NQ_F: Wave (ii) Found Support From Equal Legs Area

by elliottwave-forecast.com | May 9, 2023 6:22 pm
Hello Traders, in this article we will analyze our forecast of the Nasdaq Futures in the short term cycle. Since the short term peak of NQ_F from 05.01.2023 to end wave (i) we have been expecting a...

DE (Deere & Company) Favors Weakness In Flat Correction

by elliottwave-forecast.com | May 9, 2023 6:10 pm
Deere & Company manufactures & distributes various equipment worldwide. The company operates through four segments: Production & Precision Agriculture, small Agriculture & Turf, Construction & Forestry, & Financial services. The company is based in Illinois, US, comes...

USDX Forecasting The Decline After Elliott Wave Double Three

by elliottwave-forecast.com | May 9, 2023 5:43 pm
Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of Dollar index published in members area of the website.  As our members know USDX has recently  made...

More Banks Could Collapse — A Lot More

by ForexCycle.com | May 9, 2023 1:57 pm
By Elliott Wave International It’s sobering to reflect on the fact that the second, third and fourth largest bank failures in U.S. history have all occurred in just the past few months. They are First Republic, Silicon...

USDCAD Analysis – May 9, 2023

by ForexCycle.com | May 9, 2023 1:15 am
USDCAD has been experiencing a consolidation phase for the downtrend from 1.3667, after rebounding from the 1.3314 level, where it has found support. In the near term, a range trading between 1.3314 and 1.3415 can be expected...

USDJPY Analysis – May 9, 2023

by ForexCycle.com | May 9, 2023 1:07 am
USDJPY has been in a consolidation phase for the downtrend from the high of 137.77. The pair has been in range trading between 133.49 and 135.80, and further consolidation could be expected in the near term. If...

AUDUSD Analysis – May 9, 2023

by ForexCycle.com | May 9, 2023 12:58 am
AUDUSD has been showing a strong uptrend since hitting a low of 0.6573. The pair remains above the rising trend line on the 4-hour chart, indicating the continued strength of the uptrend. However, as the pair approaches...

GBPUSD Analysis – May 9, 2023

by ForexCycle.com | May 9, 2023 12:50 am
GBPUSD has been trading in a consolidating pattern recently, with the pair pulling back from its recent high of 1.2668. This suggests that a period of consolidation for the uptrend from the Mar low of 1.1802 is...

EURUSD Analysis – May 9, 2023

by ForexCycle.com | May 9, 2023 12:43 am
EURUSD has been moving sideways in a tight range between 1.0909 and 1.1095, with neither the bulls nor the bears taking control of the pair. The lack of directional bias has kept the pair within the range...

Johnson & Johnson (JNJ) Shares Are Entering In A Bull Trap

by elliottwave-forecast.com | May 8, 2023 5:32 pm
Johnson & Johnson (JNJ) is an American multinational corporation founded in 1886 that develops medical devices, pharmaceuticals, and consumer packaged goods. Its common stock is a component of the Dow Jones Industrial Average, and the company is...