In this technical blog, we are going to take a look at the past performance of XLE 1-Hour Elliott wave Charts that we presented to our members. In which, the decline from 4/23/2019 peak took place as...
Bank of America (Ticker: BAC) decline from December 27, 2019 high is unfolding as a 5 waves impulsive Elliott Wave structure. Down from December 27 high, wave ((1)) ended at $32.47 and wave ((2)) ended at $35.45....
We at Elliottwave-Foreast.com use a lot of market correlation to derive our forecasts alongside other tools that we use. In this article, we would look at a recent example of Market correlation used in our forecasts and...
In this blog, we are going to take a look at the Elliottwave chart of NASDAQ. Based on the daily chart shown below, NASDAQ has ended the rally from 2009 low at 9760.61 high. The index is...
Our friends at Elliott Wave International have been guiding investors through bull and bear markets since 1979. From that long experience, they know that at certain market junctures, they can help the most by giving everyone their...
USDCAD extended its upside movement from 1.3201 to as high as 1.3795. Further rise would likely be seen and next target would be at 1.3850 area. Key support is at 1.3516, only break below this level could...
USDJPY broke above the resistance of the falling trend line on the 4-hour chart, suggesting that the downtrend from 112.22 had completed at 101.17 already. Further rally would likely be seen and next target would be at...
AUDUSD remains in the uptrend from 0.6311, the pullback from 0.6684 would possibly be corrective consolidation for the uptrend. As long as 0.6450 support holds, the upside movement could be expected to resume, a breakout of 0.6560...
GBPUSD broke below the bottom of the price channel on the 4-hour chart, suggesting that the upside movement from 1.2725 had completed at 1.3199 already. Further decline is still possible and next target would be at 1.2750...
EURUSD is facing the support of the rising trend line on the 4-hour chart. As long as the trend line support holds, the pullback from 1.1496 could be treated as consolidation for the uptrend from 1.0778, and...
