Today’s support and resistance levels: R3: 1.6255 R2: 1.6242 R1: 1.6228 Current spot: 1.6213 S1: 1.6194 S2: 1.6161 S3: 1.6142 Technical summary: The break below 1.7078 is disappointing, and indicates, that we are not yet ready to a new impulsive rally. Therefore we should expect resistance near 1.6245 will be able to turn prices back […]
Today’s support and resistance levels: R3: 137.32 R2: 137.18 R1: 137.08 Current spot: 136.95 S1: 136.90 S2: 136.84 S3: 136.69 Technical summary: With a new low below 136.87 we should be looking for the third and final zig-zag correction lower to 136.28 before the correction from 141.22 is over. Once this correction is over, we […]
Since hitting a record high of $1921.50 per ounce in September 2011, gold prices have erased 30% in value. By the end of day on October 3, 2014, gold prices were circling the drain of a 15-month low. After such devastation, the global community of gold analysts, advisors and investors finds itself scattered as an […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx The total assets of the Federal Reserve have ballooned to around $4.3 trillion. That’s more than twice the government expenditures for all 50 states. But the U.S. central bank has made a big blunder that could result in the loss of its credibility. Learn How the Wave Principle Can Improve Your Trading Related Posts:GBP/USD. […]
Have you ever looked at charts of the markets you followed and wondered: How can I look at a chart and find trading opportunities for myself? How much more successful would you be if you could recognize the high-probability trade setups that are staring you in the face … IF you just knew what to […]
Today’s support and resistance levels: R3: 137.76 R2: 137.64 R1: 137.44 Current spot: 136.96 S1: 136.86 S2: 136.60 S3: 136.36 Technical summary: We are still lock inside a narrow falling channel, but ideally support at 136.87 will protect the downside for a break above minor resistance at 137.76 and more importantly a break above 139.13, […]
Today’s support and resistance levels: R3:1.6168 R2: 1.6153 R1: 1.6140 Current spot: 1.61229 S1: 1.6100 S2: 1.6078 S3: 1.6063 Technical summary: There is not much to add from yesterday. We are still looking for a break above resistance at 1.6213 to confirm acceleration higher towards 1.6446 and higher to 1.6839. However, as long as minor […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx The stock market is not alone in seeing record high prices. Price extremes have recently occurred in at least three other markets. Financial amnesia has consequences. Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis – EURCHF eases slightly after 1-year peak April 10, 2024 EURCHF still stands above rising trend […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx The September jobless rate fell to 5.9% but that figure masks what’s really going on in the labor market. Find out what’s financing the so-called economic “recovery.” Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis – WTI oil pauses rally but remains… April 11, 2024 WTI oil futures step on […]
Today’s support and resistance levels: R3: 1.6152 R2: 1.6120 R1: 1.6082 Current spot: 1.6059 S1: 1.6040 S2: 1.6012 S3: 1.5978 Technical summary: We have seen a perfect test of the broken base-channel resistance-line at 1.5978 and this former resistance now support has protected the downside perfectly. We will now be looking for a break above […]
Today’s support and resistance levels: R3: 138.07 R2: 137.87 R1: 137.64 Current spot: 137.45 S1: 137.40 S2: 137.30 S3: 137.19 Technical summary: We did see a continuation lower to the 78.6% corrective target at 136.96 (the low came in at 136.87), this decline was followed by a strong rally above 137.75 to 137.87 and we […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx If Hong Kong protests were the cause of the Hang Seng’s recent rout, then the index would have been falling non-stop for the past 2 years — because that’s when Occupy Central movement was born. See for yourself. Learn How the Wave Principle Can Improve Your Trading Related Posts:Financial future on the horizon: US […]
Today’s support and resistance levels: R3: 1.6128 R2: 1.6088 R1: 1.6047 Current spot: 1.6032 S1: 1.6016 S2: 1.5978 S3: 1.5949 Technical summary: The correction from 1.6446 is becoming extremely deep. We are currently back-testing the base-channel resistance-line, which is now acting as support. Ideally this support near 1.5978 will protect the downside for a break […]
Today’s support and resistance levels: R3: 137.89 R2: 137.72 R1: 137.47 Current spot: 137.41 S1: 137.38 S2: 137.25 S3: 136.96 Technical summary: The correction in red wave ii just keeps moving lower. We are currently seeing a test of the magic 70.7% corrective target at 137.38, but as long as minor resistance at 137.72 protects […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Everyone shunned the U.S. dollar shortly before it bottomed in March 2008. Yet the greenback has recently been on a tear. Bear in mind that “cash is king” during a deflationary depression. Learn How the Wave Principle Can Improve Your Trading Related Posts:The dollar has not reached its potential April 15, 2024 What is […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Everyone shunned the U.S. dollar shortly before it bottomed in March 2008. Yet the greenback has recently been on a tear. Bear in mind that “cash is king” during a deflationary depression. Learn How the Wave Principle Can Improve Your Trading Related Posts:The dollar has not reached its potential April 15, 2024 What is […]
Today’s support and resistance levels: R3: 1.6294 R2: 1.6246 R1: 1.6186 Current spot: 1.6159 S1: 1.6135 S2: 1.6100 S3: 1.6083 Technical summary: The correction in wave iv from 1.6446 has been deeper than initially expected. However, we still believe support at 1.6135 will be able to protect the downside for a break above minor resistance […]
Today’s support and resistance levels: R3: 139.13 R2: 138.80 R1: 138.50 Current spot: 138.35 S1: 138.32 S2: 138.18 S3: 137.94 Technical summary: The correction in red wave ii from 141.22 has been deeper than originally expected and has almost hit the 61.8% corrective target at 137.89 (the low has been at 137.94). However, to indicate […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.socionomics.net/learn-about-socionomics/ Learn How the Wave Principle Can Improve Your Trading Related Posts:EUR/USD: Eurozone inflation actively declines, ending… November 1, 2023 The euro-dollar pair, after a sharp surge towards the resistance…AUD/USD: more declines in play October 31, 2023 The AUD/USD pair crashed today and it seems determined to…EUR/JPY: more declines activated October 30, 2023 The EUR/JPY […]
Today’s support and resistance levels: R3: 138.86 R2: 138.65 R1: 138.38 Current spot: 138.09 S1: 137.89 S2: 137.39 S1: 137.00 Technical summary: The failure to rally firmly above minor resistance at 139.25 and the following decline below 138.39 is dissapointing and tells us that more downside correction towards 137.87 and maybe even lower to 137.39 […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx A well-known market strategist recently said “rational exuberance” is at work in today’s stock market, based on a growing economy and the prospect for strong corporate earnings. But would it surprise you to learn that one of the most famous market crashes in modern history happened after US GDP had expanded for 20 straight […]
Today’s support and resistance levels: R3: 1.6514 R2: 1.6475 R1: 1.6446 Current spot: 1.6345 S1: 1.6308 S2: 1.6300 S3: 1.6266 Technical summary: We have seen the expected acceleration higher to 1.6407 after the break above the base channel resistance line. After a minor pause towards 1.6308, we should see a continuation higher towards 1.6830 as […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/club/investors-open-house/default.aspx Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis – Gold unlocks fresh all-time high again April 8, 2024 Gold reaches 2,353.90 above 161.8% Fibonacci extension MACD and RSI…Change in market sentiment raises risk appetite and… November 6, 2023 Global markets edged higher last week, evidently believing more positive…Analysis of Gold […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx A famous hedge fund manager recently said that deflation “is less likely than an asteroid hitting the earth.” Yet, Europe already faces very low inflation and outright deflation, and Japan just suffered a stunning economic setback. History shows that deflation has moved from other countries and into the US before. Learn How the Wave […]
Today’s support and resistance levels: R3: 139.15 R2: 139.10 R1: 139.01 Current spot: 139.91 S1: 138.81 S2: 138.71 S3: 138.61 Technical summary: The break below support at 138.47 has forced a short term recount. Instead of a 1-2 / 1-2 count, the rally from 135.80 to 141.22 only was wave i and the ongoing correction […]
Today’s support and resistance levels: R3: 1.6291 R2: 1.6203 R1: 1.6150 Current spot: 1.6128 S1: 1.6070 S2: 1.6058 S3: 1.6031 Technical summary: With the break above the base-channel resistance-line we should see acceleration higher towards 1.6203 on the way higher to 1.6407. Short term we will be looking for support at 1.6031, which idealy will […]
Editor’s note: The following article was republished here with permission from the co-editors of the September issue of The Elliott Wave Financial Forecast, a publication of Robert Prechter’s Elliott Wave International, the world’s largest financial forecasting firm. From Sept. 25 to Oct. 1, EWI is throwing open the doors to all of its investor services […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx A famous hedge fund manager recently said that deflation “is less likely than an asteroid hitting the earth.” Yet, Europe already faces very low inflation and outright deflation, and Japan just suffered a stunning economic setback. History shows that deflation has moved from other countries and into the US before. Learn How the Wave […]
Today’s support and resistance levels: R3: 1.6151 R2: 1.6107 R1: 1.6062 Current spot: 160.03 S1: 1.5970 S2: 1.5940 S3: 1.5912 Technical summary: We have finally seen the expected acceleration higher. The base-channel resistance-line is now broken and should provide even more upside acceleration towards the 1.6203 on the way higher towards 1.6407. In the longer […]
Today’s support and resistance levels: R3: 139.57 R2: 139.43 R1: 139.27 Current spot: 139.14 S1: 139.00 S2: 138.93 S3: 138.78 Technical summary: The correction from 141.22 has become deeper and more complex than first expected, but it does not alter our count, that this is a wave two correction and that the downside potential is […]
