Archive by Author

USDJPY False Breakout Right On Schedule

usdjpy elliott wave analysis july 10

USDJPY’s rally from 108.80 came to its natural end last week, when the pair climbed to 114.50. The rate exceeded the mid-May high of 114.36 for what is usually called a “bullish breakout.” Unfortunately, instead of rising even more, the U.S. dollar reversed sharply to the south to reach 111.55 yesterday for a decline of almost 300 […]

Winds Might Change for Vestas Wind Systems

vestas wind systems

Vestas Wind Systems is the world’s largest wind turbine manufacturer. The company has installed almost 60 000 wind turbines in 76 countries around the globe. Last year’s record breaking revenue of 10.2 billion euro helped the stock gain enough inertia to give Vestas Wind Systems a market cap of $19.2 billion as of this writing. […]

Stay Worried About Tesla Stock

tesla elliott wave analysis

Just when Elon Musk’s Tesla is about to start delivering its first mass-production electric vehicle – the Model 3 – to clients, the stock suddenly dropped from an all-time high of $387 to $303 in just two trading weeks. The price managed to rebound and is currently hovering around $323 a share. However, the company […]

WPP Stock to Lose 30% from Current Levels

wpp stock elliott wave analysis

Like many others, communications services provider WPP Plc stock rebounded handsomely from its Financial crisis bottom at $22.35 a share in late-2008. By May 2015, the bulls had already lifted the price above the $120 mark. The problem is that unlike many other stocks, WPP’s went exactly nowhere during the past two years, locked in the […]

EURGBP Prone to More Weakness

eurgbp elliott wave chart

EURGBP has been rising for over two months now. The pair’s journey to the north began from 0.8313 in mid-April and did not stop until 0.8879 was reached on June 28th. However, everything comes to an end and the euro’s rally against the pound is unlikely to be an exception. In fact, judging from the […]

Nordstrom’s Woes Not Over Yet

nordstrom elliott wave analysis

Nordstrom Inc. is one of the largest fashion retailers in the United States and Canada, operating 354 stores in total. The company was founded in 1901 in Seattle, Washington. In this respect, Nordstrom has seen everything the retail industry and the economy as a whole could offer. It survived both world wars, the Great Depression, the […]

USDCAD: Ahead of The Slump of the Week

usdcad elliott wave analysis june 5

USDCAD opened at 1.3467 on Monday. Three days later, the pair fell by over 300 pips to as low as 1.3165. According to the media, the reason for the selloff was Bank of Canada’s sudden change of heart towards interest rates. At the start of 2017, the central bank was expected to lower the benchmark interest […]

GBPAUD Plunging Like There is No Tomorrow

gbpaud elliott wave chart analysis

It has been a little over a month since GBPAUD reached 1.7650 on May 10th. The day before, May 9th, we published “GBPAUD About to Change Direction”, sharing our Elliott Wave-based opinion, that instead of joining the bulls above 1.7600, traders should stay aside and get ready for a major bearish reversal. Here is the […]