagonal support line near 120.60 for a break above minor […]
Pete DeSario, who covers interest rates for our Pro Services, tells you about the implications of negative interest rates an shares his thoughts on the upcoming Fed meeting. Watch this new interview to find out what he’s expecting next for bonds and interest rates. Learn more: http://www.elliottwave.com/Trader-Analysis/Pro-Services?rcn=ewtvenergyps Learn How the Wave Principle Can Improve Your […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG In February, professional investors were record net short futures and options contracts on oil. Yet, we took the opposite stance. On June 8, crude closed at a new 2016 high. Take a look at this chart. Learn How the Wave Principle Can Improve Your Trading Related Posts:Weekly forecast based on simplified wave analysis for… […]
Wave summary: The failure to hold important support at 1.6062 has tilted the picture upside down. Instead of a possible new rally building, consolidation from the 1.5748 low has developed into a triangle consolidation. Besides, a break below support at 1.6062 has completed formation calling for more downside pressure towards 1.5000 over the coming weeks. […]
Wave summary: EUR/JPY tried to break above resistance at 121.98 but failed. The risk has again turned to the downside for one more low just below 120.80 before the ending diagonal is completed. A new rally can be expected. A break below the minor support at 121.30 will confirm the final decline just below 120.80 […]
Jeffrey Kennedy, the editor of our Trader’s Classroom service, talks about some of the easy techniques to help you spot high-confidence trade opportunities. Take a listen — and see if you can adapt his methods, then download your free video lessons: http://www.elliottwave.com/wave/ETVJeff Learn How the Wave Principle Can Improve Your Trading Related Posts:Elliott wave analysis […]
Learn to Recognize a Popular Old School Chart Pattern See examples of a head-and-shoulders pattern in a chart of SPY By Elliott Wave International A head-and-shoulders pattern is one of the most well-known classic chart patterns. In this 4-minute video from Jeffrey Kennedy’s Trader’s Classroom, you’ll see an example of a bearish head-and-shoulders formation and […]
Wave summary: We have seen the expected decline closer to the ideal downside target at 1.6169, from where a new impulsive rally is expected. In the short term, a break above minor resistance at 1.6351 and, more importantly, a break above resistance at 1.6470 will confirm that a low is in place for a rally […]
Wave summary: Our preferred count remains that an ending diagonal completed with the 120.80 low. The rally of the 120.80 low to 122.70 is counted as the first minor impulsive rally (wave [i]) and the decline to 121.30 as wave [ii]), and we are now looking for a break above minor resistance at 121.98 and, […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG “Bad, bad, bad” is how a global forecaster describes the May U.S. jobs report, the single worst for jobs growth in almost six years. Also, for the first time since the financial crisis, Wall Street pay has turned lower across almost all lines of business. Here’s our forecast for Wall Street employment. Learn How […]
Wave summary: We are still waiting for EUR/NZD to decline closer to 1.6169 to terminate the red wave ii and set the stage for a new strong rally higher. Only a direct break above minor resistance at 1.6510 will indicate that the red wave ii will have already terminated at 1.6206 and a new impulsive […]
Wave summary: As we said yesterday, failure to build on the break below 121.46 could indicate that downside potential is very limited (bear-trap). It looks like an ending diagonal is developed and the break to 121.46 was the final low in this ending diagonal. If this count is correct, then a quick rally and break […]
AUD/USD is starting to look good for a drop from here since our analysis yesterday. The RSI has formed a bearish divergence vs the price and gives us more confidence of a drop from here to 0.7225. We’re also at a key fibonacci retracement level now. Trading recommendations: Sell now Take profit at 0.7225 Stop […]
Wave summary: We continue to look for a corrective low for red wave ii. Our preferred count remains that an important low was seen at 1.6062 and a new larger impulsive rally is building. However, the rally of the 1.6062 waves has been overlapping, and the only impulsive wave that allows for overlapping waves is […]
Wave summary: The break below 121.46 calls for more downside pressure towards the 117.95 – 118.20 area before a long bottom for the corrective decline from 149.56 should be expected. That being said, the failure to build on the break below 121.46 could indicate that the potential downside potential is limited. No matter whether a […]
AUD/NZD broke a major support level previously, and its wave iv retracement is at a perfect 38% (fibonacci retracement). This gives us good confidence in a drop to 1.0500. The RSI has also reacted well below the 50% level giving us further confidence in the drop from here. Trading recommendations: Sell now, add to your […]
The price reached our profit target on 3rd June 2016 completing the triple bottom bullish exit as expected and bouncing off our RSI ascending support perfectly. Today we turn bearish because the price has reached the wave iv potential of 38% (fibonacci retracement), and we expect a drop from here towards 0.7225. The RSI has […]
Socionomics Institute Senior Researcher Alan Hall presented his research connecting declines in stock market indexes to infectious disease outbreaks at the University of Warwick’s Mood Conference on May 6, 2016. Hall explains that negative social mood, as reflected by stock market declines, weakens immune systems and leaves populations more susceptible to infectious disease. Learn More: […]
Tom Denham, Elliott Wave International’s senior metals analyst, explains the relationship between gold and the U.S. dollar. Learn why Tom believes the development of gold’s wave pattern provides all he needs to develop his forecast. Learn more: http://www.elliottwave.com/wave/TomD Learn How the Wave Principle Can Improve Your Trading Related Posts:Trading Signals for GOLD (XAU/USD) for April […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG The delinquency rate among subprime auto loans is rising, even as total auto loan liabilities exceed $1-trillion. The CEO of the nation’s largest bank raises a red flag. The Wall Street Journals calls it a “subprime flashback.” Prepare now for what we see ahead. Learn How the Wave Principle Can Improve Your Trading Related […]
Wave summary: We have to admit that it has been a nightmare to track the correction lower from the 1.6931 high. So we have been back to the drawing board looking at the different scenarios. An important low was seen at 1.5813 and a new impulsive rally is building and if this count is correct, […]
Wave summary: The break below important support at 121.46 told us that the corrective decline from 141.06 is not over yet and calls for more downside movement towards the 117.95 – 118.20 area before the long-term correction from 149.56 finally is over. Thus, we really do not feel very comfortable about the downside trend. The […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG Many investors continue to pour money into municipal bond funds even after Puerto Rico’s municipal bond default. We believe debt-market complacency will soon be met with regret. Cities and states face severe financial struggles even as the stock market remains elevated. Imagine what the next downturn will bring. Learn How the Wave Principle Can […]
Wave summary: Despite all the disappointments, we remain optimistic in regard to this currency pair in the longer term. However, for the short term it looks as more corrective weakness should be seen towards 1.6248 before the corrective decline from 1.6931 is over. From 1.6248 or upon a break above 1.6487, renewed upside pressure is […]
Wave summary: Our view remain bullish as long as the low at 121.46 stays untouched. To indicate that a corrective low has been seen at 121.85, a break above minor resistance at 122.83 will be needed, while a break above resistance at 123.32 confirms the low and that a new impulsive rally is developing for […]
Wave summary: Once again this pair has failed miserably and broken well below important short-term support at 1.6424 invalidating the short-term bullish count. However, the larger bullish count has not been invalidated yet and it will only be so if support at 1.6104 is broken too. As we look for the low of red wave […]
Wave summary: Despite an unexpected large decline yesterday, we will let the bullish view have the benefit, as long as the low at 121.46 is able to protect the downside. If our count is correct then this wave [ii] is allowed to correct 100% of wave [i] without invalidating the count. However, wave [ii] can […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG The U.S. has just imposed a new tariff on steel imports from China. Trade wars between nations are the result of a defensive psychology. Prepare now for a trend toward protectionism. Learn How the Wave Principle Can Improve Your Trading Related Posts:Market Comment – Dollar and equities trade higher in… April 10, 2024 US […]
Wave summary: We continue to look for a rally above minor resistance at 1.6715 to accelerate prices higher towards resistance at 1.6931 and 1.7220 on the way higher to the long-term target at 1.8420. In the short term, support is seen at 1.6525 with important back-up support at 1.6424. We must admit that this currency […]
