Can the British Pound ETF $FXB Turn Higher?

by elliottwave-forecast.com | December 20, 2021 5:24 pm
Can the British Pound ETF $FXB Turn Higher? Firstly the British Pound Sterling tracking ETF fund FXB  inception date was 6/21/2006. The bearish cycle lower from the November 2007 highs in FXB is favored ended in this analysis. The British...

NIFTY Index Found Sellers After Elliott Wave Flat Pattern

by elliottwave-forecast.com | December 20, 2021 5:24 pm
In this technical blog we’re going to take a look at the Elliott Wave charts charts of NIFTY index published in members area of the website. Recently the Index corrected the cycle from the 18600 ( October...

Is $FXY Due A Bounce In The Longer Term Cycles?

by elliottwave-forecast.com | December 16, 2021 3:45 pm
Is $FXY Due A Bounce In The Longer Term Cycles? Firstly the $FXY instrument inception date was 2/12/2007. The instrument tracks changes of the value of the Japanese Yen versus the US Dollar. There is plenty of...

$CC #F: Will Cocoa Prices Catch Up Those of Coffee?

by elliottwave-forecast.com | December 14, 2021 6:04 pm
Cocoa (or cocoa bean) is one of soft commodities, along with sugar, coffee, orange juice and cotton. The bean is the fully dried and fermented seed, wherefrom cocoa solids and cocoa butter can be extracted. Cocoa beans...

$MTX: MTU Aero Engines Expecting Acceleration Higher

by elliottwave-forecast.com | December 14, 2021 6:01 pm
MTU Aero Engines AG is a German aircraft engine manufacturer. It develops, manufactures and provides service support for civil and military aircraft engines. Founded in 1934 and headquartered in Munich, Germany, it can be traded under the ticker...

Matador Resources ($MTDR) Pulling back against 2020 low

by elliottwave-forecast.com | December 14, 2021 5:53 pm
The last time I analyzed this company was September 2021 (article can be found here), it was close to completing the cycle from the 2020 low, and then pulling back in a larger degree correction. Before I get...

Did $UUP Begin A Bearish Sequence In The Longer Term Cycles

by elliottwave-forecast.com | December 14, 2021 5:52 pm
Did $UUP Begin A Bearish Sequence In The Longer Term Cycles Firstly the dollar tracking ETF fund UUP  inception date was 2/20/2007. Interestingly the dollar index has a low in March 2008. The UUP ETF fund shows...

USDSGD Forecasting The Path & Buying The Dips

by elliottwave-forecast.com | December 13, 2021 4:50 pm
USDSGD is another instrument that has given us trading opportunity lately . Break of 07/20 peak, has made incomplete bullish sequences in the cycle from the January low. The price structure is suggesting further rally within that...