Best reading of Elliott wave cycles suggests EURAUD is in a triple three Elliott wave structure from 10/6 (1.4779) high. While below 1.4353 and more importantly below 1.4477 high, pair has scope to make another push lower towards 1.4222 – 1.4162 area and then bounce in minimum 3 waves to correct the cycle  from 10/6 (1.4779) peak […]

Short term Elliott wave count suggests that pullback to 1.542 at 9/28 ended wave X. The rally from there looks to be unfolding as a 5 wave move and wave ((a)) is proposed complete at 1.801 . Wave ((b)) pull back is currently in progress to correct the cycle from 9/28 low (1.542) before the yields resume higher. We […]

In our last video about Gold (XAU/AUD) on 8/21/2016, we forecasted a pull back in the instrument towards 1673 – 1595 area. We have now reached that area and we take another look at the instrument to see where it can go next from here and also explain what the next 1 hour cycle move […]

Many traders are of the mind set that they should follow only one or a very few instruments and therefore, you would come across many traders who trade just EURUSD, GBPUSD, ES_F or Gold (XAUUSD) for example. We at www.elliottwave-forecast.com believe that market works as a whole and as a forecaster we need to analyse […]

Majority of Elliott wave practitioners believe trend is only in 5 waves and correction in 3 waves. We believe that assumption is wrong and a market can trend in both 5 and 3 swing sequences. In this video, we take a look at the example of NZDUSD and prove how the instrument has been trending […]

EURNOK is showing an incomplete Elliott wave sequence from the peak at 1.11.2016. We believe the pair is close to ending 3 waves down from 9.1.2016 peak and would soon bounce in 3 waves to correct the decline from 9.1.2016 peak and continue lower towards 8.9871 – 8.8478 area to end the cycle from 1.11.2016 […]