Elliott Wave View Calling for More Upside in Nasdaq

by elliottwave-forecast.com | June 20, 2019 7:37 pm
Nasdaq Futures (NQ_F) shows a higher high sequence from June 4 low, favoring further upside. Short term, rally to 7600.75 ended wave (1) and pullback to 7421.48 ended wave (2). Wave (3) rally is in progress as...

Australian Dollar Extends Weaknesses

by elliottwave-forecast.com | June 20, 2019 7:37 pm
Australian Dollar dropped further last week as unemployment figure came out higher than expected at 5.2%. The consensus has been for a dip to 5.1%. Australian unemployment rate has now risen 0.3% since February. The official number...

GBPJPY : Market Patterns Calling Move Lower

by elliottwave-forecast.com | June 20, 2019 7:37 pm
GBPJPY Technical Analysis  GBPJPY Daily Chart April 1/2019 : On April 1/2019 I posted chart on Twitter of the possibility that the pair could be forming a Bearish Head & Shoulders Breakout Pattern. Traders needed to be patient...

American Express (NYSE: AXP) – Right side of the Market Remains Bullish

by elliottwave-forecast.com | June 20, 2019 7:36 pm
American Express (NYSE: AXP) is an American multinational financial services corporation that was founded in 1850. Since it’s IPO back in the seventies, AXP rallied in an initial Elliott Wave 5 waves impulsive structure which ended in 2000 with the...

S&P 500 Futures (ES_F) Buying The Elliott Wave Dips

by elliottwave-forecast.com | June 12, 2019 8:07 pm
In this technical blog, we are going to take a look at the past performance of 4 hour Elliott Wave Charts of S&P 500 Futures (ES_F), which we presented to members at elliottwave-forecast. In which, the cycle from 12/26/2018...

Continuous Commodity Index (GCC) Sending Warnings to CHK And Oil

by elliottwave-forecast.com | June 12, 2019 8:07 pm
The Wisdomtree Continuous Commodity Index (GCC) has reached our long-term investor buying area (Blue Box). The Index is ending an ABC pullback from its July 2008 peak. The minimum target to the downside was $17.35 and at...

The BEL20 Index is Correcting the Cycle up from the 2009 Lows

by elliottwave-forecast.com | June 12, 2019 8:06 pm
The BEL20 Index is correcting the cycle up from the 2009 lows. Firstly the BEL20 Index has trended higher with other world indices since the benchmark was established. The index remained in a long term bullish trend cycle...

Microsoft: More Upside within the Super Cycle Degree

by elliottwave-forecast.com | June 9, 2019 9:57 pm
Microsoft: More Upside within the Super Cycle Degree Microsoft (MSFT) has been in a tremendous rally since the lows at 2009. Without a question, the stock is developing into a nice 5 waves advance. The Elliott Wave...

USDTRY Mid-Term Elliott Wave View

by elliottwave-forecast.com | June 9, 2019 9:57 pm
In this blog, we revisit Turkish Lira Elliott wave analysis presented back in August 2018 and present the latest USDTRY Elliott Wave Analysis. We were looking for a bounce to fail below August 2018 peak for another...