Elliott wave analysis of EUR/NZD for June 16, 2014

Today’s Support and Resistance levels: R3: 1.5728 R2: 1.5682 R1: 1.5631 Current spot: 1.5578 S1: 1.5566 S2: 1.5507 S3: 1.5455 Technical summary: We would normally expect a more complex blue wave iv, but the break below 1.5629 could be an indication that blue wave iv became very small and ended already at 1.5688. However, to […]

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Elliott wave analysis of EUR/JPY for June 16, 2014

Today’s Support and Resistance levels: R3: 138.56 R2: 138.23 R1: 137.95 Current spot: 137.80 S1: 137.72 S2: 137.50 S3: 137.20 Technical summary: Support at 137.72 (the starting point of wave i) needs to protect the downside for a break above minor resistance at 137.95 and more importantly, a break above resistance at 138.23 that confirms […]

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Elliott wave analysis of EUR/NZD for June 13, 2014

Today’s Support and Resistance levels: R3: 1.5858 R2: 1.5789 R1: 1.5704 Current spot: 1.5662 S1: 1.5629 S2: 1.5566 S1: 1.5507 Technical summary: Blue wave iii ended at 1.5566 (just above our target at 1.5550) and we should now see blue wave iv towards 1.5704 and maybe even higher towards 1.5789 before the final blue wave […]

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Elliott wave analysis of EUR/JPY for June 13, 2014

Today’s Support and Resistance levels: R3: 139.18 R2: 138.74 R1: 138.55 Current spot: 138.34 S1: 138.04 S2: 137.72 S3: 137.51 Technical summary: We finally found the bottom of wave (b) of the triangle consolidation at 137.72 and wave (c) higher towards 140.01 and more likely even closer to 141.10 developing. Ideally we will now see […]

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Elliott wave analysis of EUR/NZD for June 9, 2014

Today’s Support and Resistance Levels: R3: 1.6106 R2: 1.6062 R1: 1.6036 Current Spot: 1.6020 S1: 1.5973 S2: 1.5920 S3: 1.5878 Technical Summary: The corrective cycle is still unfolding here. We are still looking for a move closer to 1.5920 before blue wave (ii) is over and blue wave (iii) takes over for a rally to […]

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Elliott wave analysis of EUR/JPY for June 9, 2014

Today’s Support and Resistance Levels: R3: 140.08 R2: 139.75 R1: 139.46 Current Spot: 139.39 S1: 139.26 S2: 139.04 S3: 138.67 Technical Summary: With the overlap at 140.08 early today, the triangle scenario has now become the prefered count. It should only be a question of time before this minor correction from 140.08 is over and […]

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

Today’s Support and Resistance Levels: R3: 1.6148 R2: 1.6103 R1: 1.6045 Current Spot: 1.5974 S1: 1.5965 S2: 1.5920 S3: 1.5878 Technical Summary: The failure to accelerate higher through resistance at 1.6210 has delayed the upside pressure for a correction towards 1.5920 and maybe slightly lower towards 1.5878 before the next rally higher should be expected. […]

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

Today’s Support and Resistance Levels: R3: 140.08 R2: 139.93 R1: 139.65 Current Spot: 139.42 S1: 139.33 S2: 139.07 S3: 138.68 Technical Summary: The ECB decision to lower rates send the eurp on a minor roller coaster ride. However, important resistance at 140.08 held firm and the downside pressure is still dominating this cross. In the […]

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

Today’s support and resistance levels: R3: 1.6285 R2: 1.6235 R1: 1.6200 Current Spot: 1.6126 S1: 1.6120 S2: 1.6092 S3: 1.6075 Technical summary: Resistance at 1.6200 held the first attempt, but should not be able to protect the upside when the next attempt to break above this resistance takes place. Once this resistance is broken, we […]

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

Today’s Support and Resistance Levels: R3: 140.08 R2: 139.93 R1: 139.65 Current Spot: 139.56 S1: 139.33 S2: 139.07 S3: 138.68 Technical Summary: Important resistance at 140.08 was in no danger yesterday. We are now looking for resistance at 139.65 to protect the upside for a break below support at 139.33 confirming the next decline towards […]

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The Government’s Disastrous Reign over U.S. Money

Very few people know that the United States did not create a monetary unit pegged to “buy” some amount of metal, as if the dollar were some kind of money independent of metal. In 1792, Congress passed the U.S. Coinage Act, which defined a dollar as a coin containing 371.25 grains of silver and 44.75 […]

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

Today’s Support and Resistance levels: R3: 1.6285 R2: 1.6235 R1: 1.6200 Current spot: 1.6166 S1: 1.6120 S2: 1.6105 S3: 1.6075 Technical summary: We have finally seen the break above resistance at 1.6179, which confirms that an important long-term bottom was found at 1.5744. We will now be looking for a break above the base-channel resistance […]

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

Today’s Support and Resistance levels: R3: 141.55 R2: 140.94 R1: 140.08 Current spot: 139.68 S1: 139.49 S2: 139.07 S3: 138.68 Technical summary: The correction from 137.97 has extended, but as long as important resistance at 140.08 stays untouched, we will continue to regard this rally as an correction. In the short term we will be […]

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Elliott wave analysis of EUR/JPY for June 3, 2014

Today’s Support and Resistance levels: R3: 139.89 R2: 139.43 R1: 139.36 Current spot: 139.21 S1: 138.98 S2: 138.66 S3: 138.42 Technical summary: We have seen the expected corrective rally towards 139.36 (the high have been at 139.34). We are now looking for a break below support at 138.98 as the frist strong indication that a […]

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Elliott wave analysis of EUR/JPY for June 3, 2014

Today’s Support and Resistance levels: R3: 1.6179 R2: 1.6131 R1: 1.6109 Current spot: 1.6052 S1: 1.6039 S2: 1.5974 S3: 1.5930 Technical summary: We are locked in a short-term consolidation after the break above the falling trendline resistance. However, this consolidation should be over soon and a break above minor resistance at 1.6109 will confirm acceleration […]

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Elliott wave analysis of EUR/NZD for June 2, 2014

Today’s Support and Resistance levels: R3: 1.6179 R2: 1.6131 R1: 1.6097 Current spot: 1.6062 S1: 1.6018 S2: 1.5974 S3: 1.5930 Technical summary: The trend line resistance from 1.6996 has clearly been broken as we expected. This call for a continuation higher soon and we will be looking for a break above minor resistance at 1.6097 […]

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Elliott wave analysis of EUR/JPY for May 2, 2014

Today’s Support and Resistance levels: R3: 139.36 R2: 139.12 R1: 138.86 Current spot: 139.01 S1: 138.66 S2: 138.42 S3: 138.07 Technical summary: The rally from the 137.97 low has been slightly stronger than expected and indicates that blue wave v and red wave iii bottomed already at 137.97 and red wave iv is developing. We […]

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U.S. Economy and Price of Copper: A Surprising Connection

Price of copper — yep, stuff pennies are made from — and broad economy are closely linked. See Prechter’s update on copper and economy inside his new Elliott Wave Theorist . Get instant access now — when you start your free 2-week trial » http://bit.ly/1ndsQqT Enjoy this video from Elliott Wave International Learn How the […]

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

Today’s Support and Resistance levels: R3: 1.6179 R2: 1.6104 R1: 1.6058 Current spot: 1.6013 S1: 1.5978 S2: 1.5948 S3: 1.5907 Technical summary: We have seen a test of the trendline resistance near 1.6058, this trendline held on the first attempt, but we do not believe it will be able to protect the upside on the […]

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

Today’s Support and Resistance levels: R3: 139.36 R2: 138.81 R1: 138.50 Current spot: 138.09 S1: 137,69 S2: 137.20 S3: 136.67 Technical summary: We have seen the expected break below support at 138.56 confirming that blue wave v lower is developing. Even though we are looking for a move closer to 137.69, caution should be warranted […]

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A Hallmark of 5th Waves Hits a Precarious Extreme

History shows that debt-fueled speculation has accompanied every major market top. With that in mind, consider the urgent message you’ll see in these three charts. Enjoy this video from Elliott Wave International – find out how you can read Elliott Wave International’s analysis for free for 2 weeks: http://bit.ly/1ndsQqT Learn How the Wave Principle Can […]

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Elliott wave analysis of EUR/NZD for May 28, 2014

Today’s Support and Resistance levels: R3: 1.6179 R2: 1.6104 R1: 1.6058 Current spot: 1.6020 S1: 1.5978 S2: 1.5948 S3: 1.5907 Technical summary: The correction from 1.5981 became slightly deeper than expected, but with a low at 1.5907 important support at 1.5905 was secured and we should now see a continuation higher towards strong resistance at […]

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Elliott wave analysis of EUR/JPY for May 28, 2014

Today’s Support and Resistance levels: R3: 139.74 R2: 139.36 R1: 138.91 Current spot: 138.76 S1: 138.56 S2: 138.14 S3: 137.69 Technical summary: Blue wave ended early at 139.36 (the ideal corrective target was at 1.3974). We are now looking for a break below support at 138.56 to confirm the final decline in blue wave v […]

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The Single Most Important Market Indicator You Probably Aren’t Using

See how crowd psychology warned of a top in gold — and learn how to use this tool again in the future. Enjoyed this insight? Try our Financial Forecast Service free for 2 weeks — and see our latest insights and forecasts, today » http://bit.ly/1ndsQqT Enjoy this video from Elliott Wave International Learn How the […]

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Elliott wave analysis of EUR/NZD for May 27, 2014

Today’s Support and Resistance levels: R3: 1.6043 R2: 1.6021 R1: 1.5980 Current spot: 1.5934 S1: 1.5930 S2: 1.5907 S3: 1.5892 Technical summary: We are still looking for the next impulsive rally higher soon. As we said yesterday a series of waves one and two has likely developed and we should soon see a series of […]

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Elliott wave analysis of EUR/JPY for May 27, 2014

Today’s Support and Resistance levels: R3: 139.74 R2: 139.30 R1: 139.15 Current spot: 139.14 S1: 138.72 S2: 138.56 S3: 138.38 Technical summary: We are still looking for a rally a little higher towards the 139.74 corrective target before the next decline should be expected. That said we have to be aware of the possibility of […]

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Elliott wave analysis of EUR/NZD for May 26, 2014

Today’s Support and Resistance levels: R3: 1.6043 R2: 1.6021 R1: 1.5980 Current spot: 1.5965 S1: 1.5947 S2: 1.5907 S3: 1.5892 Technical summary: A series of waves one and two have been building and we should soon see a powerful break above resistance at 1.6021 for a rally towards 1.6179 and higher in the longer term. […]

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Elliott wave analysis of EUR/JPY for May 26, 2014

Today’s Support and Resistance levels: R3: 139.74 R2: 139.31 R1: 139.10 Current spot: 138.98 S1: 138.63 S2: 138.51 S3: 138.38 Technical summary: We have been trading in a very narrow range since Friday. This narrow range has been wave b of the ongoing correction, and we are still looking for a move closer to resistance […]

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Indian Stocks: You Want a REAL Opportunity? Know WHEN to Look for It

From Elliott Wave International’s February Asian-Pacific Financial Forecast (published Feb. 7): …Bloomberg reports that “more than $7 billion flowed from ETFs investing in developing-nation assets in January, the most since the securities were created.” Such massive selling…supports our view that emerging markets are ending large-degree three-wave declines. Conventional observers are asking the question, “Is this […]

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Elliott wave analysis of EUR/NZD for May 23, 2014

Today’s Support and Resistance levels: R3: 1.6043 R2: 1.6004 R1: 1.5960 Current spot: 1.5938 S1: 1.5907 S2: 1.5892 S3: 1.5869 Technical summary: We have been trading in a very narrow range since yesterday. We are still looking for support at 1.5907 to protect the downside for a new powerful rally above 1.5960 confirming a new […]

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