EURCAD Selling Opportunity

by elliottwave-forecast.com | August 3, 2017 10:42 am
EURCAD Technical Analysis 8.1.2017 On June 13/2017 I published an article EURCAD : Sell the Bounce Bearish Pattern where I called for the pair to make another move lower after a bounce/retracement higher. EURCAD since then bounced and continued...

USDCAD Elliott Wave View: Flat correction

by elliottwave-forecast.com | August 3, 2017 10:30 am
Short term USDCAD Elliott Wave view suggests the decline to 1.2411 ended Intermediate wave (3) of an Elliott Wave impulse structure from 6/2 peak. Intermediate wave (4) bounce is in progress as a flat Elliott wave structure where Minor wave A ended at 1.2576 and...

US Dollar to stay soft in 2017

by elliottwave-forecast.com | August 2, 2017 10:12 am
The USD Index has dipped over 9% this year. The weakness in US Dollar has been broad-based and consistent against all major currencies. The Dollar Index closed fifth straight month in losses , something which hasn’t happened since...

USDCAD Elliott Wave View: Wave (4) in progress

by elliottwave-forecast.com | August 2, 2017 9:53 am
Short term USDCAD Elliott Wave view suggests the decline to 1.2411 ended Intermediate wave (3) of an Elliott Wave impulse structure from 6/2 peak. Intermediate wave (4) bounce is in progress as a double three Elliott wave structure where Minor wave W ended...

OIL ( CL_F ) Elliott Waves forecasting the rally

by elliottwave-forecast.com | August 1, 2017 10:48 am
Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave chart of OIL ( CL_F ) published in members area. In further text we’re going to explain the...

SPX500 Bullish Elliott Wave Sequence

by elliottwave-forecast.com | August 1, 2017 10:18 am
SPX500 move up from 3/27 (2322) low is proposed to be unfolding as a double three Elliott wave structure when rally to 6/19 (2453) completed wave W and dip to 6/29 (2405.74) completed wave X. Up from there, Index rallied...

NASDAQ Composite Index should pullback soon

by elliottwave-forecast.com | August 1, 2017 9:52 am
The following chart shows NASDAQ composite index. The index has a tremendous rally since the lows around 1975 which is pretty close to the zero level. The index has reached the bottom of the blue box at 6219...

DAX Elliott Wave View: More Downside

by elliottwave-forecast.com | August 1, 2017 9:21 am
Short term DAX Elliott Wave view suggests the decline from 5/15 high is unfolding as a double three Elliott wave structure. Down from 5/15 peak, Primary wave ((W)) ended at 12303 as a Flat and Primary wave ((X)) bounce ended at 12672....

DXY Elliott Wave View: Resuming Downside

by elliottwave-forecast.com | July 21, 2017 2:41 pm
Revised short term DXY (USD Index) Elliott Wave view suggests the decline from 6/20 peak (97.87) is unfolding as a double three Elliott wave structure. Down from 97.87 high, decline to 95.47 ended Minor wave W, and bounce to 96.51...

JPM Elliott Wave Bullish Structure

by elliottwave-forecast.com | July 20, 2017 11:05 am
The Elliott Wave view for JPMorgan Chase (NYSE: JPM) suggests the rally from February 2016 low (52.5) to 03/01/2017 peak (93.98) have ended wave (3). The pullback from there unfolded as zigzag ABC structure which ended wave (4) at 06/01/2017 low (81.79). Up...