Strong Labor Market and High Inflation Supports Canadian Dollar

by elliottwave-forecast.com | January 14, 2020 3:33 pm
Bank of Canada will have its first rate meeting this year on January 22. Recent strong jobs data and high inflation likely allows BOC to maintain a steady rate. Latest jobs report from Canada shows a strong...

Elliott Wave View: $DAX Extending Higher

by elliottwave-forecast.com | January 14, 2020 2:49 pm
Short Term Elliott Wave view on $DAX suggests the pullback to 12886.55 ended wave (4). Index has resumed higher in wave (5) and the internal subdivides into a 5 waves impulse Elliott Wave structure. Up from wave...

Dow Jones Futures ( $YM_F ) Found Buyers & Made New All-Time High

by elliottwave-forecast.com | January 13, 2020 3:40 pm
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Dow Jones Futures ( $YM_F ) published in members area of the Elliottwave-Forecast.com .  As our members...

Using Market Correlation to Time The Entries

by elliottwave-forecast.com | January 10, 2020 4:08 pm
Last year turned out to be great for GBP crosses as they managed to put in strong rallies in favor of GBP since December 2018 lows or highs. In this article, we would concentrate on two of...

AMAZON ( $AMZN ) Buying The Dips At Blue Box Area

by elliottwave-forecast.com | January 10, 2020 4:06 pm
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of AMAZON Stock published in members area of the Elliottwave-Forecast.com .  As our members know, we were calling...

$SMH Elliott Wave and Longer Term Cycles

by elliottwave-forecast.com | January 9, 2020 4:01 pm
$SMH Elliott Wave and Longer Term Cycles Firstly as seen on the monthly chart shown below. There is data back to May 2000 in the ETF fund. Data suggests the fund made a low in November 2008. This...

Elliott Wave View: Oil ($CL_F) Decline in Impulsive Structure

by elliottwave-forecast.com | January 9, 2020 4:00 pm
Elliott Wave view on Crude Oil ($CL_F) suggests rally to $65.69 on January 8, 2020 ended wave (1). This ended a 5 waves rally from October 3, 2019 low. Oil is now doing wave (2) pullback to correct...

NQ_F Buying Elliott Wave 4 Dip in Blue Box Area

by elliottwave-forecast.com | January 9, 2020 3:59 pm
NQ_F (Nasdaq Futures) made a sharp decline yesterday evening after New York closing and then reacted higher in a very strong manner. Our preferred Elliott wave count treats the dip last night as a Minor wave 4...

Elliott Wave View: Nikkei Finding Support

by elliottwave-forecast.com | January 8, 2020 4:22 pm
Elliott Wave view on Nikkei (NKD_F) suggests the rally to 24148 on December 17, 2019 ended wave ((1)). Index is now doing a wave ((2)) pullback and the internal is unfolding as double three Elliott Wave structure....