Gold short term weakness likely

by elliottwave-forecast.com | May 2, 2017 1:07 pm
Gold to Silver Ratio Daily Elliott Wave Chart Daily chart of Gold-to-Silver ratio above suggests that the ratio is correcting cycle from 2/29/2016 peak (83.68) before the decline resumes later, provided that pivot at 83.68 high stays...

NZD USD Incomplete Elliott Wave Sequence

by elliottwave-forecast.com | May 2, 2017 11:22 am
NZD USD is showing 5 swings down from 2/6/2017 (0.7375) which means it’s an incomplete Elliott wave sequence and calls for another swing lower to complete 7 swings down from 2/6/2017 (0.7375) peak. First 3 swings completed on 3/9/2017...

Trump tax cut can create the last rally since 2016

by elliottwave-forecast.com | May 1, 2017 12:35 pm
As part of President’s Trump campaign pledge, he wants to sharply reduce the tax rate for all businesses from multinational corporations to mom-and-pop shops to 15%. Treasury Secretary Steven T. Mnuchin said this is the biggest tax...

Freeport McMoRan (FCX) Outlook Turning Bullish

by elliottwave-forecast.com | April 28, 2017 4:59 pm
Freeport McMoRan Incorporation (NYSE: FCX) is the world’s largest publicly traded copper and molybdenum producer and it’s also a major producer of gold but almost 70% of revenues are from the sale of copper. The Phoenix, Arizona-based company is primarily engaged in mineral exploration...

USDCAD Elliott Wave View: Extending Higher

by elliottwave-forecast.com | April 28, 2017 8:46 am
Short term Elliott Wave view in USDCAD suggest the decline to 1.322 ended Intermediate wave (X). The rally from there is unfolding as a double three Elliott Wave structure where Minute wave ((w)) ended at 1.3525 and Minute wave ((x)) ended at...

USDCAD Elliott Wave View: Flat correction

by elliottwave-forecast.com | April 27, 2017 10:11 am
Short term Elliott Wave view in USDCAD suggest the decline to 1.322 ended Intermediate wave (X). The rally from there is unfolding as a double three Elliott Wave structure where Minute wave ((w)) ended at 1.3525 and Minute wave ((x)) ended at...

Elliott Wave Theory: Is Elliott’s Theory enough?

by elliottwave-forecast.com | April 26, 2017 9:19 am
Elliott Wave Theory: Is Elliott’s Theory a system in itself? As many traders know, The Elliott wave Theory is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying...

USDCAD Elliott Wave View: More Upside

by elliottwave-forecast.com | April 26, 2017 7:18 am
Short term Elliott Wave view in USDCAD suggest the decline to 1.322 ended Intermediate wave (X). Revised view suggests that the rally from there is unfolding as a double three Elliott Wave structure where Minute wave ((w)) ended at 1.3525 and Minute...

Walmart Stock Extending Higher

by elliottwave-forecast.com | April 25, 2017 2:22 pm
Walmart (NYSE: WMT) is the world’s largest company by revenue as well as the largest private employer in the world with 2.3 million employees. It’s an American multinational retailing corporation that operates as a chain of hypermarkets, discount...