USD/CAD Elliott Wave Last week, the USD/CAD pair spent in a range with a downside bias. In the 1-hourly chart of the pair, we can observe that lower trend line of the Triangle has given up in the early Friday’s New York session, this confirm end of the [iv] wave. From the 1.1045 level, we […]
AUD/USD Elliott Wave Since our last analysis, the AUD/USD pair has been trading upwards, just like we expected, 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 see that price has found support around the 0.9204 level, where corrective […]
Today’s Support and Resistance levels: R3: 1.6012 R2: 1.5991 R1: 1.5965 Current spot: 1.5935 S1: 1.5903 S2: 1.5876 S3: 1.5836 Technical summary: The decline from 1.6180 is clearly impulsive and the final red wave v is unfolding for a decline towards the ideal target at 1.5530. In the short term we are looking for a […]
Today’s Support and Resistance levels: R3: 142.28 R2: 142.01 R1: 141.67 Current spot: 141.34 S1: 141.19 S2: 140.73 S3: 140.42 Technical summary: As expected the decline from the 143.47 high was impulsive and more downside pressure should be seen. As the target for blue wave iii we are looking for a move closer to 140.73 […]
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Today’s Support and Resistance levels: R3: 1.6086 R2: 1.6068 R1: 1.6046 Current spot: 1.6024 S1: 1.6011 S2: 1.5987 S3: 1.5936 Technical summary: The decline from the 1.6180 high does have impulsive structure, which indicates that red wave v lower is developing. However, a break below support at 1.5972 is needed to confirm that red wave […]
Today’s Support and Resistance levels: R3: 142.65 R2: 142.55 R1: 142.46 Current spot: 142.38 S1: 142.17 S2: 142.03 S3: 141.90 Technical summary: It is now possible to count the first small five wave decline of the 143.47, which is the first good indication that wave ii is finally over. As possible targets for this first […]
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Today’s Support and Resistance levels: R3: 1.6326 R2: 1.6275 R1: 1.6219 Current spot: 1.6137 S1: 1.6102 S2: 1.6063 S3: 1.6030 Technical summary: The break above resistance at 1.6086 yesterday was very frustrating and forced a change of the large count. The new count shows that we are looking at a combination of corrections. The first […]
Today’s Support and Resistance levels: R3: 144.41 R2: 143.79 – Important resistance R1: 143.47 Current spot: 143.03 S1: 142.72 S2: 142.43 S3: 142.00 Technical summary: As long as important resistance at 143.79 protects the upside, the above count will stay our preferred count. We will be looking for a break below minor support at 142.72 […]
USD/CAD Elliott Wave Since our last analysis, the USD/CAD pair has been trading sideways, corrective wave [iv] (coloured black) of the bigger wave C (coloured blue) has been developing. In the 1-hour chart of the pair above, we can see that the price is trading in the range 1.1077 – 1.1000 for the last couple […]
AUD/USD Elliott Wave For the last couple of days, the AUD/USD pair has been trading downwards, corrective wave [iv] wave (coloured black) of the bigger wave C (coloured blue) has been developing. In the 1-hour chart above, we can see that we have completed impulsive wave [iii] at the 0.9299 level and from there we […]
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Today’s Support and Resistance levels: R3: 1.6136 R2: 1.6086 – Important resistance R1: 1.6072 Current spot: 1.6054 S1: 1.6031 S2: 1.6017 S3: 1.5994 Technical summary: Important support at 1.5846 has never been in serious danger of being broken and we have seen a prolonged corrective purple wave iv. This wave iv should not break above […]
Today’s Support and Resistance levels: R3: 144.40 R2: 143.79 R1: 143.62 Current spot: 143.27 S1: 142.90 S2: 142.61 S3: 142.35 Technical summary: The unexpected break above 142.60 has prolonged the corrective cycle and we could possibly see a test of 143.62 and maybe even closer to the 100% retracement target at 143.79, but we can […]
If you turn on CNBC first thing in the morning, you hear a lot about market indicators. Consumer behavior, GDP numbers, the Fed, interviews with CEOs — it’s all in the mix. Instead, Steve Hochberg of Elliott Wave International looks at important indicators that mainstream finance often overlooks. For example, consider this insight from the […]
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Today’s Support and Resistance levels: R3: 1.5923 R2: 1.5911 R1: 1.5899 Current spot: 1.5888 S1: 1.5846 S2: 1.5806 S3: 1.5766 Technical summary: The expected correction higher reached 1.5963 as its high, a little above our expected target at 1.5944. We are now looking for a clear break below support at 1.5846 confirming renewed downside pressure […]
Today’s Support and Resistance levels: R3: 142.90 R2: 142.60 R1: 142.35 Current spot: 142.28 S1: 142.00 S2: 141.79 S3: 141.27 Technical summary: The last part of the wave ii correction reached a high at 142.60 slightly above our second target at 142.50. We now expected resistance at 142.35 to protect the upside for a break […]
USD/CAD Elliott Wave Last week, the USD/CAD pair was trading downwards, corrective wave C (coloured blue) of the bigger wave (X) (coloured red) was developing. In the chart above, we can observe that the USD/CAD pair has proved to be an impulsive wave, and from five required waves, we have only four completed so far. […]
AUD/USD Elliott Wave Since our last analysis, the AUD/USD pair has continued to trade downwards, just like we expected, corrective wave (iv) (coloured green) of the bigger wave [iii] (coloured black) has been developing. In the 1-hour chart of the pair, we can see that we have completed corrective wave (iv) few pips below 23.6% […]
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Today’s Support and Resistance levels: R3: 1.6054 R2: 1.6000 R1: 1.5944 Current spot: 1.5876 S1: 1.5846 S2: 1.5807 S3: 1.5766 Technical summary: After a small correction towards 1.5944, we should see renedwed downside pressure towards the ideal target for blue wave iii at 1.5694. That said, if a clear break above 1.5944 is seen, this […]
Today’s Support and Resistance levels: R3: 142.50 R2: 142.11 R1: 141.70 Current spot: 141.47 S1: 141.22 S2: 140.96 S3: 140.64 Technical summary: We saw an attempt to break lower on Friday, but it failed and was followed by a quick rally above 140.95 indicating that the decline only was and x-wave in a complex corrective […]
