Elliott Wave View: Nikkei Has Resumed Higher

by elliottwave-forecast.com | February 6, 2020 4:54 pm
Short term Elliott wave view in Nikkei (NKD_F) suggests the Index ended the correction from December 17, 2019 high in wave ((4)) at 22628. The Index has resumed higher in wave ((5)) although it still needs to...

XAUUSD Impulsive Elliott Wave Decline In Progress

by elliottwave-forecast.com | February 6, 2020 4:51 pm
XAUUSD (Gold) formed a secondary peak at 1593.82 on February 2, 2020 and turned lower sharply. Primary count suggests secondary peak completed wave B as a FLAT and wave C lower has started which should form part...

TSLA Powerful Elliott Wave (III) Started From The Blue Box

by elliottwave-forecast.com | February 5, 2020 3:59 pm
TSLA has gained 447% since June 2019 and the vertical rally suggests it is super cycle wave (III) of an Elliott Wave Impulse structure up from all time low. In 2019, we looked for a pull back...

Elliott Wave View: Downside Target for Exxon Mobil

by elliottwave-forecast.com | February 4, 2020 4:46 pm
Elliott wave view in Exxon Mobil (ticker: XOM) suggests that the sequence from April 23, 2019 high (not visible in the short term chart below) is incomplete. Medium term downside target for the stock is 100% –...

Snap Inc. Bullish Sequence Supporting Further Upside

by elliottwave-forecast.com | February 3, 2020 4:43 pm
Snap Inc. is an American camera and social media company which has three products: Snapchat, Spectacles, and Bitmoji. Last year, SNAP ended up with +195% gains as the stock saw an impressive 5 waves advance allowing it to...

Oil (CL_F) Selling Wave Four Bounce At The Blue Box Area

by elliottwave-forecast.com | February 3, 2020 4:40 pm
In this blog, we are going to take a quick look at the Elliottwave chart of Oil (CL_F).  Oil is proposed to be in wave ((C)) which we expect to unfold as a 5 waves move down. ...

CHFJPY Elliott Wave View : Forecasting The Path

by elliottwave-forecast.com | February 3, 2020 4:39 pm
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of CHFJPY, published in members area of the website.  As our members know, CHFJPY is showing impulsive structures...

How Much Farther Will US Dollar Rally?

by elliottwave-forecast.com | January 31, 2020 5:02 pm
The Dollar Index (DXY) continues to be firm and rallies higher since Dec 31.2019 low. Near term, it still has scope to extend higher towards 98.3 – 98.59 area which is the 100% – 123.6% Fibonacci extension...