SEKJPY Breaks below September 2019 to Resume The Decline

by elliottwave-forecast.com | April 1, 2020 4:18 pm
Back in October 2019, we mentioned that SEKJPY had reached extreme area down from September 2017 peak and should bounce soon in 3 or 7 swings which should fail for more downside. In this article, we will...

Stocks: When Grass Looks Greener on the Other Side of the … Pond

by ForexCycle.com | April 1, 2020 2:53 am
By Elliott Wave International Let’s start by establishing that the stock market is not driven by the news. Aggregate stock prices are driven by waves of optimism and pessimism — which go from one extreme to another...

$FP : Pattern of Total stock can be the key for investors

by elliottwave-forecast.com | March 31, 2020 4:07 pm
Total SA is traded under tickers $FP @ Euronext and $TOT @ NYSE. It is of particular interest today as the world indices are dropping in a straight down mode. Hereby, Total may provide clues to identify the...

EURGBP : Will the Pair Bounce Higher?

by elliottwave-forecast.com | March 31, 2020 4:06 pm
EURGBP Technical Analysis March 30/2020 EURGBP : There are clear visible bullish market patterns on the 1 hour chart but traders will still need to wait for more confirmation that a bottom will form and for price...

$FXA Bearish Cycles From The July 2011 High 

by elliottwave-forecast.com | March 30, 2020 4:22 pm
$FXA Bearish Cycles From The July 2011 High First the FXA ETF fund is the Australian dollar tracking fund that has an inception Date of 06/21/2006.  With that said the fund mainly reflects the currency spot price of...

CADJPY May See More Downside After BOC Cut Rates

by elliottwave-forecast.com | March 30, 2020 4:21 pm
On Friday, Bank of Canada (BOC) made another rate cut for the third time this month. The central bank lowered the interest rate by 50 basis points to 0.25%. This unscheduled rate cut is intended to provide...

NIKE ( $NKE ) Forecasting The Decline & Selling The Rallies

by elliottwave-forecast.com | March 30, 2020 4:20 pm
Hello fellow traders.  Another instrument that we have been trading lately is NIKE stock. In this technical blog we’re going to take a quick look at the Elliott Wave charts of NIKE, published in members area of...

$CA : Carrefour stock struggling with lack of space

by elliottwave-forecast.com | March 30, 2020 4:19 pm
The weekly technical structure of the Carrefour stock price is a good example of a market correction struggling with the lack of space.  Hereby, we observe a situation where the price extends lower in a Elliott Wave...

EURGBP Elliott Wave: Pair May Find Buyers Soon

by elliottwave-forecast.com | March 30, 2020 4:18 pm
Bank of England (BOE) decided to leave interest rate unchanged at a record low of 0.1% last week. This allows EURGBP to correct from seven month highs. After reaching the high at 0.95, EURGBP pulled back to...