Today’s Support and Resistance levels: R3: 142.89 R2: 142.74 R1: 142.49 Current Spot: 142.36 S1: 142.25 S2: 141.86 S3: 141.41 Technical summary: Do we have an important top in place at 142.89 or are we just consolidating for one last rally higher towards 143.25? It is still an open question. No matter what the outcome […]
Today’s Support and Resistance levels: R3: 1.6756 R2: 1.6694 R1: 1.6659 Current Spot: 1.6626 S1: 1.6597 S2: 1.6569 S3: 1.6517 Technical summary: We are still looking for the final rally in blue wave v higher towards 1.6869 to end the leading diagonal. Once we have seen 1.6869 tested we should see a correction lower towards […]
Today’s Support and Resistance levels: R3: 143.24 R2: 142.89 R1: 142.59 Current Spot: 142.38 S1: 142.14 S2: 141.86 S3: 141.41 Technical summary: It is still an open question whether we have seen an important top at 142.89 or we need more upside action before the top is finally in place. To confirm, that we have […]
Today’s Support and Resistance levels: R3: 1.6808 R2: 1.6750 R1: 1.6706 Current Spot: 1.6693 S1: 1.6642 S2: 1.6608 S3: 1.6569 Technical summary: The FED desicion also produced a minor new high at 1.6807 here. The 1.6807 high was followed by a quick decline to 1.6569. That could have ended the leading diagonal, but it could […]
Today’s Support and Resistance levels: R3: 142.89 R2: 142.54 R1: 142.41 Current Spot: 142.14 S1: 141.67 S2: 141.27 S3: 140.91 Technical summary: FED was fiddling with the Market yesterday, which produced a short term hick up. However, as support at 140.91 stayed unbroken we knew, that the uptrend was still intact and FED’s hick up […]
Today’s support and resistance levels: R3: 1.6869 R2: 1.6779 R1: 1.6718 Current Spot: 1.6691 S1: 1.6666 S2: 1.6603 S2: 1.6556 Technical summary: Nothing new here. We are still looking for the last rally higher towards 1.6869 to finish the leading diagonal. After correction lower from 1.6869 towards 1.6556, a new impulsive rally higher towards 1.7239 […]
Today’s support and resistance levels: R3: 142.35 R2: 142.21 R1: 141.95 Current spot: 141.82 S1: 141.80 S2: 141.43 S3: 140.98 Technical summary: Important support at 140.91 is still unbroken, which keeps the underlying uptrend intact. However, we have seen a break below the support line from 134.10 adding confidence in an important top being in […]
Today’s Support and Resistance levels: R3: 142.83 R2: 142.42 R1: 142.12 Current Spot: 141.82 S1: 141.70 S2: 141.21 S3: 140.90 Technical summary: As we still have not seen a break below 140.91; therefore, it is still an open question whether we have an important top in place. As long as important support at 140.91 stays […]
Today’s Support and Resistance levels: R3: 1.6779 R2: 1.6718 R1: 1.6675 Current Spot: 1.6613 S1: 1.6581 S2: 1.6556 S3: 1.6516 Technical summary: We are still looking for the final rally towards 1.6869 to end the leading diagonal. Once it is finished, we should see a correction towards 1.6556, before a new powerful impulsive rally higher […]
Today’s Support and Resistance levels: R3: 1.6779 R2: 1.6708 R1: 1.6658 Current Spot: 1.6622 S1: 1.6590 S2: 1.6556 S3: 1.6516 Technical summary: We are still looking for the fianl rally in green wave v towards 1.6869 to end the leading diagonal. Once green wave v is in place we should see a correction towards 1.6556 […]
Today’s Support and Resistance levels: R3: 142.15 R2: 141.93 R1: 141.73 Current Spot: 141.46 S1: 141.20 S2: 141.91 S3: 140.79 Technical summary: With the break below 142.15 we had the first strong indication, that an important top is in place at 142.83. However, we still need a break below 140.91 to confirm, that the top […]
Today’s Support and Resistance levels: R3: 1.6869 R2: 1.6800 R1: 1.6735 Current Spot: 1.6707 S1: 1.6673 S2: 1.6648 S3: 1.6590 Technical summary: The price action seen over the last couple of days, has been slightly disappointing and is not really in accordance with the scenario of a series of waves one’s and two’s developing. Therefore […]
Today’s Support and Resistance levels: R3: 143.88 R2: 143.22 R1: 142.81 Current Spot: 142.50 S1: 142.20 S2: 141.94 S3: 141.39 Technical summary: We have seen the expected rally towards 143.22 (the high till now has been 142.81). We are now in the very last part of the rally from 94.10. Only a break below 142.12 […]
Today’s Support and Resistance levels: R3: 1.6798 R2: 1.6735 R1: 1.6689 Current Spot: 1.6655 S1: 1.6626 S2: 1.6581 S2: 1.6522 Technical summary: We did see a break above resistance at 1.6750, which confirms the uptrend. However, the following correction is deeper that would be expected. That could imply two things, that a series of waves […]
Today’s Support and Resistance levels: R3: 143.22 R2: 142.78 R1: 142.34 Current Spot: 141.81 S1: 141.33 S2: 140.95 S3: 140.40 Technical summary: Support at 140.99 did more or less protect the downside as we expected. We did see a slight dip below 140.99, but it was not sustained and we are now in the final […]
Today’s Support and Resistance levels: R3: 167.50 R2: 167.16 R1: 166.61 Current Spot: 1.6626 S1: 1.6584 S2: 1.6550 S3: 1.6516 Technical summary: We are still looking for green wave iii to push over resistance at 1.6750 confirming that a new powerful rally towards at least 1.7239 is developing. As long as resistance at 1.6750 stays […]
Today’s Support and Resistance levels: R3: 142.82 R2: 142.17 R1: 141.69 Current Spot: 141.36 S1: 140.99 S2: 140.40 S3: 139.96 Technical summary: Ideally we will see support at 140.99 protecting the downside for a break above 141.69, confirming that the final rally higher towards 142.80 and possibly even higher towards 144.00 if the final wave […]
Today’s Support and Resistance levels: R3: 1.6750 R2: 1.6688 R1: 1.6615 Current Spot: 1.6586 S1: 1.6550 S2: 1.6508 S2: 1.6470 Technical summary: We have seen the expected rally above minor resistance at 1.6556 indicating that green wave ii ended at 1.6470 and that green wave iii is developing. In the short term we would like […]
Today’s Support and Resistance levels: R3: 144.00 R2: 143.60 R1: 142.38 Current Spot: 142.07 S1: 141.76 S2: 141.53 S3: 140.99 Technical summary: We are in the final stages of the rally from the 131.20 low. That said, in the short term we are looking for support at 140.99 to protect the downside for a move […]
Today’s Support and Resistance levels: R3: 143.60 R2: 142.38 R1: 141.74 Current Spot: 141.07 S1: 140.82 S2: 140.37 S3: 140.00 Technical summary: With the rally above 139.60, we knew that one more new high above 140.02 was needed. However, the rally we saw was much stronger than expected. Looking at the rally from the 131.20 […]
Today’s Support and Resistance levels: R3: 1.6688 R2: 1.6601 R1: 1.6556 Current Spot: 1.6521 S1: 1.6470 S2: 1.6454 S3: 1.6443 Technical summary: We did not expect an expanding flat correction to develop, but as long as important support at 1.6443 stays untouched, we will be looking for a break above 1.6556 and more importantly a […]
Today’s Support and Resistance levels: R3: 1.6775 R2: 1.6721 R1: 1.6690 Current Spot: 1.6657 S1: 1.6621 S2: 1.6598 S3: 1.6580 Technical summary: After slightly deeper correction towards 1.6522, we saw a new impulsive rally above resistance at 1.6635 and it should only be a matter of time before the next impulsive rally higher towards at least […]
Today’s Support and Resistance levels: R3: 140.69 R2: 140.02 R1: 139.61 Current Spot: 139.22 S1: 139.12 S2: 138.46 S3: 138.16 Technical summary: We did not get a resolution yesterday, as this cross traded in a narrow band between 138.46 and 139.56 all day. We are still looking for confirmation, that a major top is in […]
Today’s support and resistance levels: R3: 1.6681 R2: 1.6627 R1: 1.6592 Current spot: 1.6578 S1: 1.6535 S2: 1.6517 S3: 1.6443 Technical summary: We have seen a clear impulsive five wave rally from the 1.6443 low to 1.6635 (a little below the ideal target of 1.6658). The correction from 1.6635 could be over with the test […]
Today’s support and resistance levels: R3: 140.02 R2: 139.61 R1: 139.19 Current spot: 139.14 S1: 138.80 S2: 138.43 S3: 138.16 Technical summary: The decline from 140.02 do have some impulsiveness to it, but it is not enough to confirm that we have an important top in place at 140.02 and that a major correction in […]
Today’s Support and Resistance Levels: R3: 1.6658 R2: 1.6636 R1: 1.6607 Current Spot: 1.6577 S1: 1.6560 S2: 1.6540 S3: 1.6520 Technical Summary: After a quick decline to just below the ideal target at 1.6446 (the low came in at 1.6443, just 3 small pips below the ideal target) we have seen an impulsive rally. This […]
Today’s Support and Resistance Levels: R3: 139.83 R2: 139.62 R1: 139.54 Current Spot: 139.36 S1: 139.18 S2: 138.93 S1: 138.69 Technical Summary: After some small stabs above the ideal target at 139.89 with a high at 140.02, we saw the expected decline and we also saw a short term break below important support at 138.97, […]
Today’s Support and Resistance Levels: R3: 1.6727 R2: 1.6664 R1: 1.6601 Current Spot: 1.6578 S1: 1.6553 S2: 1.6488 S3: 1.6446 Technical Summary: The big question here is whether we have seen the bottom of red wave ii at 1.6488 (just above the ideal target at 1.6446) or we will see minor resistance at 1.6601 protect […]
Today’s Support and Resistance Levels: R3: 141.59 R2: 140.70 R1: 139.89 Current Spot: 139.86 S1: 139.52 S2: 138.97 S3: 138.31 Technical Summary: Minor support at 138.97 did hold for the final rally higher towards the ideal target at 139.89 (the high has been 139.90). As confirmation that we have seen the top of wave v […]
Janet Yellen Is Close to Making History in Two Ways Psychology appears near a major turn By Elliott Wave International Janet Yellen just moved closer to her place in history when the Senate Banking Committee approved her nomination to lead the Federal Reserve. The full Senate is expected to confirm. If so, she will be […]
