GCC (Wisdomtree Commodity Strategy Fund) Calling For Higher Commodities

by elliottwave-forecast.com | July 5, 2022 3:25 pm
GCC (Wisdom Tree Commodity Strategy Fund) is a great indicator for commodities direction. This Fund is positively correlated with Oil. Previously, we have mentioned the idea that the Fund reached the blue box area back in 03.2020....

Platinum Support Area

by elliottwave-forecast.com | July 5, 2022 3:11 pm
The Fed’s aggressive rate hikes to fight inflation has caused deterioration in economic outlook. Atlanta Fed’s GDP gauge now sees the second quarter running at – 2.1%. With the first quarter’s decline of 1.6%, this makes it...

EURNZD Buying The Dips At The Blue Box Area

by elliottwave-forecast.com | July 5, 2022 2:59 pm
In this technical blog we’re going to take a quick look at the Elliott Wave charts of EURNZD published in members area of the website.  As our members knew, we’ve been favoring the long side in EURNZD since it...

NTR : Favors Short Term Weakness Before Turning Higher

by elliottwave-forecast.com | July 4, 2022 4:06 pm
Nutrien Ltd., (NTR) provides crop inputs & services. It offers potash, nitrogen, phosphate & sulphate products, & financial solutions. The company also distribute through approximately 2000 retails locations in US, Canada, South America & Australia. It is...

EMN – Favors Flat Correction Before Turning Higher

by elliottwave-forecast.com | July 4, 2022 3:53 pm
Eastman Chemical Company (EMN) operates as specialty materials company globally. It serves transportation, personal care, wellness, food, feed, agriculture, building & construction, water treatment, energy, consumables, durables & electronic markets. It is based in Kingsport, Tennessee, US,...

Canada Index (TSX) Needs One Wave Down To End A Double Correction

by elliottwave-forecast.com | July 4, 2022 3:12 pm
The S&P/TSX is a major stock market index which tracks the performance of largest companies by market capitalization on the Toronto Stock Exchange in Canada. It is a free float market capitalization weighted index. The index covers...

EURAUD Buying The Dips At The Blue Box Area

by elliottwave-forecast.com | July 1, 2022 2:30 pm
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of EURAUD, published in members area of the website.  As our members know, we’ve been favoring the long...

USDCAD Is Showing Reaction From The Blue Box Area

by elliottwave-forecast.com | June 30, 2022 2:07 pm
Hello fellow traders.  USDCAD has given us another trading opportunity recently. As our members know, we’ve been favoring the long side in USDCAD and buying the dips in 3,7,11 swings. Reason for expecting further rally is incomplete...

$MC : Luxury Producer LVMH Provides an Opportunity to Join the Rally

by elliottwave-forecast.com | June 30, 2022 1:55 pm
Moët Hennessy Louis Vuitton, commonly known as LVMH, is a French multinational luxury goods company. Headquartered in Paris, LMVH was formed 1987 through a merger of the fashion house Louis Vuitton (founded in 1854) with Moët Hennessy...

XME Reacting Strongly From The Blue Box Area

by elliottwave-forecast.com | June 29, 2022 9:24 pm
In this technical blog, we will look at the past performance of 1 hour Elliott Wave Charts of XME ETF. In which, the decline from 08 June 2022 high unfolded as an impulse sequence and showed a lower low...