The Fed — Why Are We Paying These Guys
When it comes to interest rates, the Fed is NOT in control. The Fed does not lead; it follows the market. This chart shows the Federal Funds Rate alongside the U.S. Treasury 2-Year Yield. You can see...
Month: September 2024
USDJPY Breaks Out: Is a New Uptrend Forming?
The USDJPY pair has made a significant technical move, breaking above the falling price channel on the 4-hour chart. This breakout suggests that the downward movement from 147.20 may have found its bottom at 139.57, potentially setting...
EURUSD Faces Resistance: What’s Next for the Pair?
The EURUSD pair has encountered a roadblock, failing to breach the 1.1201 resistance level and subsequently retreating from 1.1188 to 1.1068. This recent pullback is likely a correction within the broader uptrend that began at 1.1001. Despite...
Token PENDLE Looking for Reaction from Blue Box Area
PENDLE is a DeFi protocol focused on yield trading, allowing users to both fix or leverage their yield. In today’s blog, we’ll explain the daily Elliott Wave structure taking place and show the potential outcome for the token. Since...
AUDUSD rallies from the extreme within a corrective structure
Hello traders. Welcome to another trading blog where we discuss chart setups that Elliottwave-Forecast members traded. In today’s blog, the spotlight will be on AUDUSD as the pair recently reacted as expected from an extreme area thus...
EURUSD Shows Signs of Uptrend After Breaking Resistance
The EURUSD pair has made a significant move, bouncing from 1.1001 to reach 1.1146. This surge has broken through the resistance of the falling price channel on the 4-hour chart, suggesting that the previous downward movement from...
Elliott Wave View on Nasdaq (NQ) Calling the Next Bullish Leg Has Started
Short term Elliott Wave view on Nasdaq (NQ) shows that rally from 8.5.2024 low is unfolding as a 5 waves impulse. Up from 8.5.2024 low, wave (1) ended at 20025.25. Pullback in wave (2) ended at 18338.45...
NexGen Energy (NXE) May Have Ended Correction
NexGen Energy Ltd. (NXE) is a uranium exploration and development company based in Vancouver, British Columbia. They focus on high-impact projects in the Athabasca Basin in Saskatchewan, Canada. This area is known for having the highest-grade uranium deposits...
USD/JPY Update: Continued Downtrend Within Falling Channel
The USD/JPY pair has seen its downside move extend from 147.20 down to 139.57. Currently, the pair remains within a falling price channel on the 4-hour chart, indicating that the downtrend could persist as long as channel...
Invesco Commodity Index Fund ( $DBC) Elliott Wave Structure Favors More Downside.
Hello Traders! In this technical blog we are going to take a look at the Elliott Wave path in Invesco Commodity Index Fund ($DBC) and explain why the ETF should see more downside in a ZigZag ABC...