EURUSD Elliott Wave View: Bounces Are Expected To Fail

by elliottwave-forecast.com | May 29, 2018 10:29 am
EURUSD short-term Elliott wave view suggests that the decline from ( 1.1996 ) 5/14/2018 peak is unfolding as ending diagonal structure in Intermediate wave (5) lower as mentioned in the previous post here. The internals of each of leg in ending diagonal structure is...

Elliott Wave Analysis: EURJPY Has a Bearish Sequence

by elliottwave-forecast.com | May 25, 2018 10:01 am
EURJPY short-term Elliott Wave view suggests that the bounce to 5/14 high at 131.38 ended Minor wave B. Down from there, the decline is unfolding as Elliott wave impulsive structure in Minor wave C lower. The internal sub-division of each leg...

Elliott wave Theory and Market Timing

by elliottwave-forecast.com | May 25, 2018 9:49 am
In this blog, we will talk about the concept of Market Timing. Market is a wild animal which always, is in full control. Many traders want to trade every day and always getting in and out of...

Delay in Nafta Deal Doesn’t Hurt Canadian Dollar

by elliottwave-forecast.com | May 24, 2018 2:39 pm
We wrote in our previous article that Canadian dollar may get a bid if NAFTA (North America Free Trade Agreement) is successfully renegotiated. The three countries under NAFTA (U.S., Canada, and Mexico) are all under pressure to reach a...

The Hang Seng Index Larger Bullish Cycles

by elliottwave-forecast.com | May 23, 2018 3:12 pm
The Hang Seng Index Larger Bullish Cycles. Firstly the Hang Seng index larger bullish cycles has been trending higher with other world indices. In April 2003 it put in a huge degree pullback low. From there the...

GBPUSD Elliott Wave View: Showing Impulse Structure

by elliottwave-forecast.com | May 23, 2018 2:54 pm
GBPUSD Elliott wave view in short-term cycle suggests that the decline from 4/17/2018 high (1.4377) is unfolding as an impulse Elliott wave structure where bounce to 1.3607 high ended Intermediate wave (4). Down from there, intermediate wave (5) remains in progress...

USDCAD Extending Lower As Elliott Wave Impulse

by elliottwave-forecast.com | May 22, 2018 3:18 pm
USDCAD short-term Elliott Wave view suggests that the bounce to 1.2998 on 5/08 high ended primary wave ((2)). Below from there, primary wave ((3)) remains in progress as an Impulse Elliott Wave structure looking for more downside extension. In Impulse wave,...

HFC HollyFrontier Corporation Impulsive Elliott Wave Rally

by elliottwave-forecast.com | May 17, 2018 3:05 pm
Holly Corporation and Frontier Oil merged in July 2011 to form HollyFrontier Corporation (NYSE: HFC). The company is a petroleum refiner and distributor of petroleum products, from gasoline to petroleum-based lubricants and waxes. Over the past 2...

CVR Energy CVI Showing Bullish Structure

by elliottwave-forecast.com | May 17, 2018 2:42 pm
CVR Energy (NYSE: CVI) is one of the best performing Energy stocks in the recent 2 years yielding +220% since November 2016 low. Despite the correction taking place in the stock market, CVI did manage to retrace the whole decline...

DAX Elliott Wave Analysis: Ending The Wave 3 Soon

by elliottwave-forecast.com | May 16, 2018 2:15 pm
DAX Elliott Wave view in shorter cycles suggests that the rally from March 26.2018 low (11704) is extending higher in Impulse sequence with extension in the 3rd wave. It’s important to note that an impulse structure should have internal...