EURCAD Possible Bearish Trade Setup 1.17.2017

EURCAD, Elliott Wave, bearish, elliottwave, sell, price action, breakout

EURCAD 1 Hour Technical Analysis January 17.2017 As long as EURCAD stays below 1.4055 we remain bearish and can expect for EURCAD to continue lower. In the first chart below we present an Elliott Wave bearish view and expect the pair to terminate red wave x in the 1.3994 - 1.4014 area which is also the 1.0% - 1.236% a Fib. Ext. area. We expect to see EURCAD form a top in this area and make a reverse lower. If looking to sell EURCAD stops must be placed at the invalidation level at … [Read more...]

CL_F Elliott Wave Forecast 12.29.2016

2CL 6020161228214624

CL_F (Oil) is showing an incomplete 5 swing sequence from 2/8 low ($26.02), favoring for more upside. The latest rally up from 11/14 low ($42.2) is proposed to be unfolding as a triple three where wave W ended at $49.2, wave X ended at $44.82, wave Y ended at $54.51, and second wave X ended at $49.97. The internal structure of wave Z is unfolding as a double three structure where wave (w) of Z ended at  $53.79 and wave (x) of Z has ended at $52.08. Near term, the rally from wave (x) low ended at … [Read more...]

Natural Gas ($NG_F) ready for winter rally?

2NG-F-Daily20161204143738-edited

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...]

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...]

Oil Elliott Wave Sequence is Bullish

Oil Elliott Wave Sequence

Oil's price has been completely crushed in the past 3 years. From $112.2 peak in Aug 2013, Oil's price dropped 77% until it finally found a support in Feb 2016 at $26. From Feb 2016 low, Oil Elliott wave sequence is showing 5 swing (daily chart below), which suggests that further upside is possible. Last Wednesday on Nov 30th, oil's price rose 10% to above $50 in a volatile trade after OPEC members agreed to cut 1.2 million barrels a day from global oil production. This agreement is the first … [Read more...]