Rally in Facebook Should Continue

by elliottwave-forecast.com | June 5, 2020 3:55 pm
The coronavirus pandemic has been a boon to social media, streaming, and online shopping companies. As government around the world recommends social distancing and people reduce unnecessary travel, they spend more time at home consuming social media...

Elliott Wave View: Further Strength in Exxon Mobil

by elliottwave-forecast.com | June 5, 2020 3:55 pm
Exxon Mobil (ticker: XOM) shows an incomplete bullish sequence from 3.23.2020 low favoring more upside. Short term, the rally from 5.15.2020 low is unfolding as a 5 waves Impulse Elliott Wave structure. Up from 5.15.2020 low, wave 1...

Elliott Wave View: EURUSD in Impulsive Rally

by elliottwave-forecast.com | June 4, 2020 4:35 pm
Short Term Elliott Wave view in EURUSD suggests cycle from 5.14.2020 low is unfolding as a 5 waves Impulse Elliott Wave structure. Up from 5.14.2020 low, wave 1 ended at 1.1 and pullback in wave 2 ended...

DocuSign ($DOCU) Bulls In Control

by elliottwave-forecast.com | June 4, 2020 4:35 pm
The next entry in the theme of Corona Virus stocks is DocuSign.  Biotech is not the only sector benefitting greatly from the COVID-19 oubreak, software is also making huge gains in some stocks.  I am finding new...

USDJPY: Forecasting the Rally Based on Elliott Wave Structure

by elliottwave-forecast.com | June 3, 2020 3:54 pm
USDJPY extended the rally this week and exceeded the peak seen on 20th May 2020. In this article, we would look at the forecast from start of the week and how we called it higher. We will...

GBPAUD: Saw Sellers At The Elliott Wave Blue Box Area

by elliottwave-forecast.com | June 2, 2020 3:54 pm
In this technical blog, we are going to take a look at the past performance of GBPAUD, 1-Hour Elliott wave Charts that we presented to our members. But before looking into the Charts, we need to understand the market nature...

Elliott Wave View: Further Downside in GBPAUD

by elliottwave-forecast.com | June 2, 2020 3:53 pm
Elliott Wave View in GBPAUD suggests the decline from 5.4.2020 high is unfolding as a 5 waves impulsive Elliott Wave structure. Down from 5.4.2020 high, wave 1 ended at 1.8943 and bounce in wave 2 ended at...

Fortinet Inc (NASDAQ: FTNT) Bullish Sequence Supporting the Stock

by elliottwave-forecast.com | June 1, 2020 3:52 pm
Fortinet Inc (NASDAQ: FTNT) ended it’s initial bullish cycle from 2009 low after it rallied within an impulsive 5 waves advance which reached a pea at $121.8 peak on February of this year. The multinational corporation gained a total of...

GOOGLE (GOOGL) Elliott Wave Forecasting The Path

by elliottwave-forecast.com | June 1, 2020 3:52 pm
In this technical blog we’re going to take a quick look at the Elliott Wave charts of GOOGL, published in members area of the website.  The stock is trading within the cycle from the March 1009.6 low....

GBPNZD : Trading the Move Lower

by elliottwave-forecast.com | June 1, 2020 3:51 pm
On May 25 2020 I posted on social media Stocktwits/Twitter @AidanFX  “GBPNZD will be watching for selling opportunities”. GBPNZD has been trending lower since April 2020 so the clear path will be to trade with the trend and not...