Technical summary: With a low at 126.24, the correction in red wave ii held above an important low at 126.02 and the immediately bullish counts continue to dominate the picture. What’s more important is that resistance at 127.83 has been broken indicating that a bottom could be in place at 126.02 for a new long-term […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx When the crowd hops aboard a financial trend, it’s usually time to hop off. Now, the “ultimate” crowd has bought into the U.S. dollar rally. Is this a sign of an imminent reversal? Learn How the Wave Principle Can Improve Your Trading Related Posts:What to expect for the dollar next week? April 7, 2024 […]
Technical summary: Red wave iv is likely to be terminated at 1.4237 as we pointed out yesterday. However, the following minor correction was a bit more complex than we had expected. No matter what, we are currently looking for red wave v lower towards at least 1.3905 and even lower to 1.3700, if red wave […]
Technical summary: With a low at 126.02, we missed the ideal long-term target by just 4 small pips. Even though, we think the rally following the low looks impulsive but we would still like to see minor support at 126.96 protecting the downside for a rally to just above 127.83 to indicate the bottom being […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx All 31 banks that took the Fed’s annual “stress test” recently have passed (although some did better than others). But then, why would the FDIC vice chairmen say something like this? Watch. Learn How the Wave Principle Can Improve Your Trading Related Posts:Weekly Forex Outlook: 15/03/2024 – Five central banks: who… March 15, 2024 […]
Technical summary: We saw a sharp rally towards 1.4237 yesterday, which is just below the 50% corrective target for red wave iii and therefore it is more than likely that red wave iv ended at 1.4237.Red wave v is likely to move lower towards 1.3867 and possibly even lower to 1.3687 before a firm bottom […]
Technical summary: We can observe a correction in red wave iv, which could be some kind of triangle consolidation before the final decline closer to 125.98 to terminate wave C of the expanded flat correction, which has dominated the picture since late December 2013. After this decline in wave C is over, we should see […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Many energy analysts blame a supply glut for oil’s sharp decline in the past 10 months. The reason seems logical enough. But a little research shows why it’s probably not true. Learn more. Learn How the Wave Principle Can Improve Your Trading Related Posts:Video market update for April 05, 2024 April 7, 2024 Potential […]
Technical summary: We have seen a downward decline in wave v continue towards the 38.2% target at 1.4048, which calls for an extended wave v lower to 1.3867 and even lower to 1.3687 before a firm bottom is in place. In the short term, we are likely to see minor resistance at 1.4045 protecting the […]
Technical summary: The triangle count has worked perfectly and it should just be a matter of time, before the former low at 126.87 is broken and new lows for the year is seen. The ideal downside target is found at 125.98, where wave C of the expanded flat correction from late December will have corrected […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Corporate boardroom confidence has rarely been stronger. Mergers-and-acquisitions volume in 2015 is on pace to be the second highest on record. See a chart that shows just how dramatically the trend can change. Learn How the Wave Principle Can Improve Your Trading Related Posts:November 7, 2023 : GBP/USD Intraday technical analysis and… November 7, […]
Technical summary: We where split between a continuation lower towards 125.98 or whether a bottom had been already found. However, after having reviewed the short-term count, we changed ours slightly. We think the new count fits better and explains price actions over the last couple of weeks. This count shows that a triangle wave iv […]
Technical summary: TThe break below 1.4128 invalidated the possibility of a new impulsive rally being in motion. We changed our short-term count, which calls for a final decline closer to 1.3867 now and even 1.3687 before a firm bottom could be in place. In the short term, we will look for resistance at 1.4130 and […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Money managers are nearly fully invested in the stock market. An eerily similar setup was in place just three months before the 2007 market top. Take a look at this chart … Learn How the Wave Principle Can Improve Your Trading Related Posts:Can Q1 earnings season refuel the equity market rally? –… April 7, […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Many precious metals analysts attribute gold’s recent upward price surge to the weak March jobs report. But our indicators suggested the yellow metal would rise well before the latest jobs report. Here’s how we forecast the price of gold … Learn How the Wave Principle Can Improve Your Trading Related Posts:Can Q1 earnings season […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx After Friday’s (Apr. 3) disappointing jobs report, it’s only fair to ask how the economy is doing. Yes, that’s a loaded question. An article in The Sun Chronicle over the weekend put it more starkly… Learn How the Wave Principle Can Improve Your Trading Related Posts:EUR/USD. November 7th. Germany’s economy is going through… November […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx The S&P 500 index just notched nine winning quarters in a row. Yet many investment professionals see no signs of euphoria. This chart indicates otherwise. Learn How the Wave Principle Can Improve Your Trading Related Posts:Video market update for April 05, 2024 April 7, 2024 Potential for the further drop on NAS100 ….The material […]
Technical summary: We did see the expected rally yesterday, but there was no real follow-through towards the upside. Ideally, we will see minor support at 1.4382 protecting the downside for the rally higher towards 1.4631 and ideally above to confirm the bottom at 1.4128 and that more upside towards 1.4869 should be seen. At this […]
Technical summary: Wave (v) lower is well advanced, but we are still looking for one final decline towards 125.98 to end wave (v) of C of the expanded flat correction, that has been unfolding since late December 2013. Once wave (v) is done, a new impulsive rally to above 149.55 is expected. In the short […]
Technical summary: The correction from 1.4457 moved lower than expected and terminated at 1.4310, but the quick return into the base-channel indicates underlying strength. In the near term, we will be looking for a break above resistance at 1.4457 for a continuation higher to 1.4595. Now, a break above the base-channel resistance line near 1.4662 […]
Technical summary: EUR/JPY continues to move lower, but we still need a break below important short-term support at 128.33 to confirm a new test of 126.87 and more importantly new lows near 125.98. In the short term, only a break above 130.41 will call for the expected downside pressure. A break above resistance at 131.41 […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Chinese stocks hit a 7-year high today (Mar. 30). The Shanghai Composite is still far away from its 2007 all-time high, but in the first quarter of this year alone, it’s up 16%. What’s more, reports Bloomberg… Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis – EURUSD trims earlier gains […]
Technical summary: The expected upward rally is still on track. We are gathering strength to accelerate higher towards 1.4595 and much higher in the long term. In the short term, we expect minor support at 1.4389 to be able to protect the downside for a break above resistance at 1.4495 calling for acceleration to 1.4595 […]
Technical summary: As long as minor resistance at 131.51 protects the upside, we will be looking for more downside pressure. A break below support at 128.99 and more importantly a break below support at 128.33 will call for one final decline closer to 125.98 before the impulsive decline from 149.55 finally is over and a […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx U.S. taxpayer funded bailouts of failed financial institutions may be a thing of the past. If another financial crisis occurs, bondholders and even depositors may be on the hook. Is your bank on the “safest” list? Learn How the Wave Principle Can Improve Your Trading Related Posts:Weekly Forex Outlook: 22/03/2024 – Markets quiet down […]
Technical summary We are still looking for a close above the resistance line on the 4-hourly chart to confirm that a series of wave three is developing for a rally towards at least 1.4595. In the short term, a break above minor resistance at 1.4397 is going to be the first indication that resistance at […]
Technical summary: We are still looking for a break below support at 128.33 to confirm that a final decline closer to our long-term target at 125.98 is likely to be seen. At this point, only a break above 131.74 indicates that a bottom has already been found and a new impulsive rally is developing. In […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx On March 11, a well-recognized sentiment measure showed that 93% of gold traders were bearish. Wouldn’t you know it, gold has since rallied. Also, a recent development with gold pricing occurs for the first time in 96 years. Learn How the Wave Principle Can Improve Your Trading Related Posts:Why is gold defying gravity? – […]
Technical summary: The expected rally has worked just the way we anticipated. As red wave ii was flat, we are looking for extension in red wave iii and that calls for minimum 1.4583 and possibly even more upside towards 1.4649 before a correction in red wave iv. After a minor correction in red wave iv, […]
Technical summary: As long as resistance at 131.74 protects the upside, our preferred count shows that a final decline closer to 125.98 is still expected. However, if resistance at 131.74 is cleared, we will shift our count to the bullish count that indicates that a firm bottom is already in place at 126.87. Resistance at […]
