USDJPY remains in the downtrend from 111.71, the price action from 104.18 is likely consolidation for the downtrend. As long as the price is below the falling trend line on the daily chart, the downside movement could...
AUDUSD broke below the rising price channel on the daily chart, suggesting that the upside movement from 0.5507 had completed at 0.7413 already. Further decline could be expected in a couple of weeks and next target would...
GBPUSD broke below the bottom of the rising price channel on the daily chart, suggesting that the upside movement from 1.1409 had completed at 1.3482 already. Deeper decline would likely be seen in the coming days and...
EURUSD broke below 1.1695 support, suggesting that the upside movement from 1.0635 had completed at 1.2010 already. Deeper decline would likely be seen and next target would be at 1.1500, followed by 1.1300. Near term resistance is...
$IBM Long Term Bullish Cycle and Elliott Wave Pullback Firstly I would like to mention Big Blue has been around for over 100 years since it was founded. I have price data that goes back to the...
Another Cloud cloud computing name that has vastly outperformed the market since March 2020 low, is none other than OKTA. This name has been a solid performer since the IPO, and remains favoured to extend higher in...
At Elliottwave-Forecast, we are always looking for an edge to get clues about the next market move and hence be able to better anticipate the next market move. We look at a number of instruments from around...
Elliott Wave View of Pound Sterling (GBPUSD) suggests the cycle from September 1 high remains incomplete. The decline from there is unfolding as zigzag Elliott Wave Structure. Down from September 1, wave (A) ended at 1.2761 and...
This week we witnessed a sharp decline in Nikkei followed by an equally sharp rally. Our weekend update informed members that a decline was expected to unfold this week followed by a reaction higher, we even showed...
As of 22 September, Shanghai Composite Index (SSE) is up 6.9% despite the geopolitical tension with the US and coronavirus pandemic. Contrast this with S&P 500 which has YTD performance of 2.1%. Part of the reasons for...
