GE Elliott Wave View: Forecasting Sellers At Blue Box Area

by elliottwave-forecast.com | May 14, 2020 3:24 pm
In this technical blog, we are going to take a look at the past performance of GE 1-Hour Elliott wave Charts. That we presented to our members. In which, the decline from the 3/26/2020 peak is taking...

Why This Wave is Usually a Market Downturn’s Most Wicked

by ForexCycle.com | May 14, 2020 1:53 am
By Elliott Wave International The Wave Principle’s basic pattern includes five waves in the direction of the larger trend, followed by three corrective waves. In a bull market, the pattern is five up, followed by three down....

USDCAD Daily Analysis – May 14, 2020

by ForexCycle.com | May 14, 2020 1:39 am
USDCAD extended its upside movement from 1.3899 to as high as 1.4114. Further rise is still possible and next target would be at falling trend line on the 4-hour chart. Near term support is at 1.4000, only...

USDJPY Daily Analysis – May 14, 2020

by ForexCycle.com | May 14, 2020 1:38 am
USDJPY’s fall from 107.76 extended to as low as 106.74. Deeper decline is still possible and next target would be at 106.50 area. Near term resistance is at 107.20, a break of this level could trigger another...

AUDUSD Daily Analysis – May 14, 2020

by ForexCycle.com | May 14, 2020 1:37 am
AUDUSD moved sideways in a trading range between 0.6372 and 0.6569. The price action in the range is likely consolidation for the uptrend from 0.5507 (Mar 19 low). As long as the price is in the rising...

GBPUSD Daily Analysis – May 14, 2020

by ForexCycle.com | May 14, 2020 1:36 am
GBPUSD extended its downside movement from 1.2642 to as low as 1.2209. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 1.2100 area. Only...

EURUSD Daily Analysis – May 14, 2020

by ForexCycle.com | May 14, 2020 1:35 am
EURUSD stays above a rising price channel on the 4-hour chart and remains in the uptrend from 1.0766. As long as the channel support holds, the upside movement could be expected to continue and next target would...

Natural Gas (NG_F) Reacted Lower From Blue Boxes

by elliottwave-forecast.com | May 13, 2020 7:02 pm
In this blog, we are going to take a look at the Elliott Wave chart of Natural Gas (NG_F).  The 4 hour chart update from 20 April shows that cycle from May 11, 2019 high ended at...

Outlook in Bitcoin after Halving

by elliottwave-forecast.com | May 13, 2020 7:00 pm
Retail investors may return to Bitcoin again after the digital currency completed the one-in-four year adjustment called halving. Halving provides less rewards to miners who run high-powered computers to solve complex mathematical puzzles in order to generate...