Elliott Wave View: Gold Bounced Strongly After Brief Selloff

by elliottwave-forecast.com | March 9, 2020 4:14 pm
Short term Elliott Wave view in Gold (XAU) suggests the rally from August 2018 low in wave III has ended at 1689.30 high. Gold then corrected that cycle in wave IV as a zig-zag. Wave ((A)) of...

Home Depot (HD) Ending 2008 Cycle, $267 Remains Target

by elliottwave-forecast.com | March 9, 2020 4:13 pm
The 2009 cycle is ending across the World Indices. Many Indices show five waves already since the lows, but some have been weak since the previous peak sometimes around 2018. Indices like $FTSE, among others, are reaching...

Domino’s Pizza (NYSE: DPZ) Started a New Bullish Cycle

by elliottwave-forecast.com | March 5, 2020 4:02 pm
Domino’s Pizza (NYSE: DPZ) is an American multinational pizza restaurant chain. Last month, it reported a strong fourth-quarter revenue and earnings per share and also it surprised investors by posting accelerating sales growth at the close of fiscal...

Elliott Wave View: Palladium 7 swing Correction In Progress

by elliottwave-forecast.com | March 4, 2020 3:54 pm
Short term view suggests the rally in Palladium to 2814.25 ended wave (3). The wave (4) decline in Palladium is currently in progress to correct cycle from May 13, 2019 low before the rally resumes. Internal of...

Elliott Wave View: Peloton ($PTON) The Next Leg Up

by elliottwave-forecast.com | March 3, 2020 5:24 pm
Peloton ($PTON) had a very nice run before topping December 2019, and could be ready for the next leg up.  The caveat with analyzing companies that have recently gone public is there is not much history to...

AUDJPY at 11 Year Low Amidst Coronavirus Fear

by elliottwave-forecast.com | March 2, 2020 4:02 pm
AUDJPY sank to 11 year low last week as the market is pricing in a drastically lower Australia’s growth outlook. The coronavirus outbreak around the world has disrupted everything from travel, supply chain, and daily activities. The...

AUDJPY : Multiple Time Frames to Identify a Trade Setup

by elliottwave-forecast.com | March 2, 2020 4:01 pm
AUDJPY Technical Analysis Every trader should always view the market in the “bigger picture” first. Viewing the market starting from a higher time frame down to a lower time frame will offer a trader a clearer picture of...

AUDUSD : Trading the Break Lower

by elliottwave-forecast.com | March 2, 2020 4:00 pm
AUDUSD Technical Analysis  On February 25/2020 I posted on social media (Stocktwits/Twitter) @AidanFX  “$AUDUSD watch for selling opportunities for extension lower .” AUDUSD 1 Hour Chart 2.25.2020 : The chart below was also posted on social media (StockTwits/Twitter)...

USDSGD Buying The Dips At The Blue Box Area

by elliottwave-forecast.com | March 2, 2020 3:59 pm
Hello fellow traders. USDSGD is another forex pair that we have been trading lately . In this technical blog we’re going to take a quick look at the Elliott Wave charts of USDSGD , published in members...