Platinum Correction of the Cycle up from 1/21/16 $PL_F

PL_F-8H

Firstly this is mainly about the near term expectations in the correction of the cycle up from the 1/21/2016 cycle lows in Platinum. The best reading of the larger cycles in Platinum suggests it can have a longer term cycle high and low in March and October of 2008 and since then rallied in a cycle up until August 2011. Afterward of that the precious metal declined in a cycle and trend lower with other metals & commodities. The second thing I like to mention in the case of Platinum on … [Read more...]

GBPUSD Can a dip into the $0.60-$0.30 area happen?

GBPUSD WEEKLY 20161227132438

The GBPUSD has been declining since the late 1960’s. The currency instrument did see a three wave decline into the 1985 low. This low represents either a pause into the longer term decline sequence or the beginning of a new bullish sequence. From the 1985 lows the currency rallied for 22 years based in Elliott wave hedging, which means both bearish and bullish sides agreed on the bounce. As of right now, we are looking at the 1985 low as a line which supports or negates the GBPUSD moving into … [Read more...]

Forecasting US Dollar through EURAUD into FOMC

FOMC Rate Decision

FOMC (Federal Open Market Committee) will declare outcome of this month's meeting on Wednesday and the market is expecting a rate hike by the FED and consequently, dollar would be expected to get strong. We, at Elliottwave-Forecast.com, we base our trades on the technicals and not on the fundamentals or FOMC. The market itself, like everything in nature has a natural way to move in which the market will either follow a corrective or an impulsive sequence. The Elliott Wave is the only technique … [Read more...]

$QCOM Daily Elliott Wave Analysis

QCOM-D-11-7

Here is a daily Elliott wave analysis of Qualcomm Incorporated based in California, USA. This Nasdaq stock is well below it all time peak back in the year 2000 and did suffer a quite a pullback lower with the rest of the market into 2002 then has traded sideways to higher from there. Most recent larger degree dip appears to have ended a corrective cycle lower back on 2/12/2016 at the 42.24 lows . The uptrend from there thus far appears to be impulsive and I think it should likely do a bit of … [Read more...]

GOOGL Near Term 4 hour Elliott Wave Analysis

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Here is the near term Elliott Wave analysis for the Nasdaq stock and company that really needs no introduction, Google based in Mountain View, California, USA. For purposes here in this article I'll mention this stock is obviously in a larger uptrend since the company inception. This particular labeling of the chart is not to say the larger count is or not impulsive however may be the important thing is the uptrend. We will begin with the low from 6/27/2016 which after doing cycle analysis it … [Read more...]

How could the US Election affect Global Market ?

DXY Monthly

US Election year always comes with uncertainty for the global market with Equities, futures and forex all interested in the relative strength of the United States dollar and ultimately that strength is based upon the US economic health which is still the one that sets the path for the rest of the world . As Hillary Clinton and Donald Trump go head to head in the race for the presidency, how might the outcome affect the Financial markets? The historical outlook for the stock market combined … [Read more...]