IBEX Elliott Wave: Buying the Dips at the Blue Box Area

by elliottwave-forecast.com | May 31, 2024 4:57 pm
Hello fellow traders. In this article we’re going to take a quick look at the Elliott Wave charts of IBEX published in members area of the website.  IBEX is showing impulsive bullish sequences in the cycle from...

Elliott Wave Analysis on AMD Suggest a Double Correction

by elliottwave-forecast.com | May 31, 2024 4:30 pm
Short Term Elliott Wave in AMD suggests the rally from 5.01.2024 low is in progress as an impulse. Up from 5.01.2024 low, wave (1) ended at 174.56 as the 30 minutes chart below showing. Wave (2) pullback...

US Dollar Consolidates After Extending Rally Against Japanese Yen

by ForexCycle.com | May 31, 2024 1:33 am
The USDJPY currency pair has extended its impressive upside move that originated from the 151.86 low, rallying as high as 157.70 in recent trading sessions. However, the subsequent pullback from the 157.70 high suggests that a consolidation...

Euro Breaks Key Support Against US Dollar, Correction Underway?

by ForexCycle.com | May 31, 2024 12:47 am
The EURUSD currency pair has broken below the key 1.0804 support level, suggesting that the recent upside move from the 1.0600 low has likely completed at the 1.0894 high. This technical breakdown has opened the door for...

Immutable X (IMX) Price Action Signals Further Upside

by elliottwave-forecast.com | May 30, 2024 4:18 am
Immutable X (IMX) is the native token of a layer-two scalingi solution for Non-Fungible Tokens (NFTs) on the Ethereum blockchain. In today’s article, we’ll explore the Elliott Wave path taking place within the daily cycle. Since December 2022, IMX rallied...

Elliott Wave Analysis Expects a Flat Correction as Wave 2 in EURUSD

by elliottwave-forecast.com | May 30, 2024 4:08 am
Short Term Elliott Wave in EURUSD suggests rally from 4.16.2024 low unfolded as a 5 waves impulse Elliott Wave structure. Up from 4.16.2024 low, wave ((i)) ended at 1.0753 and pullback in wave ((ii)) ended at 1.0649....

Think the Fed leads the market? Watch this…

by ForexCycle.com | May 29, 2024 10:59 pm
Do you pride yourself on making evidence-based investment decisions? Great! So do our friends at Elliott Wave International. In fact, their Head of Global Research, Murray Gunn, recorded a compelling 2-minute video that you need to see. Murray...

Wheat Elliott Wave Analysis shows Bullish Sequence

by elliottwave-forecast.com | May 29, 2024 3:20 pm
Hello traders. Let’s dive into the Wheat Elliott wave analysis, focusing on the bullish sequence that began in March 2024. We’ll revisit our traders’ last opportunity and explore the next one. Wheat (ZW_F) is one of the...

Elliott Wave Analysis Expects GBPUSD to Pullback in Wave 2

by elliottwave-forecast.com | May 29, 2024 2:27 pm
Short Term Elliott Wave in GBPUSD suggests rally from 4.22.2024 low unfolded as a 5 waves impulse Elliott Wave structure. Up from 4.22.2024 low, wave ((i)) ended at 1.2635 and pullback in wave ((ii)) ended at 1.2445....

Crude Oil Breaks Out of Bearish Channel, Key Resistance Ahead

by ForexCycle.com | May 29, 2024 1:25 am
The WTI crude oil futures contract has broken out above the resistance of the falling price channel visible on its 4-hour chart. Following the bullish breakout, the commodity is now facing a key test at the 80.04...