COST Favors Rally To Continue In Bullish Sequence

by elliottwave-forecast.com | May 7, 2024 5:40 pm
Costco Wholesale Corporation., (COST) engages in the operation of membership warehouse in the United States, Puerto Rico, Canada, United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China & Taiwan together with its subsidiaries. It offers branded...

Elliott Wave Expects New All Time High in Nvidia (NVDA)

by elliottwave-forecast.com | May 7, 2024 5:29 pm
Short Term Elliott Wave View on Nvidia (NVDA) suggests the stock ended correction on 4.20.2024 at 756.06. From there, the stock starts a new impulsive rally. Up from 4.20.2024, wave 1 ended at 846.07 and pullback in...

US Dollar Pullback Tests Key Support Against Swiss Franc

by ForexCycle.com | May 7, 2024 3:43 am
The USDCHF currency pair has broken below the rising trendline support visible on the daily chart and is now testing the key 0.8997 support level. This area will likely determine the pair’s near-term directional bias. Key Support...

US Dollar Stages Potential Reversal Against Japanese Yen

by ForexCycle.com | May 7, 2024 2:33 am
The USDJPY currency pair extended its downside move from the 160.21 high to a low of 151.86 in recent trading sessions. However, the subsequent bounce from 151.86 has reached as high as 154.52, suggesting that the bearish...

Why You Should Pay Attention to This Time-Tested Indicator Now

by ForexCycle.com | May 6, 2024 10:14 pm
By Elliott Wave International Paul Montgomery’s Magazine Cover Indicator postulates that by the time a financial asset makes it to the cover of a well-known news weekly, the existing trend has been going on for so long...

XME Elliott Wave : Buying The Dips at the Blue Box Area

by elliottwave-forecast.com | May 6, 2024 9:48 pm
Hello fellow traders.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of XME ETF, published in members area of the website. As our members know XME is showing impulsive...

EURGBP Perfectly Reacting Lower From Blue Box Area

by elliottwave-forecast.com | May 6, 2024 9:37 pm
In this technical blog, we are going to take a look at the past performance of EURGBP 4-Hour Elliott wave Charts that we presented to our members. In which, the decline to 2/14/2024 low took place as...

Do Not Miss Buying Opportunities Palantir (PLTR) Should Resume Higher

by elliottwave-forecast.com | May 6, 2024 9:24 pm
Palantir Technologies (PLTR), Inc. is a holding company, which engages in the development of data integration and software solutions. It operates through the Commercial and Government segments.  The firm offers automotive, financial compliance, legal intelligence, mergers and...

US Dollar Breaks Key Support Against Offshore Chinese Yuan

by ForexCycle.com | May 6, 2024 1:21 pm
The USDCNH currency pair has broken below the 7.1713 key support level, suggesting that the recent upside move from the 7.0869 low has likely completed at the 7.2826 high. This technical breakdown opens the door for further...