Tag: fibonacci numbers

If you are a technical analyst you have probably heard that we, chartists, cannot predict long term movements in the market, because the big...

The EUR GBP exchange rate went below 0.77 today, which is its lowest level since March 2008. To many this may be a reason to get...

“The support level is an area below the current price, which has prevented it from falling further in the past. That is why we...

The NZDJPY exchange rate took a hard hit during the crash of 2007-2009, falling down from the heights of 97.70 to as low as...

During the last several months the ASX 200 was going sharply up and down by 200-400 figures in each direction. Unless you have an...

On the 15-min chart of EUR USD we see something, which could easily be taken for a five-wave impulse to the downside, followed by...

The first of December was an interesting day for silver. At first, prices fell to as low as 14.33, but this weakness turned out...

“If this is the correct count, USD CAD should exceed the top of 1.1316.” Do you remember, when you read this in “USDCAD: A Bullish Elliott...

USD CAD managed to climb above 1.13 in the beginning of the week, but the bulls quickly ran out of power, which brought the...

Brent Oil has been declining sharply during the last five months, falling down from above $115 per barrel in June to under $77 in...

More than two weeks ago, on November 6th, we published an article, called “Gold With More Than One Option”. In this material we gave...

The bulls took control of GBP JPY in the middle of October. The recent rally began from 168 and now, less than a month...

LinkedIn showed some impressive performance until September 2013, when it managed to climb close to the $260 mark. To be more precise, the social...

Twitter failed its investors by not achieving success in its IPO  in contrast to its brothers Facebook and LinkedIn. Shares quickly jumped to a...

Facebook held its IPO on Friday, May 18, 2012 and for quite a while had serious issues. The internet company had lost more than...

Four days ago, on 19th October, we showed you a 4-hour chart of GBPUSD in an article called “Decreasing Selling Pressure on GBP USD”. The corrective...

A five-wave impulse followed by a correction is what every Elliott Wave analyst is looking for. It seems that we have found one such...

Gold prices managed to recover by almost $60 from the bottom of 1183 to 1238 so far. Are the bears surrendering or just regrouping?...

Palladium bounced up sharply from the bottom at 735 and is currently trading above 800. This renewed bull’s strength comes after a decline of...

Deutsche Bank predicts 0.9500 for EURUSD by the end of 2017. According to Goldman Sachs Group Inc., the Euro will reach parity with the...

Gold touched the important support level of 1180 for the third time in the last 16 months. How long can traders and investors expect...

EUR USD rate touched 1.25 on Friday last week, but managed to recover and is currently trading around 1.2640. How high should traders expect this...

Four days ago, on 2nd October, we showed you an analysis of the GBPCHF exchange rate, expecting it to fall to 1.53. Those of...

The last time we talked about crude oil was on 12th September in an article, called “A Major Bottom for Crude Oil Prices?”, where...

What is a support level? The support level is an area below the current price, which has prevented it from falling further in the...

AUDUSD lost more than 500 pips since the beginning of July. “Should we expect a reversal or the decline is set to extend?” is...

McDonald’s’ recent 13-dollar sell-off caught many investors unprepared. If you are one of them, you may benefit from reading this. “So, the Elliott Wave...

USDCAD declined as expected. Another drop-off is probable before the recovery starts. Traders may find this article helpful.  USDCAD was close to 1.10, when...

On July 2nd we published “USDRUB ready to resume the uptrend”, saying that “having the wave structure and the Fibonacci level in mind, we...

Those of you, who have walked through our Education section, may have seen an article, called “Expanding flat and how to avoid its traps”....