EURUSD and the Broken Price Channel

eurusd elliott wave analysis november 13

It has been a good week for EURUSD bulls so far, who managed to lift the pair from 1.1637 to as high as 1.1860 by Wednesday. This rally has not been widely expected for two reasons. First, the euro has been declining against the U.S. dollar since it reached an intraday high of 1.2092 on…

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Dash’s Bullish Reversal Was Worth Waiting For

dash elliott wave analysis november 15

On October 5th, Dash was the sixth largest cryptocurrency with a market cap of roughly $2.3 billion. Over a month later, it is still sixth, but in such a short time has managed to add another billion dollars to its capitalization, which currently stands at $3.3 billion, after DSHUSD rose to nearly $500 per coin…

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Intel Stock Keeps Its Elliott Wave Promise

intel stock elliott wave analysis november 13

Not too long ago, on August 10th, Intel stock was trading around $36.60 per share. The price was in recovery mode, following a decline from $38.45 to $33.25. By November 3rd, it reached $47.29 for a 29.2% return in less than three months. According to analysts covering the company, the reason for this phenomenal surge…

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Not Your Ordinary Bitcoin Pullback…

The price of Bitcoin reached a new all-time high of $7888 two days ago, making the biggest cryptocurrency in the world even bigger by taking its market capitalization to roughly $130 billion. Today, Bitcoin’s market cap is reduced to $110 billion after its price plunged to $6490 as of this writing. Crypto traders are used…

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Ingersoll-Rand: A Dangerous Dip to Buy

ingersoll-rand elliott wave analysis

In less than two years, Ingersoll-Rand’s stock more than doubled. The price was down to $47.08 in January, 2016. On October 24th, 2017, it touched $96.23 for a total return of 104.3%, not counting the dividends. Anyone, who managed to catch this rally from the start is probably very pleased with the result. The problem…

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USDJPY’s Chart Was Bullish Three Weeks Ago

usdjpy elliott wave analysis october 18

Less than a month ago, on October 16th, USDJPY fell to 111.65 and it looked like more weakness would follow. Instead, the pair is currently trading above 114.30, after it climbed to 114.73 yesterday, November 6th. The good news is that traders did not have to watch from the sidelines, because the Elliott Wave Principle…

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Bitcoin’s Resiliency Exceeds Expectations

bitcoin elliott wave analysis november 1

It is no secret that we have been skeptical about Bitcoin’s uptrend going forward for while now. We still are. The price is up by over 600% this year, showing all signs of a bubble. This, however, does not mean we have turned bearish just like that. The Elliott Wave Principle proved to be a…

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Waddell and Reed’s Woes Not Over Yet

waddell reed elliott wave analysis

As stock market averages continue to rise, people have started to wonder why do they need to pay someone to manage their money, if they could achieve a satisfactory return just by buying and ETF tracking the S&P 500, for example. As a result, money has been pouring out of hedge funds at a record…

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Elliott Wave Setup Sends Bitcoin to All-Time High

bitcoin elliott wave analysis oct 29

Ever since it climbed to $6180, Bitcoin has been rather indecisive. The price of the biggest cryptocurrency by market capitalization fell to $5366 at one point on October 25th. Fortunately, it was Wednesday, which means it was time for our mid-week update. In a single .pdf file we provided a short-term update on all seven…

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Here is Why Gold Prices Turned Bearish From $1306

gold elliott wave analysis oct 16

Gold’s last major bottom was formed at $1260.50 on October 6th, following a decline from as high as $1357. By October 16th, the price of the precious metal was up to $1306 for a recovery of over $45. But instead of continuing to the north, the bulls could not breach this barrier and fell pray…

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DJIA: Extended Fifth Wave In Progress

djia elliott wave analysis

The last time we wrote about the DJIA was in December, 2016. The most important benchmark index was approaching  19 800, in our opinion “transforming optimism into mania”. However, the Elliott Wave Principle suggested the bulls were about to go even higher. The 22 000 mark looked like a reasonable target, despite the fact that…

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NASDAQ’s Ascent Spoiled by Gravity?

nasdaq elliott wave analysis oct 24

Less then three months ago, while it was hovering around 6360, we published an ARTICLE about the NASDAQ Composite, saying that “6500 is still on the table“, but a decline to at least 6100 should first be expected. Here is the Elliott Wave analysis this prediction was based on. The reason we were expecting a…

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Elliott Wave Pattern Gives NEO Bulls Hope

neo usd elliott wave analysis

As of today, NEO is the ninth largest cryptocurrency, closely following BitConnect and closely followed by Monero. With a market capitalization of less than $1.4 billion, NEO is hardly as important as Bitcoin, which exceeded the $100 billion mark last week, but this does not mean it cannot offer some interesting opportunities. The price of…

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Nikkei 225 Bulls Overstaying Their Welcome

nikkei 225 elliott wave analysis

Similarly to other benchmark stock market indices such as the Dow Jones Industrial Average, the S&P 500 or the German DAX, the Japanese Nikkei 225 has been a wonder to behold since its 2009 bottom. During the past nine years, Nikkei 225 has returned over 200%, 205.4% to be exact, climbing from just under 7000…

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DAX In a High-Risk-Low-Return Zone

dax index elliott wave analysis

Nearly three months ago, on July 27th, the German DAX was hovering near 12 300, down from an all-time high of 12 951 reached in June. At the time, uncertainty was mounting. The European Union’s inability to find an acceptable solution to the refugee crisis was becoming obvious and the rising number of terrorist attacks…

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