• Elliott wave analysis of EUR/NZD for June 23, 2017

    Wave summary: Not much to add here. EUR/NZD is trying to bottom in wave ii/, but a break above minor resistance at 1.5564 remains needed to confirm that wave ii/ has completed and wave iii/ higher to above 1.6237 is developing. As long as resistance at 1.5564 is able to cap the upside, we will […]

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  • Elliott wave analysis of EUR/JPY for June 23, 2017

    Wave summary: We are still looking for a break above 124.46 to confirm the next impulsive rally higher towards at least 127.00 and possibly even closer to 129.10 in wave iii. Short-term support is seen at 123.99 and again at 123.79. Ideally the later will be able to protect the downside for the expected break […]

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  • Technical analysis of NZD/USD for June 23, 2017

    Overview: The NZD/USD pair is showing signs of force following a breakout of the highest price of 0.7205 (a major support). The NZD/USD pair will continue rising from the level of 0.7205 in the long term. It should be noted that the support is established at the level of 0.7205 which represents the daily pivot […]

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  • Technical analysis of USD/CHF for June 23, 2017

    Overview: The USD/CHF pair. The current price is seen at 0.9736 to act as a daily pivot point. The USD/CHF pair didn’t make any significant movements yesterday. The bias remains bearish in the nearest term testing 0.9769or higher It should be noted that volatility is very high for that the USD/CHF pair is still moving […]

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  • Daily analysis of USDX for June 23, 2017

    USDX continues to ride a bullish structure above the 200 SMA at H1 chart and it’s targeting the 98.18 level. However, moving average could give up to the bears’ pressure and the index might extend the decline towards 97.10 in a first degree. In the bullish’s outlook, once the 97.84 level has been broken, it […]

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  • Elliott wave analysis of EUR/NZD for June 22, 2017

    Wave summary: The resistance line from 1.6232 is finally being broken indicating a corrective low likely is in place with the test of 1.5296. That said, we still need a break above minor resistance at 1.5564 to confirm that the corrective low in wave ii/ is in place and wave iii/ to above 1.6232 now […]

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  • Elliott wave analysis of EUR/JPY for June 22, 2017

    Wave summary: Wave c of the expanded flat wave ii completed at 123.62, just above the expected 123.43 target. This means wave iii now should be developing for a rally towards 133.34 over the coming weeks. Short-term, support at 123.62 should be able to protect the downside for a break above minor resistance at 124.46 […]

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  • Debt Crisis 2.0: How the Pieces are Falling into Place

    http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 As the amount of household debt rises, so does the risk of another financial crisis. A new milestone has been reached in the U.S. But a chart shows that the dangers of debt are global. Learn How the Wave Principle Can Improve Your Trading

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  • Elliott wave analysis of EUR/NZD for June 21, 2017

    Wave summary: Wave ii/ is still holding below the resistance line, which has moved lower to 1.5446 and a break above here will be the first good indication that wave ii/ finally has completed and wave iii/ higher to above 1.6232 is developing. A break above resistance at 1.5564 will confirm the low in wave […]

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  • Elliott wave analysis of EUR/JPY for June 21, 2017

    Wave summary: The expanded flat correction in wave ii is unfolding as expected. Wave b did not make quite as high as expected and peaked at 124.65 before turning lower in wave c to 123.43 to complete wave ii and set the stage for the next strong rally higher in wave iii towards 133.34. R3: […]

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  • Elliott wave analysis of EUR/NZD for June 20, 2017

    Wave summary: We are still looking for a break above the resistance line near 1.5466 and more importantly, a break above resistance at 1.5567 as confirmation that wave ii has completed and wave iii higher towards 1.6237 and above is developing. R3: 1.5567 R2: 1.5481 R1: 1.5466 Pivot: 1.5450 S1: 1.5405 S2: 1.5381 S3: 1.5350 […]

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  • Elliott wave analysis of EUR/JPY for June 20, 2017

    Wave summary: The rally of 123.78 is in no way convincing and does look to be the b-wave of an expanded flat correction, This means wave c lower to 123.43 soon will be seen. A break below minor support at 124.20 will indicate wave c of ii lower to 123.43 is developing. Once this expanded […]

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  • Technical analysis of EUR/USD for June 20, 2017

    When the European market opens, some Economic Data will be released, such as Current Account, German PPI m/m. The US will release the Economic Data, such as Current Account, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1197. Strong Resistance:1.1191. Original […]

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  • Technical analysis of USD/JPY for June 20, 2017

    In Asia, Japan today will not release any Economic Data, but the US will release the Current Account data. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 112.23. Resistance. 2: 112.01. Resistance. 1: 111.79. Support. 1: 111.52. Support. 2: 111.30. Support. […]

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  • NZD/USD Intraday technical levels and trading recommendations for June 20, 2017

    Daily Outlook The NZD/USD pair has been trending up within the depicted bullish channel since January 2016. In November 2016, early signs of bullish weakness were expressed on the chart when the pair market failed to record a new high above 0.7400. Bearish breakout of the lower limit of the channel took place in December […]

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  • Intraday technical levels and trading recommendations for EUR/USD for June 20, 2017

    Daily Outlook In January 2017, the previous downtrend reversed when the Head and Shoulders pattern was established around 1.0500. Since then, evident bullish momentum has been expressed on the chart. The next daily supply level for the EUR/USD pair is located between 1.1400-1.1520 where price action should be watched for possible bearish rejection. Recent Update: […]

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  • Daily analysis of USDX for June 20, 2017

    USDX was favored by the bulls above the 200 SMA at H1 chart and it’s heading to break above last Friday’s highs. If that happens, we can expect a target to be reached around 97.75, which should add strength to bulls’ force in the short-term. By the other side, if the index pulls back at […]

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  • Daily analysis of GBP/USD for June 20, 2017

    The pair was under selling pressure at the start of the week, being capped by the 200 SMA at H1 chart and it now targets the support zone of 1.2660. Overall, the bearish bias remains intact and as long as GBP/USD remains below that moving average, we might expect further weakness toward 1.2660 in a […]

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  • How Applying “Cause and Effect” Ideas to the Stock Market Can Cost You

    http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 Sir Isaac Newton famously said that “for every action, there is an equal and opposite re-action.” But does this “law of motion” apply to finance? Many investors believe so, but the evidence shows that economic news does not affect the stock market. Learn How the Wave Principle Can Improve Your Trading

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  • Elliott wave analysis of EUR/NZD for June 19, 2017

    Wave summary: The corrective decline in wave ii/ will not loosen its grip and it has now spiked below support at 1.5423, this opens for more downside pressure towards 1.5261 as long as the resistance line near 1.5500 and more importantly as long minor resistance at 1.5564 is able to cap the upside. However, a […]

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  • Elliott wave analysis of EUR/JPY for June 19, 2017

    Wave summary: EUR/JPY has rallied nicely and in a clear impulsive character indicating more upside pressure to come. That said, short-term we might need a deeper correction from 124.46 closer to the 123.17 – 123.45 area before the next impulsive upswing towards 125.82 and above. R3: 125.10 R2: 124.71 R1: 124.46 Pivot: 124.00 S1: 123.99 […]

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  • Daily analysis of major pairs for June 19, 2017

    EUR/USD: This pair moved sideways last week – in the context of an uptrend. The outlook on EUR pairs is bearish for this week, and this may make the EUR/USD go southwards, causing a bearish bias to form in the market. Further southwards movement is thus expected. USD/CHF: Last week, the USD/CHF consolidated in the […]

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  • Technical analysis of EUR/USD for June 19, 2017

    Today, there is no Economic Data will be released when the European & the US market opens, so, amid the reports, EUR/USD will move in a low volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1256. Strong Resistance:1.1250. Original Resistance: 1.1239. Inner Sell Area: 1.1228. Target Inner Area: 1.1202. Inner Buy Area: 1.1176. […]

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  • Technical analysis of USD/JPY for June 19, 2017

    In Asia, Japan will release the Trade Balance data, but today the US will not release any Economic Data. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 111.57. Resistance. 2: 111.35. Resistance. 1: 111.13. Support. 1: 110.86. Support. 2: 110.65. Support. […]

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  • Daily analysis of USDX for June 19, 2017

    The index trimmed gains and it’s being supported by the 200 SMA at H1 chart. So far, we’re expecting the upside continuation in the greenback, but in case that we witness a breakout below 96.95, then further declines are expected to take place towards 96.70 in a first degree, while a consolidation above Friday’s highs […]

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  • Elliott wave analysis of EUR/NZD for June 16, 2017

    Wave summary: Our preferred count remains that a low likely was seen with the test of 1.5370 and wave iii/ higher is ready to develop. That said, we need a break above the resistance line near 1.5532 to confirm that wave ii/ has completed and wave iii/ higher to above 1.6237 is developing. Until the […]

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  • Elliott wave analysis of EUR/JPY for June 16, 2017

    Wave summary: EUR/JPY took out support at 122.53 for a dip to 122.37. This minor break below 122.53 was enough to change the corrective pattern unfolding from 125.82. Instead of a triangle consolidation, the corrective pattern has turned into a flat correction with wave B complete with the test of 122.37 and wave C higher […]

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