USDCAD : Market Patterns Signalling the Move Lower

by elliottwave-forecast.com | August 17, 2020 3:33 pm
The chart below of the USDCAD pair was posted on social media StockTwits/Twitter @AidanFX July 21 2020 showing that a bearish market pattern (light blue descending triangle) formed and triggered SELLS when price broke below the triangle....

$RIO : Rio Tinto Shares are Ready to Accelerate Higher

by elliottwave-forecast.com | August 13, 2020 3:36 pm
Rio Tinto Group is the world’s second largest metals and mining corporation which has its headquarters in London and Melbourne. Founded in 1873 and traded under tickers $RIO at LSE, ASE and also in US in form of...

Workhorse Group Inc ($WKHS) Incomplete Bullish Sequence

by elliottwave-forecast.com | August 12, 2020 3:49 pm
Workhorse has had a great 2020 off the March low. With the stock price running from 1.31 to a high of 22.90, the momentum has been strong.  They are a zero emissions vehicle manufacturer, using hydrogen cell...

Copper Looking for Bullish Breakout

by elliottwave-forecast.com | August 11, 2020 4:05 pm
Since bottoming in January 2016 low at Copper $1.93, Copper has traded in a narrow range between $1.9 – $3.3. Earlier this year, the red metal collapsed to the lowest in more than 4 years at $1.9725....

OIL ( $CL_F) Forecasting The Rally From The Blue Box Area

by elliottwave-forecast.com | August 10, 2020 3:31 pm
Hello fellow traders.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of OIL , published in members area of the website.  As our members know, commodities have been giving...

Buying The Dips In Facebook (FB) At the Blue Box

by elliottwave-forecast.com | August 10, 2020 3:30 pm
In this blog, we are going to take a look at the Elliott Wave chart of Facebook (FB). The 30 minutes pre-market chart from August 4, 2020 shows that the stock has rallied higher from wave (2)...

NZDUSD : A Dip Lower Will Find Bulls

by elliottwave-forecast.com | August 10, 2020 3:30 pm
NZDUSD Technical Analysis August 8/2020 NZDUSD remains bullish as long as the June 22/2020 0.6378 low remains untouched. In this analysis of the NZDUSD pair, market patterns will be used to determine where price can possibly reverse...

$FRES : Largest Silver Producer Fresnillo Rallies Impulsively

by elliottwave-forecast.com | August 7, 2020 3:08 pm
Fresnillo plc is the world largest silver producer which has its headquarters in Mexico City. Founded 2008, incorporated in UK and traded under tickers $FRES at LSE and $FNLPF in US in form of ADRs, it is...

NASDAQ Forecasting The Elliott Wave Flat Correction

by elliottwave-forecast.com | August 5, 2020 4:28 pm
In this technical blog, we will look at the past performance of 1 hour Elliott Wave Charts of NASDAQ index, which we presented to members at elliottwave-forecast. In which, the rally from March 22 March 2020 low unfolded...

Silver ( $XAGUSD ) Buying The Dips At The Blue Box Area

by elliottwave-forecast.com | August 5, 2020 4:27 pm
Hello fellow traders.  Another instrument that we have been trading lately is SILVER ( $XAGUSD )  . In this technical blog we’re going to take a quick look at the Elliott Wave charts of SILVER, published in...