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...]

DAX Elliott Wave Forecast 1.5.2017

$DAX 6020170104212835

The rally in DAX from 11/9/2016 is unfolding as a triple three where wave (W) ended at 10798, wave (X) ended at 10400, wave (Y) ended at 11487, and second wave (X) ended at 11403. With a break above wave (Y) at 11487, DAX is showing 9 swings up from 11/9/2016 low, which favors more upside. Up from 11403, wave ((w)) ended at 11649.5, and wave ((x)) pullback is in progress in 7 swing to correct cycle from 12/30 (11403) low before Index turns higher again. Potential target for wave ((x)) pullback … [Read more...]

DAX Elliott Wave Forecast 1.4.2017

$DAX 6020170104212835

The rally in DAX from 11/9/2016 is unfolding as a triple three where wave (W) ended at 10798, wave (X) ended at 10400, wave (Y) ended at 11487, and second wave (X) ended at 11403. With a break above wave (Y) at 11487, DAX is showing 9 swings up from 11/9/2016 low, which favors more upside. Up from 11403, wave ((w)) ended at 11649.5, and wave ((x)) pullback is in progress in 7 swing to correct cycle from 12/30 (11403) low before Index turns higher again. Potential target for wave ((x)) pullback … [Read more...]

DAX Elliott Wave Forecast 1.3.2017

$DAX 6020170102214152

DAX has continued to make a new high at the start of the 2017. The Index is currently showing a 5 swing sequence from 12/12 low, which favors more upside. The rally from 12/12 low (11141) is now unfolding as a double three where wave (w) ended at 11483 and wave (x) ended at 11403. Internal structure of wave (y) is unfolding as a double three structure where wave w ended at 11622.5 and wave x pullback is in progress to correct from 12/30 low (11403) before DAX resumes rally higher again. We don't … [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...]

GBPAUD Elliott Wave Calling Possible Bounce Higher?

GBPAUD, Elliott Wave, Elliottwave, Bullish Pattern, Harmonic Pattern

GBPAUD has been trending higher on the 1 hour and 4 hour time frames since October 7/2016. Elliott Wave forecast analysis can also be calling for the pair to continue the trend and push higher. We at Elliottwave-Forecast always recommend our clients to trade with the trend and not against it. We also understand that Elliott Wave on it's own is not enough to forecast so we combine other trading strategies to compliment the analysis as you will see in the charts below. In the first chart an … [Read more...]