Wave summary: Wave [ii] ended at 1.6144 as we expected and we can see a nice rally unfolding. We can even observe a breakout above minor resistance at 1.6368 adding confidence in our call for a bottom for a bottom at 1.6144 and a new impulsive rally towards the ares above resistance at 1.6749 for […]
Wave summary: EUR/JPY failed to break out minor resistance of 134.00, which kept a corrective decline in wave alive for a deeper correction. The next corrective target is the 50% corrective target of wave a at 132.11 with the 61.8% corrective target located at 131.52. In the short term, the corrective decline will proceed closer […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx The transition from risk-taking to risk-aversion started off gradually in 2007. Then it suddenly accelerated. Our analysts see evidence that a similar pattern is repeating itself. Look at these two charts. Learn How the Wave Principle Can Improve Your Trading Related Posts:GBP/USD. April 12th. British economy continues to stagnate April 12, 2024 On the […]
Wave summary: A correction in wave [ii] most likely ended at 1.6144 and thereby took back most of the rally in wave [i]. We will be looking for a break above minor resistance at 1.6245 as the first good indication that wave [ii] has ended and wave [iii] higher towards 1.7191 is developing now. To […]
Wave summary: The correction in wave b ended a little lower than expected at 132.72, but still pretty close to our expected target at 132.88 and we will now be looking for a breakout above resistance at 134.22 confirming the next rally higher towards 135.34 and possibly even higher to 136.69 before this correction is […]
Wave summary: We did see an anticipated breakout above resistance at 1.6490 for a rally higher to 1.6749. This morning, RBNZ cut its rates by 25 basis points, which should help this cross move even higher. However, a rather hawkish statement from RBNZ after the rate cut caused a deep retracement of the rally from […]
Wave summary: Nothing is going on here at the moment. We would still like to see a minor move lower to 132.88 before the next rally higher towards at least 135.34 and possibly even higher to 136.69 before renewed downside pressure should be expected. Only a direct breakout above resistance at 134.59 will cancel the […]
Wave summary: The price-action for EUR/NZD continues to unfold as expected. We are currently testing the top of wave i at 1.6490 and a breakout above here will call for an extended rally higher towards 1.7191 as the next upside target. In the short-term, only a breakout below minor support at 1.6390 will indicate that […]
Wave summary: We could still see a little more correction closer to support near 132.88 before the next rally higher towards at least 135.34 and possibly even 136.69 form where a new strong decline is expected. If our count is correct, a leading diagonal seen from 141.04 to 129.62 as wave (i) and a corrective […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx A study shows that changes in women’s shoes reflect changes in the economy. The women in the hit television show “Sex in the City” often wore stiletto heels, but in 2015 heels are flat or chunky. Learn more about this and other unusual economic indicators. Learn How the Wave Principle Can Improve Your Trading […]
Wave summary: We have finally seen a bottom at 1.5784 (but at no point was a close below 1.5897 seen on the 4 hourly chart) for a strong impulsive rally. In the short term, I expect support at 1.6053 to be able to protect the downside for the next impulsive rally above important resistance at […]
Wave summary: A rally from the low of 129.62 was much stronger than expected alone resistance at 130.93, resistance at 132.50, and the invalidation point at 133.22, which has forced us to review our previous preferred count. This the previous count could not be correct upon the breakout above 133.22 as that left us with […]
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Wave summary: Ideally, we have seen a bottom at 1.5838 for a break above minor resistance at 1.6009 and more importantly a breakout above resistance at 1.6243 confirming that a bottom for the correction from 1.9114 is in place and a new impulsive rally to 1.8020 and above can develop. We have to acknowledge the […]
Wave summary: We continue to look for a corrective rally towards 132.50 before the next impulsive decline lower to 127.60 should be seen. In the short term, a breakout above minor resistance at 130.93 will call for a continuation higher to the levels of 132.27 – 132.50, with an ideal target at 132.50. Once this […]
Wave summary: With the downside target at 1.5898 fulfilled, we are looking for signs that a bottom is in place. The first minor indication, will be a breakout above 1.5980, while a breakout above resistance at 1.6243 is needed to confirm the bottom and that a strong rally back towards 1.8020 and higher is developing. […]
Wave summary: A breakout above minor resistance at 130.32 confirmed that wave [iii] ended at 129.62 and wave [iv] now is unfolding. This ideal target for wave [iv] is seen at 132.50. Wave [ii] was a simple zig-zag correction that corrected most of wave [i] so due to the alternation principle, we should expect a […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/club/signuplt/newsletters.aspx The Elliott wave pattern shows us the direction the euro should take next — plus the specific price points to watch, which will help confirm the forecast. Learn How the Wave Principle Can Improve Your Trading Related Posts:What to expect for the euro next week? April 7, 2024 We just saw strong U.S. data […]
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Wave summary: We continue to look for a correction in wave [iv] towards 132.50 before the final decline in wave [v] lower to 127.60 to end wave iii. That said we will like to warn that a break above 133.22 will question this count. The decline from a high of 141.06 in early June has […]
Wave summary: We have finally seen an expected test of our target at 1.5898 (the low has been 1.5899), and we will look for a breakout above minor resistance at 1.6066 now as the first indication that a correction from 1.9114 has finally come to an end. However, a break above resistance at 1.6239 will […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx The downtrend in commodity prices was advertised in the chart pattern long before China’s economic slowdown. Now, sentiment has reached a negative extreme. Learn How the Wave Principle Can Improve Your Trading
Wave summary: We can say a lot about this cross. A downtrend from 1.9114 persists with an ideal target seen at 1.5898 before recovery through minor resistance at 1.6377 indicating the bottom is in place and a new impulsive rally towards 1.8020 and above has begun. A breakout above 1.6460 will confirm the bottom and […]
Wave summary: We continue to expect a bottom being found anytime now for a rally back to 132.50 before the next turn lower. In the short term, we need a breakout above minor resistance at 130.32 to confirm that wave [iii] has ended and [iv] is unfolding towards 132.50. However, as long as minor resistance […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx There was no shortage of U.S. dollar bears during the 2007-2009 financial crisis. But the greenback defied the negative sentiment and now trades near 100. See how we anticipated the sharp bounce. Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis – GBPCAD hits a wall but bulls not ready… April […]
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New insight from our Global Opportunities Expert — learn more about Chris Carolan’s forecasts and analysis: http://www.elliottwave.com/wave/Carolan Learn How the Wave Principle Can Improve Your Trading Related Posts:Tesla Q1 Earnings: Poor deliveries point to disappointing… April 17, 2024 Tesla reports earnings on April 23 after market close Weak…What’s next for markets amid Israel-Iran tensions? – […]
Wave summary: As long as minor resistance at 1.6434 is able to protect the upside, we will continue to look for the final spike lower to 1.5898 before the decline from 1.9114 will finally have to come to an end. Only a direct breakout above minor resistance at 1.6434 and of cause more importantly a […]
Wave summary: The EUR/JPY pair continues to apply pressure to the downside, but if our diagonal triangle count is correct, then support at 130.12 may not be broken. Under the Elliott Wave Principle, wave three can never be the shortest and that will be the case support at 130.12 breaks. Therefore support at 130.12 must […]
