This High Flier Soars with the Stock Market

http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 A burst of technological innovations and rip-roaring bull markets tend to go hand-in-hand. Find out about one particular concept that “has a long history that lines up well with key junctures in stock prices.” Learn How the Wave Principle Can Improve Your Trading

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Elliott wave analysis of EUR/NZD for August 2, 2017

Wave summary: EUR/NZD is rallying nicely and has now cleared minor resistance at 1.5897, too. This confirms continuation higher towards 1.6236 as the next upside target. However, longer term, we expected EUR/NZD to move way past the 1.6236 target, too. Support is now seen at 1.5880 and again at 1.5829. The later should be able […]

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Elliott wave analysis of EUR/JPY for August 2, 2017

Wave summary: EUR/JPY has finally cleared resistance at 130.77 and is now headed higher towards the 133.34 target. The former resistance at 130.77 will now act as support for the rally higher. If the 133.34 target is broken the next upside target to look for, will be seen at 134.04 and then 135.03, but be […]

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Elliott wave analysis of EUR/NZD for August 1, 2017

Wave summary: Finally, EUR/NZD is moving higher again. The break above 1.5743 is the first good indication that the red wave ii/ completed with the test of 1.5527 and that the red wave iii/ higher to 1.6236 is developing now. Support is seen at 1.5680 with back-up support at 1.5587. The later should be able […]

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Elliott wave analysis of EUR/JPY for August 1, 2017

Wave summary: We have not much to add here. EUR/JPY remains struck just below resistance at 130.77 and only a break above here will clear the way for the next rally higher towards 133.46. Support is seen at 130,00 which is expected to be able to protect the downside for the break above 130.77. However, […]

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A New Twist on “Peak Oil”

http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 In mid-2000, the world feared it was running out of Oil. Speculators, in turn, became feverishly bullish on oil’s price. A 78% crash soon followed. Now, the phrase “peak oil” has been re-introduced, but in a different way. Learn How the Wave Principle Can Improve Your Trading

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Elliott wave analysis of EUR/NZD for July 31, 2017

Wave summary: We continue to look for a break above 1.5780 and more importantly a break above resistance at 1.5899 to confirm red wave iii/ higher towards 1.6236. That said, as long as minor resistance at 1.5780 is able to cap the upside, a continued sideways consolidation remains expected. Only an unexpected break below 1.5419 […]

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Elliott wave analysis of EUR/JPY for July 31, 2017

Wave summary: Short-term important support at 130.77 held once again, but we do not expect this minor decline. The pair will move lower than 129.30 before turning higher again to try to break above resistance at 130.77 for a continuation higher towards 133.46. Only an unexpected break below minor support at 128.90 will confirm that […]

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Do Corporate Earnings Matter to the Stock Market?

http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 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

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Elliott wave analysis of EUR/NZD for July 28, 2017

Wave summary: We still don’t have much to add here. We continue to look for evidence that the red wave ii/ has completed and the red wave iii/ higher to 1.6236 is ready to unfold. The first good indication that the red wave ii/ have completed and the red wave iii/ is developing will be […]

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Elliott wave analysis of EUR/JPY for July 28, 2017

Wave summary: We continue to look for the final rally towards the ideal target at 133.34. A break above the resistance at 130.77 will confirm that the final leg higher is developing. Once the 133.34 target has been tested, we should start looking for a reversal lower. That said, a break below minor support at […]

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Elliott wave analysis of EUR/JPY for July 28, 2017

Wave summary: We continue to look for the final rally towards the ideal target at 133.34. A break above the resistance at 130.77 will confirm that the final leg higher is developing. Once the 133.34 target has been tested, we should start looking for a reversal lower. That said, a break below minor support at […]

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Fundamental analysis of AUD/JPY for July 28, 2017

AUD/JPY has been very bullish after the break above the resistance level of 87.50. After some downbeat economic reports and the RBA statement, AUD is currently getting weaker against JPY. Today Australia’s PPI report was published with an unchanged value at 0.5% which was expected to increase to 0.6% which did not quite help the […]

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Elliott wave analysis of EUR/NZD for July 27, 2017

Wave summary: The trading range has finally been broken. A little surprising it was broken towards the downside for a deeper correction in red wave ii/, but short-term important support at 1.5419 should continue to cap the downside for renewed strength and a break above minor resistance at 1.5729 and more importantly a break above […]

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Elliott wave analysis of EUR/JPY for July 27, 2017

Wave summary: We continue to look for a break above minor resistance at 130.77 to confirm the next part of the rally higher towards the ideal 133.34 target. Short-term minor support is seen at 129.90 which is expected to be able to protect the downside for the break above 130.77. It will, however, only be […]

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Why Stocks Don’t Take Orders from the President

http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 The stock market began to rally long before Donald Trump was elected president. What’s more, the evidence shows that the rally would have likely occurred even if another candidate had won. It boils down to the market’s price pattern – see for yourself. Learn How the Wave Principle Can Improve Your Trading

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Elliott Wave Ananlysis of EUR/NZD for July 26, 2017

Wave summary: There is absolutely nothing new to add here. The range-trading in the 1.5577-1.5899 area is continuing. We still expect a break above 1.5780 and more importantly a break above 1.5899 to be seen for a continuation higher towards 1.6236 and above. Trading recommendation: We are long EUR from 1.5510 with stop placed at […]

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Elliott Wave Ananlysis of EUR/JPY for July 26, 2017

Wave summary: EUR/JPY has failed to break lower towards 127.22, which indicates that wave v higher towards the ideal 133.46 target already is developing. Support is now seen at 129.22 and should be able to protect the downside for a break above resistance at 130.77 confirming that wave v is unfolding. Trading recommendation: Our stop+reverse […]

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Technical analysis of EUR/USD for July 26, 2017

There is no Economic Data will be released when the European market opens, but the US will release the Economic Data, such as Federal Funds Rate, FOMC Statement, Crude Oil Inventories, and New Home Sales, so, amid the reports, EUR/USD will move in a medium to high volatility. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1700. […]

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Technical analysis of USD/JPY for July 26, 2017

In Asia, Japan will release the SPPI y/y data, and the US will release some Economic Data, such as Federal Funds Rate, FOMC Statement, Crude Oil Inventories, and New Home Sales. So, there is a probability the USD/JPY will move with medium to high volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 112.52. Resistance. […]

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Daily analysis of major pairs for July 26, 2017

EUR/USD: The bullish bias on this market remains intact – though the price is currently consolidating. The EMA 11 is above the EMA 56, but the Williams’ % Range period 20 is in the oversold region. This could be a bullish signal, especially when the Williams’ % Range rises from the oversold region. USD/CHF: The […]

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EUR/USD below major resistance, remain bearish

The price has formed a really strong bearish reversal sign below 1.1693 resistance (Fibonacci extension, horizontal swing high resistance, bearish price action, bearish divergence) and we expect to see a further drop below this level towards at least 1.1583 support (Fibonacci retracement, horizontal pullback support). Stochastic (55,5,3) is dropping nicely from our 98% resistance and […]

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USD/CHF profit target reached perfectly, prepare to sell

The price has shot up perfectly and reached our profit target from yesterday. We prepare to sell below major resistance at 0.9530 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance) for a push down to at least 0.9436 support (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is right on major resistance at 95%. Sell below […]

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NZD/USD major support broken, time to start selling

The price has finally properly broken our key support level at 0.7423 (Fibonacci retracement, horizontal overlap support) and we plan to sell below this level for a push down to at least 0.7332 support (Fibonacci retracement, horizontal swing low support). Stochastic (55,5,3) has broken our ascending support-turned-resistance line signaling that a drop is expected. Correlation […]

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AUD/USD sell below major resistance

The price is hovering below major resistance at 0.7969 (Fibonacci extension, horizontal swing high resistance) and we expect to see a drop from this level towards 0.7841 support (Fibonacci retracement, Fibonacci extension, horizontal pullback support). The trigger for this trade would be when price breaks our ascending support line. Our stop loss is kept at […]

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USD/JPY bounced up perfectly to profit target, remain bullish for a further rise

The price has bounced up perfectly from our buying area and is fast approaching our first profit target. We remain bullish above 111.38 support (Fibonacci retracement, horizontal overlap support) for a further push up towards 112.90 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension). Stochastic (34,5,3) is bouncing nicely off our 1.2% support as expected. […]

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Technical analysis of USD/CHF for July 26, 2017

Overview: The USD/CHF is still trading around the spot of 0.9525. The Swissy pair probably will continue to trade downwards from the level of 0.9525 again. Today, the first resistance level is currently seen at 0.9525, the price is moving in a bearish channel now. According to the previous events, we expect the USD/CHF pair […]

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Technical analysis of NZD/USD for July 26, 2017

Overview: The NZD/USD pair bullish trend from the support levels of 0.7333 and 0.7282. today, the price is in a bullish channel and the current price is seen around the minor support of 0.7413. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is […]

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Daily analysis of USDX for July 26, 2017

The index is still alive in the bearish trend and remains consolidated below the 200 SMA at H1 chart. However, the current tone is still sideways and as long as the greenback remains above the support level of 93.71, it can be looking for the 200 SMA to correct the downside in a first degree, […]

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