NIO (NYSE): Consolidating Gains Before a Break Higher

by elliottwave-forecast.com | August 5, 2020 4:25 pm
Company Profile. NIO Inc. is a pioneer in China’s premium electric vehicle market. We design, jointly manufacture, and sell smart and connected premium electric vehicles, driving innovations in next generation technologies in connectivity, autonomous driving and artificial intelligence. Nio...

$NEM The Longer Term Bullish Cycles of Newmont Corporation

by elliottwave-forecast.com | August 5, 2020 4:25 pm
$NEM The Longer Term Bullish Cycles of Newmont Corporation Firstly from the beginning of price data from back in the 1970’s not shown on the chart, the price trend was obviously up. It ended that bullish cycle...

Has The Euro Dollar Finally Turned the Corner?

by elliottwave-forecast.com | August 5, 2020 4:24 pm
The Euro Dollar has continued to slide since topping out on July 2008 at 1.6038. However, sentiment on the euro has recently improved after European Union leaders agreed to massive stimulus plan to counter the corona virus....

Bitcoin Extended Higher From Blue Box

by elliottwave-forecast.com | August 4, 2020 4:32 pm
In this blog, we are going to take a look at the Elliott Wave chart of Bitcoin (BTC/USD). The 1 hour London chart update from July 28 shows that the cryptocurrency ended wave ((iii)) at 11417.11 high. ...

Elliott Wave View: DAX Finds Support after Pullback

by elliottwave-forecast.com | August 4, 2020 4:31 pm
DAX 30 minutes chart below shows that the Index has ended the cycle from July 21 peak. The decline unfolded as a zig-zag Elliott Wave Structure.  Down from July 21 high, wave (A) ended at 12811.44 low. The...

Nikola Corporation ($NKLA) Looking For The Next Leg Up

by elliottwave-forecast.com | August 4, 2020 4:30 pm
Nikola has had quite a stellar 2020. With the stock price running from 10.31 to a high of 97.41 within the span of a few months, there is a lot of eyes on Nikola.  They are a...

USDINR: The Pair Is Sending A Warning to $USDX.

by elliottwave-forecast.com | August 3, 2020 3:41 pm
The USDX has been trending higher since the lows in 2008. However, in trading, nothing lasts forever. New traders generally do not last very long in this field, thus most traders only know a strong $USDX due to...

$OR: Giant of Cosmetics l’Oréal Remains Strong During Lockdown

by elliottwave-forecast.com | July 31, 2020 3:21 pm
L’Oréal S.A. is the world largest cosmetics and beauty company. Headquartered in Clichy, France, the field of activities concentrates on skin care, hair color, perfume, make-up, hair care, sun protection etc.  L’Oréal is a part of Euro...

Elliott Wave View: Nasdaq Attempting for New Record

by elliottwave-forecast.com | July 31, 2020 3:18 pm
Nasdaq (NQ_F) 1 hour chart below shows that the Index has ended the correction from July 13 all-time high. The pullback unfolded as a flat Elliott Wave Structure.  From July 13 high, wave (A) ended at 10358.75 low....