For more analysis in other Forex, Indices, and Commodities, take our 14 days FREE trial and get access to Elliottwave charts for 52 instrument in 4 time frames, live sessions, live trading room, 24 hour chat room, and more.   Weekly Chart NZDCAD is showing a bullish sequence in the weekly time frame with the break […]

GBPUSD preferred Elliott wave structure suggests pair is in an Ending Diagonal structure where wave ((4)) completed on 12/6 at 1.2775. Each sub-wave of a diagonal pattern sub-divides in 3, 7 or 11 swings. As the chart below shows, wave (W) of ((5)) completed at 1.2198 followed by a 3 wave bounce to 1.2432 which […]

The Video below is a short capture from the Plus Daily Technical Video held on October 26th by Hendra Lau. Hendra counted the short term swings and explained our Elliott Wave forecast of ES #F We expected wave (X) blue to make double three against the 1981.58 low.  At that time the price of ES #F […]

FOMC (Federal Open Market Committee) will declare outcome of this month’s meeting on Wednesday and the market is expecting a rate hike by the FED and consequently, dollar would be expected to get strong. We, at Elliottwave-Forecast.com, we base our trades on the technicals and not on the fundamentals or FOMC. The market itself, like everything […]

The Video below is a short capture from the Live Trading Room held on September 13th by EWF Technical analyst Hendra Lau. In the first part, Hendra explained some basic rules of money management that every trader should be aware of, how to avoid overleveraging by spliting the position size within the instruments of the […]

AUDCAD has been rallying this week and today it broke above the peak at 10.25.2016 (1.0286). Decline from 10.25.2016 peak was pretty sharp and might have shaken some buyers but we viewed the decline as a buying opportunity because there were 5 swings up from 8.19.2016 (0.9753) to 1.25.2016 (1.0286) peak which is an incomplete Elliott […]