Australia Economy Beat Expectation

by elliottwave-forecast.com | June 7, 2018 2:56 pm
Australia Economy Posts Strong Q1 Growth Australia’s 1st quarter 2018 Gross Domestic Product is growing at 1.01%, beating the expectation of 0.9%. This is the largest increase since late 2011 and brings the year-on-year growth rate to...

Copper Elliott Wave View: Next Extension Higher may have started

by elliottwave-forecast.com | June 7, 2018 2:22 pm
Copper ticker symbol: HG_F short-term Elliott wave view suggests that the pullback to 3.0101 on 5/30/2018 ended Intermediate wave (2). The internals of Intermediate wave (2) unfolded as Elliott wave double three structure where Minor wave W ended at 3.0195. Minor...

FTSE Elliott Wave View: Buying Opportunity Soon

by elliottwave-forecast.com | June 6, 2018 2:42 pm
FTSE short-term Elliott wave view suggests that the rally to 7903.50 high on 5/22/2018 peak ended primary wave ((1)). This rally to 7903.5 starts from 3/23/2018 low and took the form of an impulse Elliott wave structure. The index is...

SPX Elliott Wave Analysis: Close To A Pullback?

by elliottwave-forecast.com | June 5, 2018 2:43 pm
SPX short-term Elliott wave view suggests that the rally from 4/02/2018 low (2553.8) is extending higher in 5 waves structure. These 5 waves are expected to be part of a leading diagonal structure within intermediate wave (1) higher. The move higher...

XLI Elliott Wave View: Dips Can Remain Supported

by elliottwave-forecast.com | June 4, 2018 2:43 pm
XLI: Industrial sector ETF short-term Elliott wave view suggests that the decline to 70$ on May 03 low ended cycle degree wave IV pullback. Above from there, the instrument rallied higher as an impulse and has scope to resume the cycle degree...

USDJPY Elliott Wave view: Calling For Bounces To Fail Ahead of NFP?

by elliottwave-forecast.com | June 1, 2018 2:37 pm
USDJPY Short-term Elliott Wave view suggests that the rally to 111.40 on May 21 ended intermediate wave (A) as a Diagonal structure coming from March 26 low (104.52) cycle. Pair is currently correcting cycle from 3/26 low within Intermediate wave (B)....

World Uranium Index Suggesting Higher price for the metal

by elliottwave-forecast.com | May 31, 2018 3:11 pm
World Uranium Index (URAXPD) and Uranium Futures contract tracking the spot price of the metal which ended the downtrend cycle from 2007 peak and been bouncing higher since 2016 lows. The two instrument may have different dates for the peak or...

Elliott Wave View: Russell (TF_F) Pullback Around The Corner?

by elliottwave-forecast.com | May 31, 2018 2:19 pm
Russell (TF_F) index short-term Elliott Wave view suggests that the rally from April 02.2018 low (1482.6) is taking a form of an Elliott wave leading diagonal structure within Intermediate wave (1) higher. Leading diagonal structure usually appears as the sub-division of...

Nikkei Elliott Wave Analysis: Pullback Remains In Progress

by elliottwave-forecast.com | May 30, 2018 2:41 pm
Nikkei short-term Elliott wave view suggests that the rally to 23060 on May 20 high ended Intermediate wave (1) as an impulse. Down from there, the index is pulling back in Intermediate wave (2) pullback to correct cycle from March...

The CAC 40 Index Long Term Bullish Cycles

by elliottwave-forecast.com | May 29, 2018 2:44 pm
The CAC 40 Index Long Term Bullish Cycles Firstly the CAC 40 index long term bullish cycles have been trending higher with other world indices. In September 2000 it put in an all time high.  From there...