Technical summary: The decline towards the ideal downside target at 125.98 is unfolding nicely. Short term, we expect minor resistance at 131.88 to protect the upside for a break below minor support at 131.18. That is likely to confirm decline to 130.06 before the next minor consolidation takes place. This decline should continue to move […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx U.S. inflation remains low despite the Federal Reserve’s unprecedented policy of monetary easing. Global inflation is also subdued. See a major indicator that reflects worldwide economic weakness. Learn How the Wave Principle Can Improve Your Trading Related Posts:Week Ahead – ECB decision and US inflation to fuel FX… April 7, 2024 Central bank decisions […]
Technical summary: Red wave ii corrected almost 100% of red wave i and we are now looking for a break above a minor resistance at 1.4768, which confirms that red wave iii is developing higher towards at least 1.4990. Short term, we expect minor support around 1.4616 – 1.4634 area to protect the downside against […]
Technical summary: The decline towards an ideal downside target for wave (v) of C continues to unfold as expected. In the short term, we are looking for moving lower towards 129.64 and perhaps even lower towards 128.69 in blue wave iii. As we have seen a series of waves one and two, a series of […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx In this new interview, Elliott Wave International’s Chief Market Analyst, Steve Hochberg, gives you his latest insights on the NASDAQ and explains why the sentiment surrounding the NASDAQ rally is, well — “interesting.” Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical analysis on Nasdaq for November 7th, 2023. November 7, 2023 […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Crude oil’s dramatic price decline is one of the biggest financial stories of the past year. At the top, most speculators expected oil’s price to climb even higher. Lopside sentiment and the Wave Principle indicated otherwise. Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis of Intraday Price Movement of Filecoin… […]
The rally of 1.4554 low does look impulsive. It is the first indication that a long-term bottom is in place. The expected rally higher should last for many weeks and months. It should ultimately bring the prices above 1.7274 but let’s take this in baby-steps and look for a break above minor resistance at 1.4919 […]
Technical summary: A series of waves one’s and two’s has been developing, but should soon be offset with a series of waves three’s and four’s, which means the decline towards 125.98 will consist of small sharp dips followed by small corrections, but all the time moving lower towards the ideal target. At no point we […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Since 1949, the amount of credit in our financial system has expanded dramatically. But a reversal appears to be in the making. Many merchants are rejecting credit even though it’s almost free. Learn How the Wave Principle Can Improve Your Trading Related Posts:EUR/USD. October 31st. The euro takes a small break October 31, 2023 […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Today, we are speaking with Jim Martens, our Chief Currency Strategist. — Jim, the euro has just touched an 11-year low against the dollar. Did you ever think you’d live to see this day? Learn How the Wave Principle Can Improve Your Trading Related Posts:What to expect for the dollar next week? April 7, […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Manufacturing jobs was the foundation of the U.S. economy. But since 1979, manufacturing jobs have been disappearing. We’ve gone from “making things” to “financing things.” Learn why this is a harbinger of economic deterioration. Learn How the Wave Principle Can Improve Your Trading Related Posts:Weekly Forex Outlook: 29/03/2024 – Rate cut hopes rest on […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx The conventional wisdom says that as long as the economy is growing, so is the stock market. Except, it’s not exactly true. See for yourself. Learn How the Wave Principle Can Improve Your Trading Related Posts:Video market update for April 15, 2024 April 15, 2024 Potential for the further rally on USD/JPYThe material has […]
Technical summary: With a new all-time low, we are getting close to the long-term support line, which currently is seen near 1.4700. We expect this long-term support line will protect the downside, but to confirm a change in the trend a minor five-wave rally is needed and this has not been seen yet. In the […]
Technical summary: We are still looking for a clear break below support at 133.51 to confirm that wave (v) lower is indeed developing. In the short term, we will ideally see minor resistance at 134.27 which will protect the upside for a break below 133.51 for an acceleration towards 130.18. Only an unexpected break above […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Many retirees could receive a smaller payout from their pension plans than they expect. Once considered out of the question, pension plan cuts are now on the table. One governor has just proposed a freeze on his state’s pension plan. Learn How the Wave Principle Can Improve Your Trading Related Posts:Will Fed officials reiterate […]
Technical summary: We are back at the low from mid-January. Looking at the monthly chart, we can see that strong support is found near 1.4700. We also have a big doji candle in January indicating a possible bottom being in place or at least nearby. However, to confirm a bottoming being in place, we need […]
Technical summary: The break below the support-line from 130.14 has forced us to consider wave (iv) as shown. The latter part of this count is very messy and we are still cautious as this mess quickly could turn into something entirely different. To make this count valid, we should stay below resistance at 135.37 for […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Once again, “…the ‘plumber and barber sentiment index‘ is near an all-time high.” And, “when nearly all investors are bullish, they tend to view the stance as conservative, because, after all, everyone is doing it.” Learn How the Wave Principle Can Improve Your Trading Related Posts:Financial future on the horizon: US stocks rise ahead […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Millions of investors analyze the Fed’s every word. But do central banks control financial markets? It’s time to take a close look at the data. Learn How the Wave Principle Can Improve Your Trading Related Posts:Outlook for EUR/USD on April 5. The inconsistent market and… April 8, 2024 Analysis of EUR/USD 5M EUR/USD tried […]
Technical summary: We saw a minor break above resistance at 1.5209 yesterday, which was followed by a quick reversal lower. We count this as a new wave one and two developing, but this also means that support at 1.5023 can not be broken as it would shift the count to black wave ii unfolding as […]
Technical summary: We have been locked inside a range between 133.51 and 135.91 the last couple of days. The question of course is whether wave (iv) ended at 136.69 or one more rally higher towards 137.65 is needed? As long as support at 133.51 protects the downside, we will let bulls have the benefit of […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx After 15 years, the Nasdaq has returned to the lofty level of the Internet bubble days. One money manager says the tech-heavy index now sports stronger fundamentals vs. March 2000. But will stellar earnings send the Nasdaq higher? Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis – Gold unlocks fresh […]
Technical summary: With the break above the resistance line from 1.5821, now we have two strong signals that the correction in wave (ii) is over and wave (iii) higher towards 1.6456 is unfolding. All we need now is a break above minor resistance at 1.5209 to confirm it. We saw a firm bottom at 1.4945 […]
Technical summary: As long as support at 133.51 protects the downside, the upward correction from 130.14 could still move higher towards 137.65, but a break below 133.51 will indicate, that wave (iv) ended already at 136.69 and wave (v) lower towards 125.98 is developing. Short-term resistance is found at 1355.35 and again at 135.94 which […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Learn How the Wave Principle Can Improve Your Trading Related Posts:Market Comment – Gold slides, dollar regains strength as… November 7, 2023 Dollar regains some lost ground as US yields bounce back …World’s central banks continue to increase their gold… November 3, 2023 September has become another significant month for gold purchases by…Market Comment – […]
Technical summary: Support at 1.5000 was pierced shortly on Friday, but the quick return higher and the bullish engulfing candle does indicate that wave (ii) ended at 1.4945 and wave (iii) higher towards at least 1.6455 should now be expected. We will of certainly like to see a break above resistance at 1.5209 too, as […]
Technical summary: On Friday prices broke below 133.92 shortly, but failed to make a follow through. On the other side, prices have not been able to break above resistance at 135.94. So the big question is of course, whether the correction from 130.14 is still unfolding or wave (iv) terminated at 136.69 and wave (v) […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Subprime loans have reached the highest level since the start of the financial crisis. A new crop of nonbank lenders has entered the subprime marketplace. We’ve seen this movie before and it doesn’t end well. Learn How the Wave Principle Can Improve Your Trading Related Posts:Gold rallies above $2000 per ounce: result of Middle […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Driving in my car the other day, I heard an ad on the radio that, I thought, did a good job of summarizing the state of our economy “on the ground,” so to speak, where the real, everyday people are trying to make it work. It went like this… Learn How the Wave Principle […]
Technical summary: We have seen the expected test of minor resistance at 1.5210 (the high was seen at 1.5209). We will now look for the final decline closer to support at 1.5000 before the correction from 1.5821 finally is over and a new impulsive rally can be expected. The short-term resistance at 1.5209 will protect […]
