EURJPY : Market Patterns Calling the Move Lower

by elliottwave-forecast.com | April 20, 2020 4:32 pm
EURJPY Technical Analysis  On April 14/2020 I posted on social media (Stocktwits/Twitter) @AidanFX  the SELL trade setup “Sell EURJPY @ 117.67 Stop Loss @ 117.93 Target @ 117.15” EURJPY 1 Hour Chart April 14.2020 : The chart below was...

EURJPY: Rejection in Blue Box Starts Next Leg Lower

by elliottwave-forecast.com | April 20, 2020 4:23 pm
EURJPY has been under pressure since forming a lower high 121.15 on 25th March. It is yet to break below 10th March low but the bounces look corrective which increase the likelihood of a break lower. Moreover,...

($TRAN) Dow Jones Transportation Holding A Bullish Pattern

by elliottwave-forecast.com | April 20, 2020 4:15 pm
The Dow Jones Transportation Average ($TRAN) is a running average of the stock prices of twenty transportation companies with each stock’s price-weighted to adjust for stocks and other factors. As a result, it can change at any time...

Nvidia (NASDAQ: NVDA) Aiming for All-Time High

by elliottwave-forecast.com | April 17, 2020 3:21 pm
Nvidia (NASDAQ: NVDA) is up 25% Year-To-Date outperforming the Semiconductor Sector which is currently down 9%. Despite, the sell off  that took place last month around the entire stock market, NVDA along few other stocks managed to sustain...

Elliott Wave View: Crude Oil (CL_F) Sellers Remain In Control

by elliottwave-forecast.com | April 16, 2020 3:45 pm
Decline from April 23, 2019 high in Oil (CL_F) remains in progress as a 5 waves impulse. Down from April 23, 2019 high, wave (1) ended at 50.6 and wave (2) bounce ended at 65.65. Oil then...

EURCAD Elliott Wave View: Forecasting The Rally Higher

by elliottwave-forecast.com | April 15, 2020 3:29 pm
In this technical blog, we are going to take a look at the past performance of EURCAD, Daily cycle Charts that we presented to our members. In which, the major decline from 19 March 2019 peak showed...

Elliott Wave View: Tesla Impulsive Rally

by elliottwave-forecast.com | April 15, 2020 3:28 pm
Short Term Elliott Wave View suggests rally in Tesla (Ticker: TSLA) from April 3 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from April 3 low, wave 1 ended at 547.97. Wave 2 pullback...

Co-Diagnostics ($CODX) Still Bullish

by elliottwave-forecast.com | April 15, 2020 3:27 pm
Continuing along the theme of Corona Virus stocks, Co-Diagnostics is next up in line.  Co-Diagnostics Inc. is one of those names that has also gone parabolic with the COVID-19 spreading worldwide.  It still remains very technical, and...

RingCentral Inc (NYSE: RNG) – Bullish Cycle in Play

by elliottwave-forecast.com | April 14, 2020 4:39 pm
RingCentral Inc (NYSE: RNG) is an American publicly traded provider of cloud-based communications and collaboration solutions for businesses. The company is considered the leader in Unified Communications as a Service in terms of revenue and subscriber seats. Its...