Elliott Wave View: SPX Should Extend Higher

by elliottwave-forecast.com | June 9, 2020 3:50 pm
Incomplete bullish sequence in S&P 500 (SPX) from 3.23.2020 low suggests the Index should stay supported. Up from the Covid-19 selloff low on 3.23.2020, Index has resumed higher as a 5 waves Impulse Elliott Wave structure. Wave...

$GBPCHF FX Pair Swings & Long Term Cycles

by elliottwave-forecast.com | June 8, 2020 3:53 pm
$GBPCHF FX Pair Swings & Long Term Cycles Firstly as seen on the monthly chart below there is data back to the early 1970’s readily available in the pair. It obviously had a central bank intervention during...

EURCAD Forecasting The Decline After Elliott Wave Zig Zag

by elliottwave-forecast.com | June 8, 2020 3:53 pm
Hello fellow traders.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of EURCAD.   As our members know, recently the pair gave us 3 waves bounce against the 1.53878 peak....

More Upside For RTY_F (Russell 2000) In The Near Term

by elliottwave-forecast.com | June 5, 2020 3:57 pm
In this blog, we are going to take a look at the Elliottwave chart of RTY_F.  Daily chart below shows that RTY_F ended the decline from January 17, 2020 high at 948.50 low.  Since reaching that March...

Home Depot (NYSE: HD) Next Investment Opportunity

by elliottwave-forecast.com | June 5, 2020 3:56 pm
The world largest home improvement retailer Home Depot (NYSE: HD) sales growth doubled its pace from the prior quarter despite reduced operating hours and cancelled promotions because of the COVID-19 pandemic which pressured most of the retail industry. Early this year, HD ended...

Rally in Facebook Should Continue

by elliottwave-forecast.com | June 5, 2020 3:55 pm
The coronavirus pandemic has been a boon to social media, streaming, and online shopping companies. As government around the world recommends social distancing and people reduce unnecessary travel, they spend more time at home consuming social media...

Elliott Wave View: Further Strength in Exxon Mobil

by elliottwave-forecast.com | June 5, 2020 3:55 pm
Exxon Mobil (ticker: XOM) shows an incomplete bullish sequence from 3.23.2020 low favoring more upside. Short term, the rally from 5.15.2020 low is unfolding as a 5 waves Impulse Elliott Wave structure. Up from 5.15.2020 low, wave 1...

Elliott Wave View: EURUSD in Impulsive Rally

by elliottwave-forecast.com | June 4, 2020 4:35 pm
Short Term Elliott Wave view in EURUSD suggests cycle from 5.14.2020 low is unfolding as a 5 waves Impulse Elliott Wave structure. Up from 5.14.2020 low, wave 1 ended at 1.1 and pullback in wave 2 ended...

DocuSign ($DOCU) Bulls In Control

by elliottwave-forecast.com | June 4, 2020 4:35 pm
The next entry in the theme of Corona Virus stocks is DocuSign.  Biotech is not the only sector benefitting greatly from the COVID-19 oubreak, software is also making huge gains in some stocks.  I am finding new...

USDJPY: Forecasting the Rally Based on Elliott Wave Structure

by elliottwave-forecast.com | June 3, 2020 3:54 pm
USDJPY extended the rally this week and exceeded the peak seen on 20th May 2020. In this article, we would look at the forecast from start of the week and how we called it higher. We will...