CHFJPY – Taking Advantage of Weakening Yen

by elliottwave-forecast.com | June 27, 2022 3:43 am
We saw a surge in the market in CHFJPY last week. First time since 2007, SNB have increased their interest rate by 50 basis points. This occurred as soon as the FED raised their interest rates.  Therefore,...

USDNOK – Dollar Sees a Reaction from Blue Box

by elliottwave-forecast.com | June 27, 2022 3:29 am
We have been pretty bullish on the USDNOK throughout the year and Dollar has more strength to come to support this pair. Recently, we posted a trade idea on USDNOK that the market was correcting in a...

XOM Elliott Wave View: Soon Longs Should Be Risk Free

by elliottwave-forecast.com | June 22, 2022 1:49 pm
In this technical blog, we will look at the past performance of the 4hr Elliott Wave Charts of XOM. In which, the rally from the 23 March 2020 low is unfolding as an impulse and showed a...

$CT #F: How to Buy Pullback in Big Rally of Cotton Prices?

by elliottwave-forecast.com | June 21, 2022 4:28 pm
Cotton is one of soft commodities, along with sugar, coffee, orange juice and cocoa. In early centuries, Alexander the Great has brought cotton from Pakistan to Europe. Much later and finally, it has obtained the dominance in textile manufacturing during...

Chewy.com ($CHWY) One More Low before bottom?

by elliottwave-forecast.com | June 21, 2022 4:09 pm
Chewy.com is an e-commerce company that specializes in pet food.  Along with many other stocks, prices started a new cycle higher in March 2020.  Chewy is now correcting that cycle and currently going fairly deep, and threatening...

MRO Elliott Wave Analysis: Reaching Short Term Extreme Area

by elliottwave-forecast.com | June 21, 2022 2:26 pm
Marathon Oil Corporation ticket symbol: MRO engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages...

BX – Correction Expect to Continue Before Rally Resumes

by elliottwave-forecast.com | June 20, 2022 2:17 pm
Blackstone Inc., (BX) is an alternative asses management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt & multi-asset class strategies. The firm typically invests in early stage companies....

How We Saw Algorand Cryptocurrency (ALGO) And What To Expect

by elliottwave-forecast.com | June 20, 2022 1:59 pm
Algorand is a proof-of-stake blockchain cryptocurrency protocol. Algorand’s native cryptocurrency is called ALGO. It was founded in 2017 by Silvio Micali, a professor at MIT, composed of a company and a foundation. Algorand Foundation manages ecosystem growth,...

Newmont Mining (NEM) Support Area in Pullback

by elliottwave-forecast.com | June 20, 2022 1:47 pm
In our previous article on March 20, 2022 about Newmont Mining (NEM), we mentioned the stock can soon end 5 waves up from 2015 low and see a larger pullback. Fast forward 3 months later, the stock has...