Elliott Wave Analysis: DAX

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In this technical blog, let's take a look at the $DAX instrument Elliott wave forecast we had since the beginning of 2017. Below is the $DAX 1/07/2017, 4 hr  weekend updated chart suggesting the rally in DAX from 11/9/2016 is unfolding as a Elliott wave triple three structure (also known as 11 swing sequence), where wave (W) ended at 10798, wave (X) ended at 10400, wave (Y) ended at 11487, and second wave (X) ended at 11404.3. With a break above previous wave (Y) at 11487, instrument is showing … [Read more...]

Aftermath of December US Non-farm payrolls

GBPUSD 5 Jan 1 Hour Mid-day NY

Last Friday, US added 156,000 job numbers in December Non-farm payrolls followed by a 204,000 rise in November previously, which was bigger than estimated. Whereas the Median forecast for December Non-farm payrolls was estimated at 175,000 jobs. The jobless rate marked up to 4.7 percent as the labor force grew. And wages rose 2.9 percent from December 2015, thus helped US Dollar & Indices to rally, significantly pushing SPX & NASDAQ to new all-time highs. Average hourly earnings advanced … [Read more...]

AUDCAD Elliott wave Strategy of the Day (12/27/2016)

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On 27th of December 2016, Our Strategy of the Day Video presented to clients viewed the bounce in AUDCAD as a selling opportunity in the pair. Short AUDCAD (12/27/2016) On 12/27/2016, pair was showing incomplete swing sequence (5 swings) from 11/10 peak & was missing the target (0.9545 - 0.9415 area). This suggested Elliott wave sequence was incomplete and bearish against 12/14 peak (0.9887) in first degree and thus our strategy was to sell the bounces in sequence of 3, 7 or 11 swings … [Read more...]

Natural Gas ($NG_F) ready for winter rally?

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Cold winters drive the demand for natural gas to power heating ovens or to generate electricity from natural gas to power heaters. The nymex natural gas prices reached a 17-year low of $ 1.64 on March 3, 2016, due to mild weather, weak demand, strong supplies and high inventories. As of December 1, prices rose 113% from their lows in 2016. Prices have risen 25% in the last 12 months. The US natural gas platform account hit a peak of 1,606 rigs on September 12, 2008. On the other hand, it reached … [Read more...]

Forecasting the rally in DAX Index

DAX Daily 10.8.2016

In this technical blog, we will take a look at some charts of DAX Stock Index presented to clients of Elliottwave-Forecast.com over the last few weeks. For the last few months EWF members knew that Global Indices had been in a bullish cycle and it offered some nice buying opportunities in the dips in 3, 7 or 11 swings because following this technique, even if the trend doesn't resume, we mostly get a 3 wave bounce at least which allows clients to get into a risk free position. Now let’s take a … [Read more...]

OIL (CL_F) Running Flat Elliott Wave Structure

Oil Elliott Wave Analysis 11.9.2016

In this Technical blog we are going to take a look at $CL_F (Oil) running flat structure we had from June’s peak, but before we go there lets talk about what “Running FLAT Elliott Wave structure” looks like. As per Elliott Wave Theory, running FLAT is a 3 wave corrective pattern which could be rarely found in the market. In this structure, internal subdivisions are 3, 3, 5 and labelled A, B, C. Waves A and B can have any type of corrective structures, i.e. zigzag, flat, double three or triple … [Read more...]