In this technical blog, lets take a quick look at the 1 hour Copper Elliott wave view from March 09 lows. In which the the metal was showing 5 waves bounce from March 09 (2.5593) low & the bounce was impulsive rather then corrective sequence. Thus suggesting the cycle from (2.5593) low could be following the […]

One of the most popular consensus in 2017 among the analysts is a stronger U.S. Dollar due to the Fed in rate hiking cycle and also Donald Trump promising infrastructure spending, tax reform, which are all supposedly US Dollar positive. At Elliottwave Forecast, we listen to the market through our technical analysis using Elliott Wave, […]

Short term Elliott Wave view in USDJPY suggests that cycle from 3/10 peak (115.53) has ended with Minor wave A at 110.077. Decline from 115.53 is unfolding as a 5 waves impulse Elliott wave structure with an extension where Minute wave ((i)) ended at 114.46, Minute wave ((ii)) ended at 115.19, Minute wave ((iii)) ended at 110.59, […]

Consol Energy (NYSE:CNX) is the largest producer of bituminous coal in the United States and the largest exporter of U.S. coal, It managed to survive through the major disruption in the financial markets because of its diversification strategy around natural gas and other services. Despite being one of the oldest company in the industry, originally created in 1860 […]