Elliott wave analysis of EUR/JPY for May 7, 2014

Today’s Support and Resistance levels: R3: 142.09 (critical level) R2: 141.74 R1: 141.45 Current spot: 141.31 S1: 140.99 S2: 140.23 S3: 139.15 Technical summary: The downside pressure is surely mounting here, but we still need that vital break below vital support at 140.99 to release this downside pressure for real. A break below 140.99 should […]

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

Today’s Support and Resistance levels: R3: 1.6018 R2: 1.5992 R1: 1.5975 Current spot: 1.5959 S1: 1.5920 S2: 1.5837 S3: 1.5766 Technical summary: With the break below support at 1.5975, the battle between the bulls and the bears was decided and the bears won. We should now see support at 1.5975 to protect the upside for […]

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

Today’s Support and Resistance levels: R3: 142.47 R2: 142.38 R1: 142.00 Current spot: 141.96 S1: 141.65 S2: 141.12 S3: 140.63 Technical summary: We do expect imidiately downside pressure to emerge for a break below 141.65 and more importantly a break below 141.12 to confirm a continuation lower towards 140.08 as the next downside target. A […]

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

Today’s Support and Resistance levels: R3: 1.6128 R2: 1.6095 R1: 1.6048 Current spot: 1.6021 S1: 1.5974 S2: 1.5956 S3: 1.5914 Technical summary: It is “Make it or break it” time. A break below support at 1.5974 indicates that we will see one last decline towards the long-term target at 1.5566. If however, support at 1.5974 […]

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

Today’s Support and Resistance levels: R3: 142.38 R2: 141.99 R1: 141.65 Current spot: 141.42 S1: 141.12 S2: 140.63 S3: 140.08 Technical summary: Important resistance at 142.47 has protected the upside and we are now looking for a break below minor support at 141.12 and more importantly a break below support at 140.99 as a confirmation […]

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A Classic Case of Early Bear-Market Buying

Investment pros and the public alike tend to extrapolate today’s financial trends into the future. Both groups can face substantial losses when a trend turns. Learn about a classic case of early bear-market buying: http://bit.ly/1ndsQqT Enjoy this video from Elliott Wave International Learn How the Wave Principle Can Improve Your Trading Related Posts:Key earnings season […]

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U.S. Economy: Why You Should Prepare for a Further Slowdown

Learn what you need to know about the unfolding economic trend. Review EWI’s Financial Forecast Service — FREE for two weeks » http://bit.ly/1ndsQqT Enjoy this video from Elliott Wave International Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis – JP225 index advance stalls; bears… April 20, 2023 The JP225 cash index […]

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

Today’s Support and Resistance levels: R3: 142.72 R2: 142.47 R1: 142.14 Current spot: 141.97 S1: 141.75 S2: 141.42 S3: 141.12 Technical summary: We have been trading in a tight range for the last couple of days. Ideally resistance at 142.14 will protect the upside for a break below minor support at 141.75, and more importantly, […]

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[Video] How to Easily Identify High-Confidence Trade Setups

Elliott Wave International’s technical analysis expert, Jeffrey Kennedy, shows you the first step in identifying a high-confidence trade setup in this 4-minute video clip. It’s taken from a live lesson he taught on April 9, 2014. If you would like to learn more, sign up for Jeffrey’s free 45-minute webinar, “4 Critical Elements of High-Confidence […]

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Stocks: Why News-Driven Forecasts Are Not the Answer

On April 30, the Federal Reserve said they would keep trimming their bond purchases while keeping interest rates at zero. Also, on the same day the new GDP number showed that the U.S. basically stalled in Q1. All that sounds pretty negative for stocks. Yet you’d be surprised to know that…http://bit.ly/1ndsQqT Enjoy this video from […]

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FREE WEBINAR: 4 Critical Elements of High-Confidence Trading

What’s in a price chart? A lot! Plain and simple, price patterns help you spot high-confidence trading and investing opportunities. Yes, fundamentals have their place, but technical analysis — forecasting the market by looking for price patterns — gives you a tremendous edge. Oh, you already use technical indicators? Then you’re a step ahead of […]

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

Today’s Support and Resistance levels: R3: 1.6285 R2: 1.6202 R1: 1.6129 Current spot: 1.6095 S1: 1.6070 S2: 1.6000 S3: 1.5952 Technical summary: We are still looking for a decline to 1.6000, no matter which count turns out to be the correct one. We still prefer the bearish count calling for one last decline closer to […]

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

Today’s Support and Resistance levels: R3: 142.73 R2: 142.47 R1: 142.18 Current spot: 141.93 S1: 141.66 S2: 141.42 S3: 141.12 Technical summary: We have seen a new break above minor resistance at 141.80, which is frustrating, as the short-term patterns get even more complex than they already are. Ideally resistance at 142.18 will now protect […]

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Elliott Wave Analysis of AUD/USD for April 30, 2014

AUD/USD Elliott Wave Since our last analysis, the AUD/USD pair has been trading upwards, impulsive wave (i) (coloured blue) of the bigger wave [v] (coloured green) has been developing. In the 1-hour chart above, we can observe that ascending movements from the 0.9223 level has found resistance at the 0.9295 level. We are going to […]

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Elliott Wave Analysis of USD/CAD for for April 30, 2014

USD/CAD Elliott Wave From the early start of this week, the USD/CAD pair has been trading downwards, impulsive wave [i] (coloured green) of the bigger wave C (coloured red) has been developing. In the 90-minutes chart of the pair above, we can see that the price has retraced towards the 50% of the previous upwards […]

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One Sentiment Gauge in Europe Reaches Epic Proportion

The one-two punch 2014 winter storms that battered the southeastern United States left $13.5 million in damages in Georgia alone and thousands of residents displaced due to burst pipes and power outages. I am one of the displaced. Three months after the flood, I’m still living out of suitcases in a hotel while my apartment […]

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Inside Story: What It Means When the DJIA Goes Post-Industrial

Every time you use a new app on your smartphone, you may utter a silent prayer of gratitude for living in a post-industrial age. No more back-breaking heavy labor. Now, it’s all about technology and brain power. But what does it mean when the Dow Jones Industrial Average enters the post-Industrial Average age? Here’s a […]

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

Today’s Support and Resistance levels: R3: 1.6217 R2: 1.6196 R1: 1.6175 Current spot: 1.6120 S1: 1.6097 S2: 1.6057 S3: 1.6000 Technical summary: It is still an open question whether we only have seen a correction from 1.5766 or we are at the beginning of an impulsive rally of this low. The big question is whether […]

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

Today’s support and resistance levels:R3: 141.80 R2: 141.69 R1: 141.47 Current Spot: 141.31 S1: 140.99 S2: 140.60 S3: 140.37 Technical summary:Red wave ii ended exactly at the 70.7% corrective target at 142.47 and the decline from 142.47 does look impulsive. We will now be looking for minor resistance at 141.47 to protect the upside for […]

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Elliott Wave Analysis of USD/CAD for for April 29, 2014

USD/CAD Elliott Wave Since our last analysis, the USD/CAD pair has been trading downwards, just like we expected, corrective wave [b] of [z] has been developing. In the 1-hour chart above, we can observe that correction from the 1.1053 is looking as the FLAT pattern, and if we are correct, we should see more downside […]

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Elliott Wave Analysis of AUD/USD for April 29, 2014

AUD/USD Elliott Wave The AUD/USD pair has continued to trade downwards on Monday, since our primary count reached invalidation level, we have moved to first alternate view for now. In the 1-hour chart of the pair, we can observe that we are labeling descending movement from the 0.9460 level as the double three pattern (7-swings), […]

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

Today’s Support and Resistance levels: R3: 1.6438 R2: 1.6363 R1: 1.6322 Current spot: 1.6264 S1: 1.6201 S2: 1.6151 S3: 1.6097 Technical summary: The break above resistance at 1.6180 is a game changer. The triangle scenario is clearly invalidated and it is now a question whether we saw an important bottom at 1.5766 or not. If […]

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

Today’s Support and Resistance levels: R3: 143.20 R2: 142.73 R1: 142.47 Current spot: 142.38 S1: 141.98 S2: 141.68 S3: 140.99 Technical summary: The break above resistance at 141.99 has changed our short term count slightly. Instead of red wave ii being in place at 142.00 it has extended towards the 70.7% corrective target at 142.47. […]

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Why a 700-Page Book about Economics is No. 1 on Amazon

The top 10% of earners surpass a historic milestone for the first time. Learn why you should be concerned http://bit.ly/1ndsQqT Enjoy this video from Elliott Wave International Learn How the Wave Principle Can Improve Your Trading Related Posts:Amazon Q1 earnings: another unpleasant report – Stock Market… April 26, 2023 The giant tech company Amazon.com will […]

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Bigger IPO Bubble Than 1999

The 1999 stock market saw frenzied buying of initial public offerings. Yet today’s IPO market has been even more exuberant. One well-known hedge fund manager is sounding the alarm http://bit.ly/1ndsQqT Enjoy this video from Elliott Wave International Learn How the Wave Principle Can Improve Your Trading Related Posts:USD/JPY analysis for March 22, 2023 – Potential […]

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(Video) Housing Market Fall Part 2: Another “Enormous Crater”?

U.S. home prices peaked in 2006, then fell into the deepest crater since 1933. The subprime mortgage meltdown was a sudden shock and real estate’s decline was swift. This chart suggests that the housing market now faces an even bigger crater http://bit.ly/1ndsQqT Enjoy this video from Elliott Wave International Learn How the Wave Principle Can […]

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Elliott Wave Analysis of AUD/USD for April 28, 2014

AUD/USD Elliott Wave For the last couple of days, the AUD/USD pair has been trading downwards, corrective wave [iv] (coloured green) of the bigger wave C (coloured red) has been developing. In the 60-minutes charts above, we can observe that down cycle from the 0.9461 level is over at 0.9247, and from there the price […]

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Elliott Wave Analysis of USD/CAD for April 28, 2014

USD/CAD Elliott Wave From the start of April, the USD/CAD pair has been trading steadly upwards, corrective wave [a] (coloured green) of the bigger wave Z (coloured red) has been developing. In the 1-hour chart of the pair above, we can observe that (c) of [a] wave have finished at the 1.1053 level, and from […]

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

Today’s Support and Resistance levels: R3: 1.6232 R2: 1.6180 R1: 1.6141 Current spot: 1.6122 S1: 1.6104 S2: 1.6083 S3: 1.6055 Technical summary: After a complex wave c, which became a double zig-zig combination we are currently in wave d of the triangle. This d wave should be more simple as it is normal for one […]

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

Today’s Support and Resistance levels: R3: 141.61 R2: 141.49 R1: 141.37 Current spot: 141.33 S1: 141.14 S2: 140.99 S3: 140.60 Technical summary: The decline from 142.00 has been very messy and hard to read and the rejection from 140.99 indicates that we have seen a small leading diagonal as wave i, and we are currently […]

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