Trading is a profession that many enter with big dreams, we all have been guilty one way or the other of the illusion of making a living out of trading.

In today’s blog, we will have a look between the relationship of the Dollar Index and the Mexican Peso. The USDMXN has been trading in the same direction as the Dollar Index and both have peaked in January 2017. As you can see in the following chart below.   Dollar Index vs USDMXN 04/11/2019 Weekly Chart    […]

Most of the World Indices have ended the cycle from the post-2009 Financial crisis low. But still, there are few Indices which are due for another cycle higher. SPX and SPY are running in an Elliott Wave Impulse structure. We at Elliott Wave Forecast believe in the idea of combining other Financial Instruments and relate […]

Welcome to the Daily Market News video. Today’s market close results: the DJIA down -0.30%, the S&P500 unchanged, the Nasdaq up 0.25%, and the Russell 2000 down -0.18%. Bitcoin drew the most attention on the day closing the New York session up over 15%. In the video, we look at 2 key resistance levels. Bitcoin […]

Advanced Micro Devices (AMD) which is a multinational semiconductor company. Is following the overall structure of other World Indices. The stock is trading within a corrective sequence within the Grand Supercycle degree. From its all-time low, it rallied and made a major peak early 2000. Which can be also seen in many World Indices. After […]

The Stock is trading within a very technical area and it is showing a very clear 5 waves advance Elliott wave structure from its 2013 lows. When a 5 waves structure can be seen we always should be careful and pay attention to the direction of the 5 waves. Accordingly, to the Elliott Wave Theory […]