Technical summary: We continue looking for more upside as long as important support at 133.27 stays intact, but the short-term picture has become messy after the break below minor support at 135.23. The possible reason could be that a triangle is developing, but it is too early to tell. In the short term, a break […]
Elliott Wave International’s Chief Currency Strategist discusses the EURUSD 1,200-pip “roundtrip” — watch the full interview: http://bit.ly/1JKMiod Learn How the Wave Principle Can Improve Your Trading Related Posts:The euro hardly has a chance to rise April 16, 2024 For over six months, the market has been discussing potential…The dollar has not reached its potential April […]
Technical summary: There are still no changes in the view – We expect an upside breakout through the minor resistance at 136.62 confirming a continuation higher towards 139.02 and 141.06. A break below support at 135.23 could take place, but we think the downside potential should be limited. Only a break below the important support […]
Technicak summary: We are caught between a bullish and bearish scenario. We have shown the possible bearish count over the last couple of days and would like to recap on the bullish count as it is still alive. The failure of a breakout below support at 1.7103 has kept the bullish scenario alive. If this […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/wave/150831FRUP The only thing the Fed has to show for its purchase of $1.5 trillion worth of Treasuries (QE) is a high-priced stock market. Now even that may be crumbling. The credibility of the central bank is on the line. Learn How the Wave Principle Can Improve Your Trading Related Posts:Christine Lagarde: inflation is easing […]
Technical summary: The 38.2% corrective target has been met at 1.7170 (the traded low till now has been 1.7197). We are still looking for more downside correction towards the former wave iv at 1.6599 before the correction from 1.9023 is over and wave (v) will be ready to take over. That means we have to […]
Technical summary: We still think that a wave (ii) low was seen at 61.8% corrective target at 135.23 and wave (iii) is about to unfold now. In the short term, we wil need a break above minor resistance at 136.62 to add confidence in this call for a rally higher to 139.02 and above to […]
Technical summary: A break below support at 1.7426 decided that the small triangle was a b-wave triangle and more downside action was to be expected. That also means that wave (iii) ended with a spike towards 1.9023 and wave (iv) now is unfolding towards 1.6599 as an ideal target. We will not alone find the […]
Technical summary: We still think that wave (ii) ended at 61.8% corrective target of wave (i) at 136.45 and wave (iii) should be developing now. We have seen a break above 136.41, but of cause need more evidence to perform a break above 137.60 to be more confident that wave (iii) is indeed developing for […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Many energy market observers say “oversupply” explains oil’s price plunge. Others blame the financial turmoil in China. We see a rare trend at work that you need to know about. Learn How the Wave Principle Can Improve Your Trading Related Posts:Will Netflix earnings take the share price closer to its… April 15, 2024 Netflix […]
EWI Chief Energy Analyst, Steve Craig, recorded an interview on Thursday morning (8/27) to discuss the recent volatility in crude oil. See Steve’s forecast just before crude jumped 9%. Get the rest of this interview, along with Steve’s full forecast for crude and natural gas http://bit.ly/1KR97Ya Learn How the Wave Principle Can Improve Your Trading […]
Technical summary: Small consolidation seen over the last couple of days does look like a small triangle. As we think the final rally in wave (iii) is still missed, we regard this triangle as red wave 8iv) and will be looking for one more rally higher in red wave iv to 1.9141. We are aware […]
Technical summary: A decline from 139.02 looks like a double zig-zag correction, and therefore more upside pressure is expected. In the short term, we will be looking for a break above minor resistance at 136.41 and more importantly a break above resistance at 137.59 confirming that a new rally to 139.02 and higher is developing. […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Just one week before the Shanghai Composite’s June 12 high, our Elliott Wave Financial Forecast said, “China’s stock market is definitely in a mania … the rush into shares will end badly for investors.” Now, we’re preparing subscribers for further global financial turmoil. Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical […]
Volatility scares a lot of investors. Here’s how to get over it: http://bit.ly/1IdtuNa Learn How the Wave Principle Can Improve Your Trading Related Posts:Will Netflix earnings take the share price closer to its… April 15, 2024 Netflix is set to announce strong EPS and revenue growth…Weekly forecast based on simplified wave analysis for… April 15, […]
Yes, China has crashed. But what about the big picture? Find out: http://bit.ly/1JfPiJX Learn How the Wave Principle Can Improve Your Trading Related Posts:Weekly Forex Outlook: 12/01/2024 – China GDP and December… January 12, 2024 China reports Q4 GDP data on Wednesday; is a rebound…EUR/USD. Traders exercise caution. Focus on China’s GDP and… October 19, […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx The investor stampede out of stocks has produced some of the most furious selling since the 2007-2008 financial crisis. Learn why ill-prepared money managers are contributing to the stunning downtrend. Learn How the Wave Principle Can Improve Your Trading Related Posts:Financial future on the horizon: US stocks rise ahead of… April 10, 2024 On […]
Technical summary: We have seen the expected rally, but it has move firmly above our 1.6930 target. This rally needs to stay below the top at 1.7103 or our count will be invalidated and the decline from 1.7077 should be regarded as an expanded flat calling for red wave iii higher to 1.7696. At this […]
Technical summary: The expected rally closer to 139.41 has unfolded nicely. In the short term, we will be looking for a break above the minor top at 138.85 as confirmation of the move higher to 139.41. Support is now found at 138.12, which ideally should protect the downside. Once the 139.41 target is reached, a […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Financial markets tend to turn when most investors least expect it. Deep complacency toward stocks suggests that more triple-digit Dow declines may be just ahead. Learn How the Wave Principle Can Improve Your Trading Related Posts:Financial future on the horizon: US stocks rise ahead of… April 10, 2024 On Tuesday, ahead of the release […]
Technical summary: We are still looking for a minor corrective rally to 1.6930 as long as minor support at 1.6732 protects the downside. From 1.6930 a new decline through 1.6732 should be seen for a decline to 1.6035 and maybe even lower to 1.5864. We have seen a nice five-wave rally from 1.3860 to 1.7103. […]
Technical summary: We have seen a break above the minor resistance-line indicating that red wave iv did indeed end at 137.03 and a rally towards 139.41 now should be seen. Short-term support at 137.44 is expected to protect the downside for a break above resistance at 138.40 confirming that red wave v towards 139.41 is […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/club/1507-MoneyShow-DLP.aspx Are you sitting down? Want to know what current global debt figures look like? Find out in this free video. Learn How the Wave Principle Can Improve Your Trading
Technical summary: We can consider a nice five-wave rally complete at the 1.7103 high. Therefore, we will be looking for a correction towards wave four of one or two to some degree. The first wave four of a smaller degree is found at 1.6337, which also marks the 23.6% corrective target, while the wave low […]
Technical summary: Red wave iv found support right at the inverse S/H/S neckline, but should stay above important support at 136.49 (the top of red wave i) for the next impulsive rally higher to 139.41 as the ideal target for red wave v and wave iii. In the short term, we will be looking for […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx For the first time since 2006, speculators are shorting gold. Sentiment was also extremely negative around the time of gold’s low in 2001. A 10-year bull market followed. Learn How the Wave Principle Can Improve Your Trading Related Posts:Trading Signals for GOLD (XAU/USD) for April 15-17, 2024:… April 15, 2024 Gold is trading around […]
Remember “Peak Oil”? A hugely popular theory from about 10 years ago “explaining” why oil prices would only go higher? They didn’t. See why oil fooled almost everyone. Learn How the Wave Principle Can Improve Your Trading Related Posts:World’s central banks continue to increase their gold… November 3, 2023 September has become another significant month […]
Technical summary: The decline from 1.7103 has become too deep to be part of wave B. It’s more likely that wave C is already developing form 1.7103 for a decline towards 1.6327 and possibly even lower to 1.6035 before the next impulsive rally higher should be expected. We have been fighting to figure out what […]
Technical summary: The inverse S/H/S neckline near 137.30 should provide support for a new rally above minor resistance at 138.40, confirming the next impulsive rally higher to at least 139.31 and likely even higher to 140.36 to end red wave v and wave iii. Only a clear break below the neckline will frustrate the overall […]
Technical summary: We continue to look for a b-wave rally to 1.7198 and maybe even higher to 1.7273 as the break above 1.7077 indicates that an expanded flat correction is unfolding. Therefore, we are looking for minor support in the 1.6890 – 1.6910 area for a move higher to 1.7198 before wave c lower to […]
