Elliott wave analysis of EUR/NZD for August 11, 2014

Today’s support and resistance levels: R3: 1.5757 R2: 1.5845 R1: 1.5825 Current spot: 1.5818 S1: 1.5797 S2: 1.5787 S3: 1.5778 Technical Summary: We have not really been able to gain any leadway the last couple of days and the reason is, that a wave iv triangle is unfolding. In the short term, we should see […]

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Elliott wave analysis of EUR/JPY for August 11, 2014

Today’s support and resistance levels: R3: 137.06 R2: 136.92 R1: 136.85 Current spot: 136.79 S1: 136.55 S2: 136.39 S3: 136.23 Technical summary: Wave iii ended a little early at 135.73, with the ideal target being 135.48. However, the break above 136.46 clearly told us, that wave iii was in place and wave iv was developing […]

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The Perilous Psychology of Financial Bubbles

nvestors justify financial bubbles all the way to the top. This perilous psychology led to massive losses after the market peaks of 2000 and 2007. Now, in 2014, the same warning is showing up in the financial news. Learn How the Wave Principle Can Improve Your Trading Related Posts:What will determine the direction of financial […]

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Memories of the “Iron Curtain” Are Flooding Back

What is Russia becoming increasingly belligerent ? Why did it veer off the progressive course that seemed so promising just a few years ago? Socionomics, a new science of social prediction pioneered by Robert Prechter, has some very interesting answers. Learn How the Wave Principle Can Improve Your Trading Related Posts:Daily Market Comment – Dollar […]

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Five Fatal Flaws of Trading

Close to 90% of all traders lose money. The remaining ten percent somehow manage to either break even or even turn a profit — and more importantly, do it consistently. How do they do that? That’s an age-old question. While there is no magic formula, Elliott Wave International’s Senior Trading Instructor Jeffrey Kennedy has identified […]

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(Interview) Your Best Market Bets in Europe and Asia Right Now

Enjoy this 7-minute interview with Elliott Wave International’s global opportunities expert Chris Carolan. You will learn where Chris sees the best market opportunities unfolding in both Europe and Asia right now. Chris also tells you how he combines Fibonacci and Keltner channel analysis with Elliott waves — to spot trades. That’s the kind of useful […]

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Gold: The Perfect Hedge Against Global Tensions?

“Gold is a great hedge against inflation, escalating geopolitical tensions, trade skirmishes and repeated rounds of currency depreciation,” said a market strategist. Many other gold investors also look to the “fundamentals.” Learn why you might want to consider a different approach to your decisions about gold. Learn How the Wave Principle Can Improve Your Trading […]

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Elliott wave analysis of EUR/NZD for August 6, 2014

Today’s support and resistance levels: S3: 1.5900 S2: 1.5867 S3: 1.5855 Current spot: 1.5833 S1: 1.5800 S2: 1.5788 S3: 1.5766 Technical summary: We saw a dip just below our expected corrective target at 1.5705 (the low came in at 1.5699) before the next impulsive upswing. Look for support near 1.5800 for the next rally to […]

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Elliott wave analysis of EUR/JPY for August 6, 2014

Today’s support and resistance levels: R3: 137.35 R2: 137.25 R1: 137.15 Current spot: 137.05 S1: 136.83 S2: 136.72 S3: 136.63 Technical summary: With the break below support at 137.42, we had the confirmation needed to say, that red wave v lower 135.49 was developing. In a short term, we are looking for minor resistance at […]

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Here’s How to Know When the Fed Might Raise Interest Rates

Watching the unemployment rate to see when the Fed may act? There is a better indicator. See for yourself. Learn How the Wave Principle Can Improve Your Trading Related Posts:Analysis of GBP/USD on May 10th. The Bank of England is… May 10, 2023 The wave analysis for the pound/dollar pair still looks complex…Bank of England […]

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Elliott wave analysis of EUR/NZD for August 5, 2014

Today’s support and resistance levels: R3: 1.5848 R2: 1.5825 R1: 1.5790 Current spot: 1.5738 S1: 1.5729 S2: 1.5705 S3: 1.5700 Technical summary: The correction from 1.5829 is still unfolding and we are looking for a decline closer to 1.5705, before the next impulsive rally higher through 1.5829 is expected for a continuation higher to 1.5900 […]

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Elliott wave analysis of EUR/JPY for August 5, 2014

Today’s support and resistance levels: R3: 138.00 R2: 137.92 R1: 137.72 Current spot: 137.52 S1: 137.42 S2: 137.25 S3: 137.00 Technical summary: We are looking for the first strong indication, that red wave v lower to 135.49 is unfolding. A break below minor support at 137.42 will be the first such indication and call for […]

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“No Single Catalyst” for the Worst Weekly Drop in Two-Plus Years

Two strongly positive economic reports were in the news on the day the S&P 500 concluded its worst weekly drop in more than two years. Traders could find “no single catalyst” for the Dow’s 317-point plunge. If news events do not govern the market’s trend, what does? Learn How the Wave Principle Can Improve Your […]

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Elliott wave analysis of EUR/NZD for August 4, 2014

Today’s support and resistance levels: R3: 1.5848 R2: 1.5825 R1: 1.5790 Current spot: 1.5782 S1: 1.5752 S2: 1.5792 S3: 1.5705 Technical summary: We saw an unexpected rejection from 1.5812, which indicates that a slightly bigger correction towards 1.5705 is needed. However, once this correction is over, we should renew strength higher through 1.5829 for a […]

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Elliott wave analysis of EUR/JPY for August 4, 2014

Today’s support and resistance levels: R3: 138.44 R2: 138.11 R1: 138.11 Current spot: 137.88 S1: 137.72 S2: 137.50 S3: 137.25 Technical summary: We saw a rally to 138.00, just below the ideal target of 138.05, but that should be enough to achieve the target. Now, we will be looking for a break below support at […]

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“Buy the Dip?” or “Run for Cover”?

The two quotes you are about to see were published seven years apart. One quote is from 2007, the other published this year. As you read them, try to guess which one is which. Here’s the first one… Learn How the Wave Principle Can Improve Your Trading

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EURUSD and AUDUSD: 2 Markets, 1 Pattern, Huge Opportunity

Written Article – http://www.elliottwave.com/freeupdates/archives/2014/07/30/EURUSD-and-AUDUSD-2-Markets,-1-Pattern,-Huge-Opportunity-.aspx#axzz3955LGybI What do the EURUSD and AUDUSD have in common? Well, besides being two of the highest trading volume currencies, they also proved the predictable nature of Elliott wave patterns. See for yourself. Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical analysis on EURUSD for May 15th, 2023. May […]

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Elliott wave analysis of EUR/NZD for August 1, 2014

Today’s support and resistance levels: R3: 1.5900 R2: 1.5868 R1: 1.5845 Current spot: 1.5825 S1: 1.5795 S2: 1.5774 S3: 1.5756 Technical summary: We’ve reached a new high at 1.5825 where we should expect a continuation higher to the next extension target at 1.5900 and maybe even higher. Short-term minor support at 1.5795 ideally will protect […]

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Elliott wave analysis of EUR/JPY for August 1, 2014

Today’s support and resistance levels: R3: 138.44 R2: 138.11 R1: 138.05 Current spot: 137.91 S1: 137.72 S2: 137.56 S3: 137.25 Technical summary: Red wave iv is still unfolding, but it should still stop next to resistance at 138.05, from where a new strong decline to 135.49 is expected. In the longer term, we are still […]

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Will Earnings Drive Stock Prices Higher?

Written Article – http://www.elliottwave.com/freeupdates/archives/2014/07/31/Will-Earnings-Drive-Stock-Prices-Higher.aspx#axzz3955LGybI The notion that “earnings drive stock prices” powers a lot of research on Wall Street. See a chart that torches this assumption. Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis – Meta stock fragile ahead of earnings April 26, 2023 Facebook’s stock (Meta platforms) closed below the […]

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The Stock Market with Elliott Wave Labels from 1693 to Present Day Reveals a Bear Market Formation Since 2000

The following article was adapted from Robert Prechter’s June 2014 issue of The Elliott Wave Theorist, one of the longest-running investment letters in the business, continuously published monthly since 1979. Figure 1 shows the stock market’s waves from 1693 to the present. The circled Roman numerals denote waves of Grand Supercycle degree, the largest complete […]

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Elliott wave analysis of EUR/NZD for July 31, 2014

Today’s suppoert and resistance levels: R3: 1.5900 R2: 1.5868 R1: 1.5812 Current spot: 1.5773 S1: 1.5745 S2: 1.5730 S3: 1.5722 Technical summary: Not much news to add here. We have seen a very narrow trading range since yesterday, where we were trading between 1.5722 – 1.5804. We are still looking for a break above the […]

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Elliott wave analysis of EUR/JPY for July 31, 2014

Today’s support and resistance levels: R3: 138.11 R2: 138.05 R1: 137.85 Current spot: 137.77 S1: 137.56 S2: 137.25 S3: 136.98 Technical summary: We saw a strong rally is USD/JPY, which of course also had its effects on this cross. The break above resistance at 137.25 told us, that red wave iv was not over yet […]

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4% GDP Growth — And “The Age-Old Story of Easy Credit”

“The age-old story of easy credit” is in the middle of another chapter. Why? Because once again, lenders and borrowers believe that the future is bright enough for the easy money to be paid back. Learn How the Wave Principle Can Improve Your Trading Related Posts:Market sentiment to change only on condition credit crunch… May […]

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Elliott wave analysis of EUR/NZD for July 30, 2014

Today’s support and resistance levels: R3: 1.5900 R2: 1.5868 R1: 1.5812 Current spot: 1.5755 S1: 1.5745 S2: 1.5730 S3: 1.5713 Technical summary: We have seen the expected minor correction to 1.5745. Soon, we will see renewed upside pressure for a break above 1.5796 for a rally closer to the 200% extension target at 1.5900. In […]

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Elliott wave analysis of EUR/JPY for July 30, 2014

Today’s support and resistance levels: R3: 137.25 R2: 137.11 R1: 137.03 Current spot: 136.93 S1: 136.86 S2: 136.76 S3: 136.62 Technical summary: We saw a spike to 137.11 yesterday, just above our expected resistance at 137.01. This spike lifts the downside target to 136.10, but it changes no more than that. We are currently looking […]

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Why the “Single Biggest Category of Stock Buyers Today” Are on Shaky Ground

Written article – http://www.elliottwave.com/freeupdates/archives/2014/07/29/Why-the–Single-Biggest-Category-of-Stock-Buyers-Today–Are-on-Shaky-Ground.aspx#axzz38t4VF440 U.S. corporate stock buybacks are approaching the record-high level of 2007. This alone should serve as a red flag for investors. But today, there’s a big difference that poses an “added danger.” Learn How the Wave Principle Can Improve Your Trading Related Posts:Key earnings season themes to affect corporate outlook –… […]

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Your Best Market Bets in Europe and Asia Right Now

Interview: Our global markets expert Chris Carolan talks opportunities across Europe and Asia Learn How the Wave Principle Can Improve Your Trading Related Posts:Key earnings season themes to affect corporate outlook –… May 16, 2023 As the Q1 earnings season draws to an end, investors…Daily Market Comment – Focus shifts to US retail sales and… […]

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Elliott wave analysis of EUR/NZD for July 29, 2014

Today’s support and resistance levels: R3: 1.5900 R2: 1.5868 R1: 1.5812 Current spot: 1.5776 S1: 1.5776 S2: 1.5745 S3: 1.5730 Technical summary: The expected extension higher in wave iii is unfolding nicely. We are sitting just below the first extension target at 1.5812, which might be able to hold the rise back for a short […]

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Elliott wave analysis of EUR/JPY for July 29, 2014

Today’s support and resistance levels: R3: 137.25 R2: 137.11 R1: 137.00 Current spot: 137.01 S1: 136.92 S2: 136.82 S3: 136.72 Technical summary: We are currently testing strong short-term support at 137.00, which ideally will protect the upside for a break below 136.92 and more important below support at 136.82. It confirms the next decline to […]

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