USD/CAD Elliott Wave Last week, the USD/CAD pair has been trading upwards, corrective wave (c) (coloured red) of the bigger wave [y] (coloured green) has been developing. In the 1-hour chart of this commodity pair, we can see that price has found the resistance at 1.1172 and after that we can see the corrective move […]
AUD/USD Elliott Wave For the last couple of days, the AUD/USD pair has been trading downward, impulsive wave (v) (coloured red) of the bigger wave 1 (coloured blue) has been developing. In the 4-hour chart of this major pair, we can see that the move from the 0.9087 level (end of the (iv) wave) has […]
Today’s Support and Resistance levels: R3: 1.6752 R2: 1.6690 R1: 1.6629 Current spot: 1.6600 S1: 1.6564 S2: 1.6516 S1: 1.6492 Technical summary: We have seen the expected correction into the correction area of 1.6462 – 1.6493 with a low at 1.6492. It looks as the ongoing red wave iv correction is a flat correction; therefore, […]
Today’s Support and Resistance levels: R3: 141.17 R2: 140.78 R1: 140.50 Current spot: 140.45 S1: 140.12 S2: 139.68 S3: 139.15 Technical summary: The expected decline is developing nicely. In the short term we expect resistance in the 140.50 – 140.78 area to protect the upside for a break below minor support at 140.40 and more […]
On January 24, the DJIA, S&P and NASDAQ all lost close to two percent. On a day like that, it’s worth talking about the one indicator they don’t often mention on financial networks – namely, market sentiment. When is the best time to get out of the stock market? When everyone else is invested and […]
Today’s Support and Resistance Levels: R3: 1.6829 R2: 1.6760 R1: 1.6709 Current Spot: 1.6668 S1: 1.6598 S2: 1.6528 S3: 1.6493 Technical summary: The unexpected break above important resistance at 1.6499 is a total game changer here. The bearish picture we have been describing over the last month has worked pretty well until yesterday’s break above […]
Today’s Support and Resistance levels: R3: 141.43 R2: 141.03 R1: 140.74 Current spot: 140.45 S1: 139.59 S2: 138.61 S3: 137.99 Technical summary: The red wave ii correction ended slightly before the ideal target at 142.64 (the high came in at 142.42). The powerful decline that followed the high at 142.42 confirms that red wave iii […]
Today’s Support and Resistance levels: R3: 1.6499 R2: 1.6469 R1: 1.6438 Current spot: 1.6428 S1: 1.6392 S2: 1.6358 S3: 1.6320 Technical summary: The corrective cycle from 1.6238 has become more complex than firstly expected. We do however think that a top is close and the next impulsive decline ready to take over again. However, to […]
He created these charts – which cover markets like the S&P 500, NASDAQ, gold, and mutual funds – to explain where financial markets have been and where they are headed. These are not your typical price charts. They combine history and patterns to tell the story clearly, all from his distinctly different point of view. […]
As you likely know, the Asian markets have become an undeniable force in the global economy, and they have provided some of the most exciting investment opportunities in the past few years. Should you invest in China and Japan now? Discover an entirely fresh perspective on their economies in an eye-opening new free report from […]
Today’s Support and Resistance levels: R3: 1.6499 R2: 1.6469 R1: 1.6438 Current spot: 1.6428 S1: 1.6392 S2: 1.6358 S3: 1.6320 Technical summary: The corrective cycle from 1.6238 has become more complex than firstly expected. We do however think that a top is close and the next impulsive decline ready to take over again. However, to […]
Today’s Support and Resistance levels: R3: 142.90 R2: 142.64 R1: 142.42 Current spot: 142.17 S1: 141.88 S2: 141.46 S3: 141.03 Technical summary: The failure to break below 140.92 followed by a break above 141.85 is quite a surprise and has opened up for a much more complex correction. We will look for resistance at 142.64, […]
USD/CAD Elliott WaveВ For the last couple of days, the USD/CAD pair has been trading upward, just like we expected, impulsiveВ wave iii (coloured blue) of the bigger wave (c) (coloured red) has been developing. In the 1-hour chartВ of the USD/CAD pair we can see that the strong ascending movements from 1.0951 represent impulsive waveВ iii (coloured […]
AUD/USD Elliott Wave Since our last analyses the AUD/USD pair has been trading upward, corrective wave ii (coloured blue)has completed the cycle from 0.8755 at the 0.8887 level, and we should see more downward movements inthis iii wave that is currently developing. In the 1-hour chart we can see that after the flat patternin the […]
Robert Prechter: “Charts tell the truth. Let’s look at some charts.” By Elliott Wave International During QE3, the latest round of the Fed’s quantitative easing, the stock market rose. We all know that. But did you also know that commodities fell? That’s right: QE3 had zero effect on commodities — or maybe even a negative […]
Today’s Support and Resistance levels: R3: 1.6334 R2: 1.6307 R1: 1.6284 Current spot: 1.6263 S1: 1.6238 S2: 1.6190 S3: 1.6129 Technical summary: The correction we expected to end at 1.6310 became slightly more complex and ended at 1.6334. However, in the short term we are looking for minor resistance at 1.6284 to protect the upside […]
Today’s Support and Resistance levels: R3: 141.77 R2: 141.49 R1: 141.29 Current spot: 141.25 S1: 140.92 S2: 140.60 S3: 140.32 Technical summary: With the break below support at 141.34 we knew that red wave ii was in place at 141.85 (just below the ideal target at 141.92). In the short term we will be looking […]
AUD/USD Elliott Wave Since our last analyses the AUD/USD pair has continued trading upwards, corrective wave ii (coloured blue) ofthe bigger wave (v) (coloured red) has been developing. In the 1-hour chart we can see that the price was pushed towards the 0.8837 level yesterday, this move look corrective and that is why weare going […]
USD/CAD Elliott WaveВ The USD/CAD pair has reached invalidation level in the early London session, we have slightly adjusted our waveВ count to get new fresh signal for this pair. In the 1-hour chart, we can see that we are looking at the waveВ (b) (coloured red) as already complete cycle at 1.0841 level, now while this […]
Today’s Support and Resistance levels: R3: 142.35 R2: 142.15 R1: 141.92 Current spot: 141.70 S1: 141.52 S2: 141.38 S3: 140.92 Technical summary: We are now at the expected resistance levels we set out yesterday. In the short-term we could still see the test of resistance at 141.92, as long as support at 141.52 and more […]
Today’s Support and Resistance levels: R3: 1.6355 R2: 1.6333 R1: 1.6316 Current spot: 1.6303 S1: 1.6283 S2: 1.6249 S3: 1.6214 Technical summary: With the break below 1.6403, we got the confirmation needed that the next impulsive decline towards 1.6129 and maybe even lower towards 1.6049 is developing. In the short-term we will ideally see resistance […]
Today’s Support and Resistance levels: R3: 1.6594 R2: 1.6521 R1: 1.6499 Current spot: 1.6419 S1: 1.6403 S2: 1.6359 S3: 1.6324 Technical summary: The correction from 1.6214 has become a more complex double zig-zag correction, with the first zig-zag (w) from 1.6214 to 1.6417 followed by an x-wave down to 1.6272 and then the second zig-zag […]
Today’s Support and Resistance levels: R3: 141.91 R2: 141.61 R1: 141.37 Current Spot: 141.32 S1: 141.04 S2: 140.90 S3: 140.60. We now have seen a five wave decline from 145.69 down to 140.49 followed by a three wave rise to 142.91 and from 142.91 a new five wave decline. All this confirms that an important […]
USD/CAD Elliott Wave After a strong upward movements in the early January, the USD/CAD pair traded sideways last week.You can see on the 1-hour chart above that we are tracking this sideways movements from the 1.0991 level asthe flat correction that currently have two waves completed, we are going to look for one more push […]
AUD/USD Elliott Wave Last week, the AUD/USD pair has been trading downwards, impulsive wave i (coloured blue) of the bigger wave (v)(coloured red) has been developing. In the 1-hour chart you can see that AUD/USD descending move from 0.9083towards 0.8756 level looks as completed cycle, we are seeing price around 0.8805 at the moment and […]
Happy 100th Birthday, Fed Excerpted from Elliott Wave International’s market analysis By Elliott Wave International On December 23, the U.S. Federal Reserve celebrated its 100th birthday. When legislation creating its existence was signed on December 23, 1913 (in a sneaky move during a holiday week), Congress granted the Fed a monopoly on creating dollars backed […]
The Best of 2013: Seven Classic Elliott Wave Trade Setups You’ll See Again in 2014 We have hand-picked for you seven of the best trade set-ups of 2013 that are bound to be repeated in 2014. Here is one of seven By Elliott Wave International The best thing about Elliott wave patterns? Easy: They repeat. […]
USD/CAD Elliott Wave For the last few days, the USD/CAD pair has been trading downwards, corrective wave (b) (coloured red) of thebigger wave [y] (coloured green) has been developing. In the 1-hour chart above, you can see that we are trackingdownward move from 1.0990 as FLAT correction inside wave (b) (coloured red). While the price […]
AUD/USD Elliott Wave Since our last analyses the AUD/USD pair has been trading upwards, corrective wave ii (coloured blue) of thebigger wave (v) (coloured red) has started developing. In the 1-hour chart of the AUD/USD pair we can see that the price is pushing higher from 0.8776, and while the price stays above the 0.8750 […]
Today’s Support and Resistance levels: R3: 142.71 R2: 142.40 R1: 142.16 Current Spot: 141.97 S1: 141.84 S2: 141.53 S3: 141.39 Technical summary: It seems that wave ii ended just below our expected target between 143.09 – 143.17 as the top has been at 142.91. If the powerful wave iii has taken over we should see […]
