AUDNZD Gains 500 Pips After Fibonacci Encounter

AUDNZD shot up sharply today, following a statement from the Reserve Bank of New Zealand that cemented the country’s interest rate at its current level for the foreseeable future. The pair was trading below the 1.1000 mark before the announcement, but rose to 1.1175 shortly after it. However, if you have been following our publications…

Read More »

Intel Looks Like a Buy-the-Dip Opportunity

When we published our last update on Intel in January, the stock was down to less than $44.50 a share following news that major security flaws in Intel’s processors make smartphones and PC’s vulnerable to hackers’ attacks. The situation looked very bleak for Intel as many corporations and institutions threatened to sue the company over the…

Read More »

Pandora’s Jewelry Hasn’t Lost Its Shine

And Pandora the stock is ready to get its shine back, too According to Pandora A/S’ 2017 annual report, the Copenhagen-based company is the “leader in the affordable jewellery segment and the largest producer of jewellery worldwide in terms of pieces crafted.” That leading position paired with double digit average earnings growth in recent years convinced…

Read More »

Greece is Better and Elliott Wave Confirms It

History was made last week, when Greece and its euro zone partners made a deal on the country’s debt. Under the agreement, Greece has been granted a 10-year debt maturity extension and will not have to make any debt payments until 2032. While both sides see the deal as a win, some think it simply…

Read More »

Bitcoin Falls Because of a 13th Century Mathematician

The price of Bitcoin, the largest cryptocurrency out there,  just fell to its lowest level since the start of the year. The previous major low of $5920, registered in early-February, has finally been breached. BTCUSD is currently hovering around $5850, which brings its total loss for the week to 9.3%. But why is Bitcoin crashing…

Read More »

AUDNZD Bears Bumping into Fibonacci Support

Earlier this month we published an article about AUDNZD, sharing two slightly different, but both bullish counts, which are supposed to eventually lift the pair to 1.1500 or higher. It is too early to say how this is going, but at least the short-term outlook seems to support the bigger picture. AUDNZD has been declining…

Read More »

Elliott Wave Strengthens DAX 30 Bullish Outlook

It has been over four months since we last wrote about the German DAX 30. The blue chip index was trading around 12 700 following a sharp selloff from as high as 13 602. However, despite the fact that this plunge looked quite scary, the Elliott Wave Principle suggested that “it looks more like another…

Read More »

Nifty 50 Still On Track for a New High Near 12 000

In mid-April the Indian benchmark stock market index Nifty 50 was trading near 10 550 after a recovery from a two-month plunge between 11 172 and 9952. Despite the recent pullback, the daily price chart suggested the uptrend was still in progress and the bulls should eventually be able to reach a new all-time high…

Read More »

Buckle Stock Gains 40% in Two Months

Two months ago, on March 15th, we published an Elliott Wave analysis of The Buckle stock (NYSE:BKE), saying that “the stage is set for a surge.” At the time of writing, the stock was barely holding above the $18 mark after a decline of nearly 30%. But instead of joining the bears, we thought that…

Read More »

EURCAD Bulls Setting Up a 400-Pip Recovery?

The European currency has had a tough time recently, losing ground against major rivals like the U.S. dollar and the Japanese yen. Here we are going to examine the Euro’s drop against the Canadian dollar, which has been in progress since March 20th, when EURCAD climbed to a multi-year high of 1.6153. The last time…

Read More »

Mylan Stock to Leave Three Painful Years Behind

Three years ago, in mid-April 2015, Mylan stock was trading in the vicinity of $77 a share following a phenomenal rally from as low as $5.75 in late-October 2008. Currently above $40, Mylan (NASDAQ:MYL) is trying to recover from its 61.7% selloff which dragged the share price to $29.39 by August, 2017. Would the bulls…

Read More »

Fibonacci Support Sends Nifty 50 to New High

In our last article about the Indian Nifty 50 index, published on May 19th, 2017, we shared an opinion that the price “is probably going to reach the 10 000 mark from now on. Maybe even 10 500.” Eleven months later, the Nifty 50 is trading near 10 550 after reaching 11 171 in late-January,…

Read More »

Foot Locker’s Death Greatly Exaggerated

In about six short months between May and November 2017, Foot Locker lost over 63% of its market capitalization. The retail crisis did not spare FL stock, which crashed from $77.71 on May 10th to $28.42 by November 8th last year, following misses in earnings and revenue in the first two quarters of fiscal 2018.…

Read More »

Buckle Stock Looks Bullish Ahead of Earnings

2017 was drawing to a close when we wrote an article about this relatively unknown apparel retailer on December 28th. The Buckle stock (NYSE:BKE) was trading near $24.50 after a four-month rally from as low as $13.60. But instead of falling in love with the recovery and joining the bulls, we decided to listen to…

Read More »

EURUSD Sent North by Fibonacci Support

EURUSD bulls had nothing to complain about last week, as the pair rose from 1.2248 to a new 3-year high of 1.2555. It is no secret that the pair has been in an uptrend, especially since it has been rising during the entire 2017. Still, trends always include moves in the opposite direction. The most…

Read More »