Short term Elliott Wave view suggests the rally in Silver ( $XAGUSD) to $18.32 high ended wave (X) bounce. Down from there, wave (Y) remains in progress & shows an incomplete sequence from 9/04/2019 peak ( $19.64)...
Gold hit a three-month low last Friday as the metal loses its luster with increasing prospect of US-China phase 1 trade deal. Spot Gold was down 3.7% last week, its biggest weekly drop since November 2016. A...
Elliott Wave View on DAX suggests that the sequence in the Index from December 27, 2018 low remains incomplete. On the short term chart below, the pullback to 11878.98 on October 4 ended wave (2). The Index...
The $SPY has been trading higher since the summer of 2019’s correction. The Index has made new all time high as we have been forecasting at Elliottwave-Forecast.com. It is currently still trading within the Super Cycle degree...
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of XLK – Technology Select Sector , published at elliottwave-forecast. As our members know XLK has been showing ...
FXC Canadian Dollar Trust Long Term Cycles & Elliott Wave Firstly the FXC instrument inception date was 6/26/2006. The instrument tracks changes of the value of the Canadian dollar relative to the U.S. dollar. It increases in value...
USDCAD extended its upside movement from 1.3114 to as high as 1.3257. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next...
USDJPY moved sideways in a trading range between 108.64 and 109.48. As long as 108.64 support holds, the price action in the range could be treated as consolidation for the uptrend from 107.88, further rise to 110.00...
AUDUSD extended its downside movement from 0.6929 to as low as 0.6831. Further decline would likely be seen in the coming days and next target would be at 0.6800 area. Near term resistance is at 0.6865, a...
GBPUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.2975 had completed at 1.2768 already. Further rally would likely be seen and next target would be at 1.2960 area....
