Tag: TECHNICAL ANALYSIS

Crude Oil Prices Dive Even as OPEC Cuts

crude oil prices analysis

Yesterday was an important day for crude oil traders, who have been waiting for OPEC to extend the production cuts in an effort to stabilize crude oil prices, whose recovery from below $30 a barrel still looks very fragile. OPEC countries did not disappoint and announced they have agreed to follow the output-cut deal at least […]

Nifty 50’s Bubble Just Keeps Inflating

nifty 50 elliott wave chart

Our previous analysis of the Indian Nifty 50 stock market index was published over seven months ago. On October 7th, 2016, the index was hovering slightly below 8700 and since the uptrend was still in progress, we thought a new all-time high should eventually be expected somewhere near 9200. Prices climbed to as high as 9 […]

SPX Selloff and Trump’s Political Mess

spx elliott wave chart may 8th

Calling for Donald Trump’s impeachment intensified after the President fired FBI’s director James Comey on May 9th in a move resembling Richard Nixon’s firing of special prosecutor Archibald Cox, who was appointed to investigate the Watergate scandal in 1973. A week later, as if to make things even worse, Trump allegedly revealed highly classified information to Russian […]

Hewlett Packard Soars to Highs Not Seen Since 2011

hp stock hewlett packard price chart

It is not even Hewlett Packard anymore, but it still follows the Elliott Wave path Our last post about Hewlett Packard was published on August 26th, 2015. Since that time, the company split in two separate entities – HP Inc., selling personal computers and printers, and Hewlett Packard Enterprise, which focuses on storage, servers, security and other corporate services. […]

BT Group Stock Not Done Falling Yet

bt group elliott wave chart

Shares of BT Group, the London, UK-based communication services provider, have been under bearish jurisdiction since November, 2015, when prices reached $37.70 on the New York Stock Exchange. A year and a half later, investors’s enthusiasm has faded and the stock is currently trading near $20 a share. Generally, the Elliott Wave Principle is a […]

GBPAUD About to Change Direction

gbpaud elliott wave chart analysis

The GBPAUD exchange rate climbed to levels not seen since September, 2016. The pair is currently trading close to 1.7600, nearly 19 figures above the bottom at 1.5757 registered in October last year. Rising prices could be tempting, but also dangerous. In fact, the daily chart below suggests the British Pound is at a critical […]

Bitcoin Traders Prepare for Another Correction

elliott-wave-chart-bitcoin may 5th

Bitcoin traders took the price of the virtual currency to a new all-time high of $1623 on the Bitstamp exchange yesterday. Soon after that it fell by nearly $180 to $1444, before recovering to $1609 again. The cryptocurrency’s violent swings no longer surprise anyone and with Elliott Wave analysis, their direction is not such a mystery, as […]

USDCAD Approaching 1.3800 Target

elliott-wave-chart-usdcad 1h april 24th

USDCAD climbed to 1.3757 this Tuesday after the recovery from 1.3222 continued. The pair has been making higher highs and higher lows since mid-April after the bears could not even drag the rate below 1.3200. Instead, it seems to be approaching the 1.3800 – level not seen since February, 2016. Explanations for the surge vary wildly, […]

AUDNZD Bulls to Show Their True Power

audnzd forex pair elliott wave chart

Nearly a month ago, on April 6th, the AUDNZD exchange rate was trading close to 1.0820, after falling from as high as 1.1018. But instead of buying the dip right away, in an article called “AUDNZD Navigating Through Elliott Waves”, we suggested traders would be better off waiting for the pair to improve the risk/reward ratio […]

GOOGL Stock Is a Temptation to Resist

googl stock weekly elliott wave chart update

Alphabet Inc. topped $600 billion market capitalization, after its stock closed at a new all-time high of $888.84 per share yesterday. This, plus the fact that it is a great, highly profitable company, could easily tempt investors to jump on board, hoping that the best is yet to come. For the business, this is probably […]