A 15-minute read can give you an edge over 99% of investors. Get EWI’s Financial Forecast “Nuggets” report now, 100% free » http://bit.ly/1dU3lW2 Learn How the Wave Principle Can Improve Your Trading Related Posts:Weekly Forex Outlook: 22/03/2024 – Markets quiet down after… March 22, 2024 Dollar recovers after Fed selloff, turns to PCE inflation. Yen…Weekly […]
Today’s Support and Resistance levels: R3: 141.04 R2: 140.81 R1: 140.52 Current spot: 140.38 S1: 140.23 S2: 139.84 S3: 139.33 Technical summary: The bears still have benefits, but we would like to see some downside acceleration soon to confirm that they are in the divers seat. In the short term, we would like to see […]
USD/CAD Elliott Wave For the last couple a days, the USD/CAD pair has been trading in a strong downward channel, since our invalidation is reached we are going to switch over to alternate count. In the 4-hours chart of the pair, we can observe that price has found resistance at the 1.1278 level, and from […]
AUD/USD Elliott Wave Since our last analysis, the AUD/USD pair has reached a new highs above 0.9250 area, wave (iii) (coloured green) of the bigger wave [iii] (coloured black) has been developing. In the 1-hour chart above, we can observe that we are looking at the C wave as an impulsive pattern instead of ending […]
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Prepare now for “the next big monetary event” http://bit.ly/1dxLTfv Learn How the Wave Principle Can Improve Your Trading Related Posts:Our Seminar in Santo Domingo – A Successful Story October 23, 2023 On October 7, we held a popular trading seminar in…
USD/CAD Elliott Wave Since our last analysis, the USD/CAD pair has been trading downwards, corrective wave [ii] (coloured black) of the bigger wave A (coloured blue) has been developing. In the 1-hour chart above, we can observe that descending movements from the 1.1277 level is taking a shape of double three pattern. After a price […]
AUD/USD Elliott Wave The AUD/USD pair, has continued trading higher in the last few session just like we expected, impulsive wave [iii] (coloured black) of the bigger C wave (coloured blue) has been developing. In the 1-hour chart of the pair above, we can see that price reached our first targets at 0.9204, 100% of […]
Today’s Support and Resistance levels: R3: 1.6106 R2: 1.6054 R1: 1.6001 Current spot: 1.5925 S1: 1.5900 S2: 1.5888 S3: 1.5807 Technical summary: The acceleration lower has invalidated the possible ending diagonal scenario. The downside acceleration has shifted the count to a much more dynamic decline in wave iii lower, and we will be looking for […]
Today’s Support and Resistance levels: R3: 141.74 R2: 141.32 R1: 141.05 Current spot: 140.82 S1: 140.54 S2: 140.27 S3: 139.88 Technical summary: The decline below 140.66 and more importantly 140.43 could indicate that a new impulsive decline in wave iii is developing. That said, the correction from 140.43 has been relatively shallow and quick, therefore […]
The move away from the gold standard did happen in the lifetime of some folks who are still around. Is that such a big deal? http://bit.ly/1l44782 Learn How the Wave Principle Can Improve Your Trading Related Posts:EUR/USD. Overview for October 26th. The market doesn’t… October 26, 2023 The EUR/USD currency pair continued its downward movement […]
Today’s Support and Resistance levels: R3: 1.6167 R2: 1.6134 R1: 1.6099 Current spot: 1.6056 S1: 1.6049 S2: 1.6018 S3: 1.5983 Technical summary: With the unexpected break below support at 1.6086, the wave iv correction is turning into an expanded flat correction. In the short term, look for support in the 1.6038 – 1.6049 area for […]
Today’s Support and Resistance levels: R3: 142.11 R2: 141.90 R1: 141.54 Current spot:141.28 S1: 141.08 S2: 140.69 S3: 140.43 Technical summary: The complex correction from 140.43 is still unfolding. We continue to look for this ongoing wave ii towards the target area between 142.11 and 142.50, before the next impulsive decline can be expected. In […]
AUD/USD Elliott Wave Since our last analysis, the AUD/USD pair has continued upward movements inside an impulsive [iii] wave (coloured black) of the bigger wave C (coloured blue). In the hourly chart above, we can see that wave [iii] is unfolding in an double three pattern, and should currently be inside the final c of […]
USD/CAD Elliott Wave For the last few days, the USD/CAD pair has been trading slightly downwards, just like we expected, corrective wave [ii] (coloured black) of the bigger wave A has been developing. In the 1-hour chart of the pair, we can see that [ii] wave is close to our potential entry points, 1.1150 – […]
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Today’s Support and Resistance levels: R3: 1.6232 R2: 1.6200 R1: 1.6186 Current spot: 1.6178 S1: 1.6152 S2: 1.6123 S3: 1.6086 Technical summary: Yesterday’s rally found strong resistance at 1.6232 for a unexpected deep retracement, which best I counted as an x-wave. We will still be looking for a move higher towards 1.6450 to end wave […]
Today’s Support and Resistance levels: R3: 142.50 R2: 142.11 R1: 140.90 Current spot: 141.37 S1: 141.19 S2: 140.90 S3: 140.43 Technical summary: The wave ii correction is becoming more complex than first expected. The deep decline from 141.89 have to be counted as an x-wave and that means a new zig-zag correction is developing. However, […]
USD/CAD Elliott Wave After a strong start last week, the USD/CAD pair has retraced most of gains during Friday’s London and New York sessions, when developing the [ii] start. In the 4-hour chart above, we can see that we are currently retracing the cycle from the 1.1020 level, and we should see the end of […]
AUD/USD Elliott Wave From the second half of the January, the AUD/USD pair has been trading upwards inside the (B) wave (coloured red) of the bigger wave [Y] (coloured blue). In the 4-hour chart of the pair above, we can see that we are currently in the C of (B) wave, that is taking a […]
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The sentiment picture in commodities has reached a new extreme, even as prices remain below their 2011 high http://bit.ly/1lgWFt1 Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis – US 500 index slides beneath rising… April 8, 2024 US 500 creates some downside recovery Oscillators indicate bearish correction…AUD/USD: Will correction turn into […]
Today’s Support and Resistance levels: R3: 1.6340 R2: 1.6306 R1: 1.6250 Current spot: 1.6182 S1: 1.6152 S2: 1.6123 S3: 1.6086 Technical summary: As expected wave b of wave iv of the ending diagonal terminated close to 1.6086 and wave c higher is developing. This c-wave could terminate close to the former top at 1.6232 and […]
Today’s Support and Resistance levels: R3: 142.50 R2: 142.11 R1: 141.72 Current spot: 141.38 S1: 141.26 S2: 140.90 S3: 140.43 Technical summary: As we predicted on Friday, a low was seen at 140.43 and a correction higher towards 142.11 – 142.50. This expected corrective cycle is unfolding according to our prediction and we expected this […]
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The legendary investor artfully escaped the 1929 crash. Is the psychology that drives a historic market turn at work now? http://bit.ly/1h1l3rb Learn How the Wave Principle Can Improve Your Trading Related Posts:Will Netflix earnings take the share price closer to its… April 15, 2024 Netflix is set to announce strong EPS and revenue growth…EUR/USD. April […]
USD/CAD Elliott Wave After a couple of days in the strong upward trend, the USD/CAD pair is showing some weakness at the moment, corrective wave [ii] (coloured black) of the bigger wave A (coloured blue) has been developing. In the chart of the pair above, we can see that short cycle from 1.10221 level is […]
AUD/USD Elliott Wave Since our last analysis, the AUD/USD pair has been trading upwards, just like we expected, impulsive wave i of the bigger wave (iii) has been developing. In the 1-hour chart above, we can see that the FLAT pattern in the (ii) wave has ended at the 0.8993 level, and from there we […]
Today’s Support and Resistance levels: R3: 1.6208 R2: 1.6160 R1: 1.6120 Current spot: 1.6107 S1: 1.6086 S2: 1.6053 S3: 1.6000 Technical summary: The b wave of wave iv should terminate soon and we should look for an impulsive rally higher towards 1.6450. This rally will end wave iv of the ending diagonal, which is currently […]
Today’s Support and Resistance levels: R3: 141.92 R2: 141.68 R1: 141.30 Current spot: 141.12 S1: 140.89 S2: 140.65 S3: 140.43 Technical summary: With a slight new low at 140.43 red wave v. As we now have a minor five wave decline from 143.79 we should expect a minor correction higher towards the 142.11-142.50 area, before […]
