QQQ Doing Strong Reaction Higher From Blue Box Area

by elliottwave-forecast.com | May 2, 2023 7:26 pm
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of QQQ. We presented to members at the elliottwave-forecast. In which, the rally from 13 March 2023 low unfolded as an impulse structure....

Wells Fargo & Company (WFC) Sequence Remains Bearish

by elliottwave-forecast.com | May 2, 2023 7:14 pm
With the recent failure in Silicon Valley Bank and First Republic Bank, we will take a look at the U.S. banking sectors. In this article, we will update the long term outlook of Wells Fargo & Company...

TD: Short Term Bounce Should Fail & Resume Lower

by elliottwave-forecast.com | May 2, 2023 6:47 pm
The Toronto-Dominion Bank (TD) provides various financial products & services in Canada, US & internationally. It operates through three segments: Canadian retail, US retail & Wholesale banking. It is based in Toronto, Canada, comes under Financial services...

How “Insane Optimism” is at Work in the Stock Market

by ForexCycle.com | May 2, 2023 12:41 pm
By Elliott Wave International Many technical indicators are highly useful, yet the price moves of the stock market really boil down to two things: optimism and pessimism. Major trend turns tend to occur when extremes are reached in either...

USDCAD Analysis – May 2, 2023

by ForexCycle.com | May 2, 2023 12:37 pm
The USDCAD pair has been on a bearish trend lately, as indicated by the downside movement from 1.3667 to as low as 1.3527. This suggests that the uptrend from the Apr 14 low of 1.3300 has completed....

USDJPY Analysis – May 2, 2023

by ForexCycle.com | May 2, 2023 12:30 pm
USDJPY is currently facing resistance at the 137.90 level, and a sideways movement between the range of 135.70 and 137.80 could be seen in the near term. As long as the support level at 135.70 holds, the...

AUDUSD Analysis – May 2, 2023

by ForexCycle.com | May 2, 2023 12:22 pm
The AUDUSD currency pair has been in an uptrend in the short term, having broken above the falling trend line on the 4-hour chart. This suggests that the downside movement from the high of 0.6771 has already...

GBPUSD Analysis – May 2, 2023

by ForexCycle.com | May 2, 2023 12:17 pm
The GBPUSD pair has been moving in a range-bound manner between 1.2343 and 1.2583, indicating indecision in the market. However, the sideways movement is expected to continue for the time being. If the price breaks above the...

EURUSD Analysis – May 2, 2023

by ForexCycle.com | May 2, 2023 12:08 pm
The EURUSD pair has been under pressure in recent trading sessions, with the pair breaking below the support level of 1.0962. This has triggered a bearish signal, suggesting that the pair could be headed for further declines...