USDCHF Elliott Wave Analysis Favors Selling Bounces

by elliottwave-forecast.com | July 18, 2024 6:33 pm
Hello traders, welcome to a new blog post. Today, we will discuss the future path for the USDCHF currency pair. The recent breakout confirmed the bearish bias we shared with members of Elliottwave-Forecast. So, what is next...

Platinum (PL) Looking to Extend Higher

by elliottwave-forecast.com | July 17, 2024 6:06 pm
Platinum (PL) is still looking to resume the next bullish cycle. The metal still needs to break above 1348.2 to confirm that the next leg higher has started. Below we updated the Monthly and Daily Elliott Wave...

Elliott Wave Intraday: Gold (XAUUSD) Breaks to New All-Time High

by elliottwave-forecast.com | July 17, 2024 5:22 pm
Gold (XAUUSD) has made a new all-time high which confirms the right side remains bullish in the near future. Cycle from 6.7.2024 low is currently in progress as a 5 waves impulse. Up from 6.7.2024 low, wave...

Elliott Wave Suggests Right Side in Dow Futures (YM) Firmly Bullish

by elliottwave-forecast.com | July 16, 2024 5:36 pm
Dow Futures (YM) shows incomplete Elliott Wave bullish sequence from 4.19.2024 low favoring further upside. Rally from 4.19.2024 low is unfolding as a 5 waves impulse. Up from there, wave 1 ended at 40213 and pullback in...

TSM (Taiwan Semiconductor) Should Remain Supported In Pullback To Resume Rally

by elliottwave-forecast.com | July 15, 2024 9:33 pm
Taiwan Semiconductor Manufacturing Company Limited., (TSM) manufactures, packages, tests & sells integrated circuits & other semiconductor devices internationally. The company was headquartered in Taiwan, comes under Technology – Semiconductors sector & trades as “TSM” at NYSE. TSM...

Shopify (SHOP) is Nesting looking for a Rally

by elliottwave-forecast.com | July 15, 2024 9:23 pm
Shopify Inc. is a Canadian multinational e-commerce company in Ottawa, Ontario. Shopify (SHOP) is the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. The Shopify platform offers online retailers a suite of services including payments, marketing, shipping and customer engagement tools. SHOP Daily Chart July...

Elliott Wave Favors Further Upside in GBPUSD

by elliottwave-forecast.com | July 12, 2024 5:41 pm
GBPUSD broke above the previous peak on 6.12.2024 which opens up a bullish sequence from 4.22.2024 low. Rally from there is unfolding as a 5 waves impulse Elliott Wave structure where wave 1 ended at 1.286 and...