Gold’s price reflects waves of optimism and pessimism. Even so, many investors look to fundamentals to anticipate gold trends. Learn why there’s a better way: http://bit.ly/1ndsQqT Enjoy this video from Elliott Wave International Learn How the Wave Principle Can Improve Your Trading Related Posts:Market Comment – Dollar slides, gold shines after soft US… May 10, […]
Let’s talk about lending money. Not to your freeloading brother-in-law, but investment lending — as in, the fixed income market, or bonds. When you invest in bonds you are indeed the lender. The borrower pays you… http://bit.ly/1ndsQqT Enjoy this video from Elliott Wave International Learn How the Wave Principle Can Improve Your Trading Related Posts:Video […]
Today’s Support and Resistance levels: R3: 1.6232 R2: 1.6180 R1: 1.6135 Current spot: 1.6087 S1: 1.6058 S2: 1.5998 S3: 1.5926 Technical summary: The triangle consolidation is still unfolding. We think that we are about to finish the c wave of the triangle near 1.6135 and that a new decline close to 1.5900 should follow in […]
Today’s Support and Resistance levels: R3: 142.23 R2: 141.89 R1: 141.55 Current spot: 141.41 S1: 141.15 S2: 140.90 S3: 140.60 Technical summary: We do expect more downside pressure, but green wave ii has become much larger than expected, however, it is allowed to correct all of green wave i, which means a return to 141.55, […]
If there’s one thing I’ve learned, it’s that the human mind is made of pliable stuff, willing to bend, time and again, to believe the impossible. How many people believe, for instance, that monetary policy can reverse the course of economic decline — even though no such power is actually proven to exist? http://bit.ly/1ndsQqT Enjoy […]
USD/CAD Elliott Wave Last week, the USD/CAD pair was trading upwards, impulsive wave [i] (coloured green) of the bigger wave A (coloured red) was developing. In the 1-hour chart above, we can observe impulsive movement from the 1.0853 level, at the moment we have only sub-wave (i) and (ii) (coloured blue) completed, so more upside […]
AUD/USD Elliott Wave After a few weeks in the strong upwards trend, the AUD/USD pair has started this week in the sideways consolidation. In the 1-hour chart of the pair, we can observe that we have changed our primary count slightly. Instead of calling the wave C (coloured red) already completed, this consolidation is starting […]
Today’s Support and Resistance levels: R3: 1.6064 R2: 1.6032 R1: 1.6010 Current spot: 1.5945 S1: 1.5945 S2: 1.5914 S3: 1.5865 Technical summary: The triangle consolidation is still unfolding. It is still not clear whether wave c is in place with the test of 1.6105 or we need one more rally towards 1.6134 before it is […]
Today’s Support and Resistance levels: R3: 141.06 R2: 140.90 R1: 140.65 Current spot: 140.48 S1: 140.29 S2: 140.08 S3: 139.43 Technical summary: Ideally, we will see resistance at 140.65 protecting the upside for a break below 140.29 confirming the next decline towards the ideal target for blue wave v at 139.43. Once blue wave v […]
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Today’s Support and Resistance levels: R3: 1.6064 R2: 1.6032 R1: 1.6010 Current spot: 1.5980 S1: 1.5971 S2: 1.5945 S3: 1.5914 Technical summary: The triangle consolidation is still unfolding. At this point, it is a bit unclear whether red wave c already has ended or more upside towards 1.6140 is needed. No matter which count proves […]
Today’s Support and Resistance levels: R3: 141.29 R2: 140.98 R1: 140.87 Current spot: 140.55 S1: 140.42 S2: 140.08 S3: 139.43 Technical summary: Important resistance at 141.55 protected the upside to perfection, and we are now looking for the final decline in blue wave v towards 139.43 before the next meaningful correction should be expected. Once […]
An important indicator goes where it’s never been before – Not since 1988 has this indicator been so bullish… http://bit.ly/1ndsQqT Enjoy this video from Elliott Wave International Learn How the Wave Principle Can Improve Your Trading Related Posts:Video market update for May 10, 2024 May 10, 2024 Potential for the further rally on USDJPYThe material […]
Today’s Support and Resistance levels: R3: 1.6135 R2: 1.6106 R1: 1.6067 Current spot: 1.6027 S1: 1.5979 S2: 1.5927 S3: 1.5881 Technical summary: Yesterday we did see minor resistance protecting the upside for a break below 1.5848, but only for a move towards 1.5837 before a new rally took off. This unexpected rally above 1.5980 has […]
Today’s Support and Resistance levels: R3: 142.09 R2: 141.90 R1: 141.55 – Important Resistance Current spot: S1: 141.29 S2: 141.09 S3: 140.71 Technical summary: It is “Make it or Break it” time. Important resistance at 141.55 needs to hold for a break below 141.29 and more importantly for a break below 141.09 to confirm that […]
AUD/USD Elliott Wave Since our last analysis, the AUD/USD pair has been trading downwards, just like we expected, impulsive cycle in the C wave (coloured red) has been completed, and we need to see now, what can we do next in the pair. In the 1-hour chart, we can observe that ascending cycle from the […]
USD/CAD Elliott Wave After a strong downwards movements from the half of March, the USD/CAD has finally started to show some bullish movements in the last 24 hours. In the 1-hour chart of the pair above, you can see that we are labeling the descending movement from 1.1278 towards the 1.0853 as the impulsive pattern. […]
And why the real beneficiary of easy lending is not a rising stock market http://bit.ly/1gcAQUw Learn How the Wave Principle Can Improve Your Trading Related Posts:Outlook for GBP/USD on May 8. The pound has stopped rising,… May 8, 2024 Analysis of GBP/USD 5M GBP/USD experienced a minor downward retracement,…The dollar: there would have been no […]
Today’s Support and Resistance levels: R3: 1.5979 R2: 1.5923 R1: 1.5905 Current spot: 1.5877 S1: 1.5848 S2: 1.5824 S3: 1.5774 Technical summary: We expected that the small correction from 1.5855 was over, but it turned into the more complex expanded flat correction for a final rally towards 1.5980. This has changed our count slightly, but […]
Today’s Support and Resistance levels: R3: 141.55 R2: 141.24 R1: 141.06 Current spot: 140.90 S1: 140.63 S2: 140.08 S3: 139.43 Technical summary: The correction we had been looking for became smaller than expected and it indicated that wave one from 143.47 is not over yet; therefore we changed our count slightly. Now we are looking […]
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USD/CAD Elliott Wave Since our last analysis, the USD/CAD pair has continued to trade downwards, impulsive wave [v] (coloured black) of the bigger wave C (coloured blue) has been developing. In the 1-hour chart of the USD/CAD pair above, we can see that descending movements from the 1.1045 level is taking a shape of the […]
AUD/USD Elliott Wave From the early start of this week, the AUD/USD pair has continued trading upwards, impulsive wave [v] (coloured black) of the bigger wave C (coloured red) has been developing. In the 1-hour chart of the pair above, we can observe strong ascending movements from 0.9253 towards the 0.9387 level. This strong move […]
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Today’s Support and Resistance levels: R3: 1.5920 R2: 1.5893 R1: 1.5865 Current spot: 1.5845 S1: 1.5835 S2: 1.5807 S3: 1.5777 Technical summary: The expected correction ended early and the downside pressure continued as expected. In the short term we are looking for minor resistance at 1.5865 to protect the upside for the next downside pressure […]
Today’s Support and Resistance levels: R3: 141.61 R2: 141.15 R1: 140.82 Current spot: 140.72 S1: 140.44 S2: 140.08 S3: 139.81 Technical summary: There was no time for the correction unfold further and we saw a direct decline. The failure to extend the correction was an indication of underlying strength of the trend. This was also […]
Today’s Support and Resistance levels: R3: 1.6007 R2: 1.5983 R1: 1.5940 Current spot: 1.5903 S1: 1.5846 S2: 1.5766 S3: 1.5703 Technical summary: The correction became a litlle larger than expected as it reached 1.6007, which has changed the short term count slightly, but after a new correction towards 1.6007, we should see renewed downside pressure […]
Today’s Support and Resistance levels: R3: 142.01 R2: 141.62 R1: 141.40 Current spot: 141.22 S1: 141.14 S2: 140.82 S3: 140.63 Technical summary: Blue wave iii ended a little earlier than expected and blue wave iv is developing. At this point, it is most likely that blue wave iv will evolve into a flat correction, which […]
How the next stock market decline could tank the economy http://bit.ly/1e5Y0QU Learn How the Wave Principle Can Improve Your Trading Related Posts:USD/JPY in crisis April 18, 2024 154.80 is the new price ceiling for USD/JPY. On the…Bitcoin will thrive during supply crisis April 12, 2024 What will happen with Bitcoin? The answer to this question…
