GBPJPY Bullish Trend Starting? Part 2

GBPJPY, elliottwave, elliott wave, price action, PA, technical anlysis, pattern, trend, bullish

GBPJPY Technical Analysis February 10/2017 To view GBPJPY Bullish Trend Starting? Part 1 published January 19/2017 click here > Part 1 GBPJPY 4 Hour Bullish Pattern : On the 4 hour chart we can see a Bullish Pattern (Red) triggered at the BC 0.50% Fib. retracement level where it has since bounced higher. A strong breakout and candle close above the 4 hour Supply/Demand trend line (Blue) can signal that the pair will continue higher. Traders should watch for this … [Read more...]

GBPJPY Bullish Trend Starting?

GBPJPY, Elliott Wave, elliottwave, bullish, pattern, price action, moving average, technical analysis

GBPJPY Technical Analysis January 19/2017 GBPJPY 4 Hour Bullish Pattern : In the chart below a Bullish Pattern (Red) buy signal has already been triggered at the BC 0.50% Fib. level and price has since bounced higher. We are expecting for the pair to continue higher and break above the descending trend line signalling that a new cycle to the upside has begun and also signalling that the bearish cycle starting from December 15/2016 has possibly terminated. If a new upside trend has started it … [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...]

Facebook Inc potential short-term Elliott Wave scenario

Facebook

Hello fellow traders, in this technical blog we’re going to take a quick look at the short term structure of Facebook’s shares price. Facebook began selling stocks to the public in May 2012, as a part of Nasdaq stock exchange with initial price of $38 per share. Eventyaly, the market developed a strong, 3-year-old bullish trend, where every pull back kept finding buyers at 23%-38.2% Fibonacci retracement area against the all-time lows. Today Facebook is the most popular social networking site … [Read more...]

$QCOM Daily Elliott Wave Analysis

QCOM-D-11-7

Here is a daily Elliott wave analysis of Qualcomm Incorporated based in California, USA. This Nasdaq stock is well below it all time peak back in the year 2000 and did suffer a quite a pullback lower with the rest of the market into 2002 then has traded sideways to higher from there. Most recent larger degree dip appears to have ended a corrective cycle lower back on 2/12/2016 at the 42.24 lows . The uptrend from there thus far appears to be impulsive and I think it should likely do a bit of … [Read more...]

GOOGL Near Term 4 hour Elliott Wave Analysis

googl-4h-11-7

Here is the near term Elliott Wave analysis for the Nasdaq stock and company that really needs no introduction, Google based in Mountain View, California, USA. For purposes here in this article I'll mention this stock is obviously in a larger uptrend since the company inception. This particular labeling of the chart is not to say the larger count is or not impulsive however may be the important thing is the uptrend. We will begin with the low from 6/27/2016 which after doing cycle analysis it … [Read more...]