DAX short-term weakness

On the 10-minute chart of the German DAX we can count a clear five-wave impulse to the south. This means that after a three-wave rally, prices are expected to fall some more in wave (3)/C. A new bottom below 8575 should not be a surprise. This count would be invalidated if the DAX makes a new…

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GBPUSD, not as optimistic as it seems

GBPUSD has been in a strong uptrend for quite a long time. The pair managed to climb up from 1.4812 to nearly 1.70 without making a major correction. Some people even say the strength of the Great Britain Pound may soon start hurting Britain’s economy, since it makes British goods and services relatively expensive. But…

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Cannabis indicator and what it means

Socionomics is the science of social prediction. By investigating social mood, reflected graphically on the financial markets, socionomists try to predict social behavior. Social mood is also reflected in different fields like politics, culture, construction and many others. We can use those indicators to determine the trend of social mood, and what is more important…

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USDCAD short term bullish

On the 30-minute chart of USDCAD we are able to count a clear five-wave impulse in the upward direction, followed by the natural corresponding retracement in wave (2)/B down. As the chart shows, the corrective decline seems to have found support at the 61.8% Fibonacci level, which is quite typical. We expect USDCAD to start rising…

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USDJPY intraday fives

In our last analysis of USDJPY, “Calm before the storm”, we were expecting the pair to rise to the 102.20 area and start declining from there. Well, it reached a little higher to 102.35, close to the 61.8% Fibonacci level, but this did not change our bearish count and expectations, because this is the level, where…

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Financial myths and Socionomics

Often we hear on the news how the big institutions like the European Central Bank, Federal Reserve and so on are making reforms and changing the market so the economy could get healthier and boost its growth. According to the world’s conspiracy theories, the world’s biggest families like the Rothschild, Rockefeller and Morgan or Illuminati…

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Singapore. The end of the bear market

The Asian financial crisis started in 1997 and spread vastly over other sectors of the economy. The crisis started in Thailand with the collapse of its national currency the Thai Baht. The government was forced to cut its fixed exchange rate (PEG) to the US$. As the crisis spread, currencies slumped, stocks and other assets…

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We warned you about Peugeot

Almost two months ago, on March 15th, we published an article, called “Peugeot SA could lose one third”. Reading: Peugeot SA could lose one third In that material we stated, that although Peugeot 308 had just been crowned “Car of 2014”, we expect a significant decline in the company’s stock prices. This chart represents the…

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Gold confirms intraday reversal

In our previous analysis of gold we showed you the following chart, saying that “wave 4, if a triangle, may still be under construction”. On the next chart you can see that wave 4 really did develop as a triangle, after which wave 5 to the downside completed the whole impulse. According to the Elliott Wave Principle,…

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EURUSD, it is time.

In this analysis of EURUSD we will look at the price action from two angles – conventional technical analysis and then the Elliott Wave Principle. As you will see, the two methods confirm each other, giving us a one-sided view for the Euro versus the US dollar. First we will examine the conventional point of…

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Gold is weak. What is the reason?

A month ago, on April 9th, we published an article about gold, in which we showed you two alternative counts. As you will notice, gold has been trading exactly according to the first one. When we made that forecast, the price of the yellow metal was 1310 dollars per ounce and rising, but we were expecting…

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EURUSD reached target. Now what?

“Considering the bigger picture, 1.40 seems to be a reasonable target for wave C up, but once it is reached, we have to be careful, because it might be the final top for EURUSD.” This is an excerpt from an article about EURUSD, which we published on April 22nd, when the pair was trading around 1.3800.…

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USDJPY. Calm before the storm

USDJPY has been moving sideways between 101 and 104 for over 3 months now. In our opinion, the moment of breakaway is just around the corner. The direction of this breakaway should be to the south. In order to support this statement we will show you two charts – 4-hour and 1-hour time-frames. Let’s start…

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Crude Oil according to plan

On April 8th we published an analysis on crude oil, in which we were expecting a decline soon. We were preparing for a sell-off, because we had a classical 5-3 Elliott Wave pattern. On the chart below you can see how crude oil looked like, when we made this forecast. The next chart will show you…

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