• Elliott wave analysis of EUR/NZD for May 24, 2017

    Wave summary: We have seen the expected corrective decline in wave [ii] closer to support near 1.5836 from where a turn higher in wave [iii] is expected towards 1.6655. As long as minor resistance at 1.6036 is able to cap the upside, as long is a little more downside closer to the ideal 1.5836 target […]

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  • Elliott wave analysis of EUR/JPY for May 24 – 2017

    Wave summary: We continue to look for a little more downside into the support zone between 123.59 – 123.92 to complete wave ii and set the stage for the next impulsive rally in wave iii towards 134.30 with the ideal target for wave C seen near 138.52. Short-term a break below minor support seen at […]

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  • Ichimoku indicator analysis of USDX for May 24, 2017

    The Dollar index is turning higher as we expected. We have been waiting for a strong bounce in the Dollar index targeting the 98.50-99 area. Being bearish the Dollar index the last couple of days was wrong with no good risk reward ratio. The Dollar index is now testing the 4-hour kijun-sen resistance. Price is […]

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

    Wave summary: The failure to accelerate higher and the break below minor support seen at 1.5987 indicates that a slightly deeper correction towards 1.5836 should be expected before the next impulsive rally higher towards 1.6655. Short term, minor resistance is seen at 1.6154, which should be able to cap the upside for a deeper corrective […]

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

    Wave summary: EUR/JPY broke above resistance seen at 124.94 indicating the rally of the 122.53 low was impulsive (in 5 waves). This means that wave B completed with the test of 122.53 and wave C towards 138.50 now is developing. The impulsive rally from 122.53 to 125.30 marks wave i and a correction in wave […]

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  • Technical analysis of EUR/USD for May 23, 2017

    When the European market opens, a batch of economic reports will be released such as ECB Financial Stability Review, Flash Services PMI, Flash Manufacturing PMI, German Ifo Business Climate, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, French Flash Manufacturing PMI, and German Final GDP q/q. The US will also post […]

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  • Technical analysis of USD/JPY for May 23, 2017

    In Asia, Japan will release the All Industries Activity m/m. The US will also release some economic data such as Richmond Manufacturing Index, New Home Sales, Flash Services PMI, and Flash Manufacturing PMI. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Resistance […]

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  • Daily analysis of major pairs for May 23, 2017

    EUR/USD: The EUR/USD pair went upwards yesterday, testing the resistance line at 1.1250. There could be some temporary pullback after this, but price is expected to continue heading upwards, going above the resistance line at 1.1250 and going towards another resistance line at 1.3000. The resistance line at 1.3000 is the ultimate target for this […]

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

    Overview: The market opened below the daily pivot point (0.9739). It continued to move downwards from the level of 0.9787 to the bottom around 0.9739. Today, the first resistance level is seen at 0.9787 followed by 0.9847, while daily support 1 is seen at 0.9691. The USD/CHF pair broke support which turned to strong resistance […]

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

    Overview: The NZD/USD pair continues to move upwards from the level of 0.6942. Yesterday, the pair rose from the level of 0.6942 (the level of 0.9866 coincides with a ratio of 50% Fibonacci retracement) to a top around 0.7000. Today, the first support level is seen at 0.6942 followed by 0.6913, while daily resistance 1 […]

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

    Wave summary: EUR/NZD continues to gain a little, but we are still not seeing the expected acceleration, which is a bit of a concern. That said, we will continue to look for more upside and ideally acceleration higher towards 1.6655 as long as minor support at 1.5987 is able to protect the downside. A break […]

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

    Wave summary: The correction in wave B is likely not complete yet and we are looking for one more spike to a new low closer to 122.10 to complete wave B. If this count is correct, then minor resistance at 124.94 ideally should be able to cap the upside for a break below minor support […]

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  • “Stock Markets Have a Long History of Booming” After This

    http://www.elliottwave.com/Investor-Research/Asian-Pacific-Financial-Forecast-Service?tcn=ytv1703 How could the attempted military coup in Turkey in July 2016 have possibly been a bullish sign for Turkish stocks? Get our insights — and see two charts that show the price story. Learn How the Wave Principle Can Improve Your Trading

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  • A Record “Bye-Bye” to Brick & Mortar?

    News about today’s economy only talks about “growth.” The true story this chart tells isn’t reported nearly as often. http://www.elliottwave.com/Investor-Research/Global-Market-Perspective?tcn=ytv1703 Learn How the Wave Principle Can Improve Your Trading

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  • OPEC or Not, Crude Oil Prices Will Go “Here”

    Get more financial insights like these — 100% free. Just follow this link: http://www.elliottwave.com/wave/etv2016. Learn How the Wave Principle Can Improve Your Trading

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  • Gold, Silver & More: Here’s What To Expect Next

    Get more financial insights like these — 100% free. Just follow this link: http://www.elliottwave.com/wave/etv2016. Learn How the Wave Principle Can Improve Your Trading

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

    Wave summary: We continue to look for a strong break above minor resistance seen at 1.6154 to add upside acceleration towards the next target seen at 1.6655. Short term, we expect minor support near 1.6033 max. 1.5987 to be able to protect the downside for the break above 1.6154. Only a direct break below support […]

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

    Wave summary: As long as the minor resistance at 124.11 is able to cap the upside, a deeper corrective decline in wave B could be seen towards 120.69. Once this B-wave correction is complete, a new strong rally will be expected in wave C towards 138.52. In the short term, a break below minor support […]

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  • Elliott wave analysis of EUR/NZD for May 18, 2017

    Wave summary: We are still looking for upside acceleration towards the next upside target seen at 1.6655 and expect minor support seen at 1.5960 to continue to protect the downside for a clear break above 1.6154. This confirms the expected rally higher to 1.6655. A break below minor support at 1.5960 would be a bit […]

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  • Elliott wave analysis of EUR/JPY for May 18, 2017

    Wave summary: Our preferred count continues to work nicely and we have seen the expected decline towards at least 122.94, but the decline could easily extend lower towards the 38.2% corrective target seen at 120.69 before taking off again towards 138.52. Short term, resistance is seen at 124.35 and again at 124.93. R3: 125.57 R2: […]

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  • Technical analysis of GBP/JPY for May 18, 2017

    GBP/JPY is under pressure as the key resistance is at 144.90. The pair is rebounding and broke above its declining 20-period moving average. Nevertheless, 144.90 is playing a key resistance role, which should limit the upside potential. The descending 50-period moving average is also playing a resistance role and maintains the downside bias. Even though […]

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  • Daily analysis of major pairs for May 18, 2017

    EUR/USD: There is a Bullish Confirmation Pattern in the EUR/USD 4-hour chart. Price has gone upwards by 250 pips this week, and it is currently above the support line at 1.1150, targeting the resistance lines at 1.1200 and 1.1250. Some fundamental figures are expected today and they may have impact on the market. USD/CHF: There […]

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  • Technical analysis of EUR/USD for May 18, 2017

    When the European market opens, some Economic Data will be released such as French 10-y bond auction and Spanish 10-y bond auction. The US will release the reports on natural Gas storage, CB leading index m/m, Philly Fed Manufacturing Index and unemployment claims. So, amid the reports EUR/USD will move with a low to medium […]

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  • Bonds: What Hedge Funds’ “Record Reversal” Tells You

    http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 Maxwell Edison may have majored in medicine, as the Beatles sang, but many of the “braniacs” on Wall Street are hedge fund managers. Even so, their performance record at key market turns often leaves a lot to be desired. See this eye-opening bond market chart. Learn How the Wave Principle Can Improve Your Trading

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  • Debt, Politics, and Russia: A “Spike” Dead Ahead?

    Charts like this one show that markets can anticipate huge shifts in broad psychology: Another dangerous spike may be just around the bend. http://www.elliottwave.com/Investor-Research/Global-Market-Perspective?tcn=ytv1703 Learn How the Wave Principle Can Improve Your Trading

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  • Elliott wave analysis of EUR/NZD for May 17, 2017

    Wave summary: We have seen a direct break above 1.6020 confirming that wave [ii] completed early and wave [iii] higher towards 1.6655 now should be developing. That said, we would like to see upside acceleration to confirm that we are indeed in wave [iii] of iii/ of iii higher. This means minor support seen at […]

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  • Technical analysis of GBP/JPY for May 17, 2017

    GBP/JPY is expected to continue the downside movement. The pair broke below its rising 50-period moving average as well as an ascending trend line and is consolidating. The 20-period moving average is turning down, while the relative strength index is below its neutrality level at 50. As long as 146.30 holds on the upside, look […]

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  • Technical analysis of NZD/USD for May 17, 2017

    NZD/USD is expected to trade with a bullish bias above 0.6860. The pair posted a rebound from 0.6859 (the low of May 16). The 20-period moving average crossed above the 50-period one, which indicated a positive signal. The relative strength index is above its neutrality level at 50. To conclude, as long as 0.6860 holds […]

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  • Elliott wave analysis of EUR/JPY for May 17, 2017

    Wave summary: The b-wave of the expanded flat moved slightly higher than anticipated, but it has not changed our outlook. We are now looking for wave c below 122.94 to complete wave B. This will set the stage for the next strong rally in wave C towards 138.52. Short term, we expect minor resistance seen […]

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  • Technical analysis of EUR/USD for May 17, 2017

    When the European market opens, some economic data will be released such as German 30-y Bond Auction, Final Core CPI y/y, Final CPI y/y, and Italian Trade Balance. The US is due to present Crude Oil Inventories. Amid this background, EUR/USD will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Breakout […]

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