Elliott Wave View: Amazon Shares Price Recovers

by elliottwave-forecast.com | October 29, 2019 9:51 pm
Amazon (ticker: AMZN) shares price has recovered most of the losses due to the weak earnings. Short Term Elliott Wave view suggests the drop to $1617.71 ended wave II. This drop has ended the entire correction which...

Boeing Stock is Showing Why 2009 Cycle Is Still Alive in SPY

by elliottwave-forecast.com | October 29, 2019 9:51 pm
Hello fellow traders. In today’s blog, we will have a look at Boeing and the recent price action. The Boeing Stock peaked in  March,1,2019 and since then have been trading lower in a series of lower lows...

Rallies In Lufthansa Stock Should Fail For More Downside

by elliottwave-forecast.com | October 29, 2019 9:51 pm
Hello fellow traders. In today’s blog, we will recap a blog I did last month about Lufthansa. In that blog, I talked about the reasons why the stock should remain weak in the coming weeks and months....

Elliott Wave View: Nikkei Buyers in Control

by elliottwave-forecast.com | October 17, 2019 8:12 pm
Nikkei shows Elliott Wave bullish sequence from December 26, 2018 low and August 26, 2019 low. This suggests that buyers are in control and favors further upside in the Index. The pullback to 21079 ended wave ((2))...

Elliott Wave View: BAC Starts the Next Leg Higher

by elliottwave-forecast.com | October 17, 2019 8:11 pm
Bank of America (ticker: BAC) shows an Elliott Wave bullish sequence from August 15, 2019 low, favoring further upside. The decline to 27.19 ended wave (2) and the stock has resumed higher in wave (3). The internal...

USDMXN: Multi Year Consolidation Should Break Lower

by elliottwave-forecast.com | October 17, 2019 8:11 pm
USDMXN has been within a multi-year consolidation. Since 2017 peak the pair did a clear impulse lower which is based on the Elliott Wave Theory. The ideal case will be now that we should see another leg lower....

Poundsterling Soars as UK and Irish Leaders Find Pathway to Brexit Deal

by elliottwave-forecast.com | October 15, 2019 7:16 pm
The last ditch Brexit talks between British and Irish leaders last week yield unlikely breakthrough. Both leaders issued an upbeat statement after the meeting, saying they see a pathway to a possible deal. The issue of Irish...

USDNOK Found Intraday Buyers At The Blue Box Area

by elliottwave-forecast.com | October 15, 2019 7:16 pm
In this technical blog we’re going to take a quick look at the Elliott Wave charts of USDNOK published in the membership area of the elliottwave-forecast.com  . USDNOK  broke September 3rd peak , which made the pair...

Elliott Wave View: Bullish Sequence in DAX

by elliottwave-forecast.com | October 15, 2019 7:12 pm
DAX shows Elliott Wave bullish sequence from August 15, 2019 low (11266.48) favoring more upside. The rally from 11266.48 to 12497.28 ended wave (1) as a 5 waves impulse Elliott Wave structure. On the chart below, we can see...

Walmart (NYSE: WMT) Bull Run Leads the Market

by elliottwave-forecast.com | October 15, 2019 7:12 pm
Walmart (NYSE: WMT) is the world’s largest retailer, operating discount stores, supercenters, and grocery stores around the world. In today’s article, we’ll taker a look at the short term cycle of the stock based on Elliott Wave Theory...