Technical summary: Wave b (ii) ended yesterday with the test of 135.35 and now we should see wave c of (ii) moving lower towards the target zone of 132.79 – 133.08 before a new impulsive rally above 136.96 should be considered. In the short term, we will see a break below support at 134.20 as […]
Technical summary: The expanded flat correction from 1.5247 continues to unfold as expected. In the short term, we will be looking for a break below the minor support at 1.5157 and more importantly below the support at 1.5130 that should cause renewed downside pressure for a decline towards 1.4725. The risk is that we only […]
Technical summary: The correction in wave (ii) is unfolding as expected. In the short term, we will be looking for a break below the minor support at 134.31 confirming a new test and a possible break below the support at 133.91 for a continuation lower to the 137.97 – 133.08 target zone. Once this correction […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Consumers are cautious and the economy remains weak. New data suggests that the U.S. economy may have actually shrank in Q1. Is the U.S. headed toward the same deflationary fate as Japan? Learn How the Wave Principle Can Improve Your Trading Related Posts:UK inflation report could shift the market’s focus away from… April 15, […]
Technical summary: The correction from 136.96 is unfolding as an impulsive (5 waves) decline. That means the correction must be a simple zigzag correction. In the short term, we are looking for a break below minor support at 134.32 confirming the next decline lower to 133.27 and even lower to the 38.2% corrective target at […]
Technical summary: A decline in wave c was as strong as expected. We are looking for a continuation lower to below 1.4913 and ideally lower to 1.4725, which marks the 38.2% corrective target of wave (i). In the short term, we expect minor resistance at 1.5158 to be able to protect the upside for a […]
Learn How the Wave Principle Can Improve Your Trading Related Posts:Gold Still Expected to Rise on Wall Street and Main Street April 15, 2024 Since geopolitical risks continue to push precious metal prices into…Energy in Focus: What news awaits investors on Wall Street April 15, 2024 US stocks came under selling pressure on Friday amid […]
Technical summary: As we stated yesterday, the most likely pattern for wave (ii) was an expanded flat correction and wave b came closer to the termination. Wave b has terminated at the 138.2% target of wave a and now we should see wave c move to 1.4913 for a decline towards 1.4725. However, an expanded […]
Technical summary: Ideally, the top of blue wave i at 135.29 will protect the downside for one last rally higher to an ideal target at 137.54. However, a clear wave five rally can be counted from a low of 126.02. That means the top could be already in place at 136.96 and thereby wave (i) […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx The U.S. territory of Puerto Rico faces a Greece-style debt crisis: If fact, Puerto Rico’s bond yields have spiked higher than those of Greece. Our indicators suggest that the next debt crisis could be worse than 2007-2009. Learn How the Wave Principle Can Improve Your Trading Related Posts:Week Ahead – More inflation data on […]
Technical summary: We think the best way to count the price action since the top of 1.5247 is that an expanded flat is unfolding. In this case one final decline to just below 1.4913 should be seen before the next strong rally higher. In the short term, a break below minor support at 1.5221 and […]
Technical summary: The rally continues to unfold as expected. Now we have a wave five rally from a low of 126.02 and ideally this final rally higher will stop near 137.54 before a larger correction of the entire rally of 126.02 is to be seen. In the short term, support at 135.29 is ideally likely […]
Europe is flashing signals pointing to BIG changes ahead. Join this special, free 5-video event to learn how to get out of the way of big threats — and also, capitalize on new opportunities! Learn How the Wave Principle Can Improve Your Trading Related Posts:Is there a possibility of no Fed rate cuts this year? […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Gold’s near-to-intermediate price trend is one thing, while the metal’s long-term trend is another. When a countertrend rally concludes, the turn can be swift and dramatic. Learn How the Wave Principle Can Improve Your Trading Related Posts:Forex forecast 04/16/2024: EUR/USD, USDX, Gold and SP500… April 16, 2024 We introduce you to the daily updated […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Your bank account may be more vulnerable to government seizure than you realize. Learn why a North Carolina small business owner who made an innocent mistake is still fighting to get his money back. Learn How the Wave Principle Can Improve Your Trading
Editor’s note: You’ll find the text version of the story below the video. The yields on U.S. Treasuries and European sovereign debt have risen sharply in a relative short time. Bond prices trend inversely to yields — which means debt portfolios have suffered substantial losses. From mid-April through May 6, yield on German 10-year bunds […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Professional investors don’t want to be on the sidelines if the stock market trend goes higher. Today they’re almost fully invested in risk assets. But our indicators suggest that now is the time to make the move to outsmart Wall Street. Learn How the Wave Principle Can Improve Your Trading Related Posts:Gold Still Expected […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Now that the US economy has all but stopped growing, should you sell stocks? Common wisdom may suggest yes, but take a look at this chart first… 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 hourly chart, the GBP/USD […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Bond investors have recently suffered steep losses as extraordinary volatility roiled credit markets. Learn why we say that “the insanity that pervades the world’s bond markets has reached epic proportions.” Learn How the Wave Principle Can Improve Your Trading Related Posts:Geopolitical developments and stronger US data push… April 16, 2024 Volatility remains extremely high […]
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Technical summary: As we said yesterday, a perfect rally of five wave has been seen from a low of 1.3880 and a correction should be expected. The first target to look for is a low of wave four of one lessor degree, which means wave iv at 1.4725, which also marks the 38.2% corrective target. […]
Technical summary: After a perfect rally to 135.82 (a high came in at 136.00), the expected correction in red wave iv has taken over. The first target to look for is the low of wave four (blue wave iv in this case) of one lessor degree. The bottom of blue wave iv is located at […]
Technical summary: Wave v has now tested the 38.2% target at 1.5109. It seems to be peaking for a larger correction towards 1.4724. A break below minor support at 1.4932 will be the first indication that wave v and 1 has peaked and a correction in wave 2 is unfolding. A very nice five-wave rally […]
Technical summary: The 135.82 target is currently being tested. It is likely to mark the top of red wave iii and call for a correction in red wave iv to just above support at 133.08. As red wave ii was a simple zig-zag correction, a shallow but complex red wave iv should be expected before […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Apple Inc. is by far the world’s largest company measured by market capitalization. In fact, in February 2015,Apple became twice as big as ExxonMobil, the world’s second largest company. But the Wave Principle tells a story that every Apple investor should know. Learn How the Wave Principle Can Improve Your Trading Related Posts:Market Comment […]
Technical summary: First of all, please notice we have changed our labeling slightly. So we have blue wave iii at 135.29 and the correction to 133.08 was only blue wave iv and we are currently working our way higher in blue wave v towards 135.82. This means the top we expect near 135.82 only will […]
Technical summary: The correction in wave iv ended already at 1.4724 before moving higher in wave v with the first possible upside target coming in at 1.5109 and the next target at 1.5350. Support is now found at the top of wave iii at 1.4899, which ideally will protect the downside for the rally towards […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Remember the popular idea that “good deflation,” brought on by plunging oil prices, would be a boon to the U.S. consumer? Well, you won’t believe what’s happened since. Learn How the Wave Principle Can Improve Your Trading Related Posts:EUR/USD. Analysis for October 30th. Good news for the euro October 30, 2023 The wave analysis of […]
Elliott Wave International’s Alexandra Lienhard recently sat down with the editor of our Currency Pro Service, Jim Martens. Learn what Jim sees next for such popular forex markets as Japanese yen (USDJPY) as well as the U.S. dollar. Don’t miss: Jim’s full interview also shows you charts and forecasts for EURUSD and GBPUSD — look […]
Technical summary: The correction from 1.4903 is becoming deeper than the first expected. It indicates that wave iii has completed just below the ideal target at 1.4983 and wave iv currently is unfolding. The correction in wave iv is approaching the 23.6% corrective target at 1.4732. A break below here will call for a continuation […]
