Elliott Wave View: Bitcoin shows short term impulse up

by elliottwave-forecast.com | June 17, 2020 3:25 pm
Bitcoin (BTC/USD) is currently correcting the cycle from 3.13.2020 low. The instrument has just ended cycle from 6.1.2020 high (10429) as a double three structure. Down from 6.1.2020 high, wave W ended at 9135 low. The bounce...

UnitedHealth Group (NYSE: UNH) Supported Pullback in Progress

by elliottwave-forecast.com | June 16, 2020 4:22 pm
UnitedHealth Group Incorporated (NYSE: UNH) is the largest healthcare company in the world by revenue providing health care products and insurance services. UNH established an impulsive 5 waves advance from 3/25 low allowing the stock to rally to new all...

$WDI : Wirecard AG soon to become a once-in-a-lifetime opportunity

by elliottwave-forecast.com | June 16, 2020 4:21 pm
Wirecard AG is a german provider of financial services and payment processes. Founded in 1999 and headquartered in Aschheim (Munich), Germany, the company is since 2018 a part of the DAX30 index. After a respectable rally towards...

NASDAQ: Some Historical Insights into Techno-Mania

by ForexCycle.com | June 16, 2020 6:33 am
By Elliott Wave International No doubt, you’ve heard: The tech-heavy Nasdaq Composite just passed the 10-thousand mark for the first-time ever, even as the DJIA remains below its February high. This infatuation with technology is nothing new....

SUGAR ( $SB_F ) Forecasting The Rally After Elliott Wave Zig Zag

by elliottwave-forecast.com | June 15, 2020 3:22 pm
Hello fellow traders.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of SUGARR ($SB_F).   As our members know, SUGAR has been showing incomplete bullish sequences within the cycle from...

Gold Against Euro Dollar (XAUEUR) Ended Correction

by elliottwave-forecast.com | June 15, 2020 3:21 pm
In this article, we are going to provide an update of XAUEUR chart. In the previous article from April 23, 2020, we stated that Gold against Euro dollar (XAUEUR) should continue to move higher. XAUEUR has broken...

GBPUSD : Spotting and Trading Confluence Zones

by elliottwave-forecast.com | June 15, 2020 3:20 pm
The GPBUSD pair last week formed a temporary top and reversed lower. Towards the end of the trading week GBPUSD made  lower lows and lower highs signalling the pair was in a downside trend. Traders use confluence...

Waitr Holdings Inc ($WTRH) Incomplete Sequence

by elliottwave-forecast.com | June 15, 2020 3:20 pm
The next entry in the theme of Corona Virus stocks is Waitr Holdings Inc ($WTRH).  Biotech and software are not the only sectors benefitting greatly from the COVID-19 outbreak. The food delivery services are also making huge...

USDCAD Daily Analysis – June 15, 2020

by ForexCycle.com | June 14, 2020 11:00 pm
USDCAD extended its upside movement from 1.3314 to as high as 1.3666. Further rally is still possible after a minor consolidation and next target would be at 1.3750 area. Near term support is at 1.3500, a breakdown...

USDJPY Daily Analysis – June 15, 2020

by ForexCycle.com | June 14, 2020 10:59 pm
USDJPY broke above 107.30 resistance, suggesting that the downside movement from 109.84 had completed at 106.57 already. Range trading between 106.57 and 108.30 would likely be seen in a couple of days.