Category: Elliott wave analysis
Elliott wave and technical analysis on EUR/USD; AUD/USD; DJI; Shanghai Comp. and Crude oil
EUR/USD – We saw the test closer to resistance at 133.00 and “only” needs a break below 131.80 to confirm, that wave 2 is done and wave 3 down has begun. As long as support at 131.80 holds risk is a break above 133.21, which will tell us that wave 2 is…
Is Natural Gas bottoming?
Natural Gas – Last month tried to break below its 20 year support-line and without success, this could be a clear warning, that Natural Gas is in a bottoming process. Looking at the Monthly chart we can see a clear A-B-C decline form the December-2005 …
Elliott wave and technical analysis on EUR/USD; GBP/USD; AUD/TRY; CAD/TRY and NZD/TRY
EUR/USD – Needed on more new high to near the 133.00 area, but we are now at a make it or break it point. A break below 131.80 will confirm, that a top is in place for a decline towards 131.00 and 129.50, where strong neckline support is found. This su…
Elliott wave and technical analysis on EUR/USD; GBP/USD; TRY/JPY; The VIX-Index; DJI; Shanghai Comp.; Copper and Crude Oil
USD/CAD – Has broken slightly below the former 99.23 low, but be aware of the possibility of a failure break. To confirm the failure break we need resistance at 99.47 and more importantly resistance at 99.85 broken. A break above 99.85 will call for at…
Dow non confirmation between the DJI vs. DJT
The above chart shows the Dow Jones Industrial index (DJI – The black line) and the Dow Jones Transportation index (DJT – Mixed red and green line).The first major Dow non-confirmation between the two was in mid-2007 to mid-2008, where the DJT made a n…
Elliott wave and technical analysis on EUR/CHF and USD/JPY
EUR/CHF – Time to buy some EUR against CHF. We seems to have build a inverted S/H/S bottom, which will be activated upon a break above 121.30 and should spark a rally towards at least 122.30, but we could easily see a much bigger rally towards the 124….
Elliott wave and technical analysis on the USD-Index; EUR/USD; USD/JPY; EUR/TRY and DJI
USD Index – The price action in the USD-Index was absolutely not in favor of the USD-Bulls yesterday, but as longs as support in the 78.75 – 79.00 protects the downside I will be looking for a new leg higher above 80.20 for a continuation higher toward…
Elliott wave and technical analysis on Apple; USD-Index; EUR/USD; EUR/TRY; VIX-Index; DJI and Crude oil
USD/JPY – The neckline resistance at 78.65 might be breaking. A close above this neckline resistance at 78.65 will call for a continuation towards next resistance at 80.26 and most likely higher towards the Inverse S/H/S target at 82.70.Stops on any lo…
Elliott wave and technical analysis on TRY/JPY; CAD/TRY; AUD/TRY and NZD/TRY
TRY/JPY – Has had a nice rally since my post on January 25 (see the post here: http://theelliottwavesufer.blogspot.com/2012/01/elliott-wave-analysis-on-tryjpy.html). As I said then it might be time harvest a nice profit here at the possible double bott…
Elliott wave and technical analysis on the USD-Index; EUR/USD; GBP/USD; USD/JPY; The VIX-Index; DJI and Shanghai Comp.
USD Index & EUR/USD – Has both broken their respective resistance and support line, but we still need a break above 97.52 in the USD-Index and a break below 130.25 in EUR/USD to confirm a turnaround.In EUR/USD be aware of support near 131.10, if th…
