Elliott Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients. ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions. 

Elliott Wave View: EURUSD Near Term Further Downside Likely

  September 30, 2022 By  Short term Elliott Wave view on USDCAD suggests cycle from 8.11.2022 high is in progress as a . Down from 8.11.2022 high, wave 1 ended at 0.9864 and rally in wave 2 ended at 1.0198. Pair has resumed lower in wave 3 towards 0.9536. Down from wave 2, wave ((i)) ended at 0.9943 and rally in wave ((ii)) ended at 1.0052. Pair then resumes higher in wave ((iii)) towards 0.9548 and rally in wave ((iv)) ended at 0.9701. Final leg lower wave ((v)) ended at 0.9532 which co...

Elliott Wave View: Impulsive Rally in USDCAD Looks Incomplete

  September 29, 2022 By  Short term Elliott Wave view on USDCAD suggests cycle from 8.11.2022 low is in progress as a . Up from 8.11.2022 low, wave 1 ended at 1.3208 and pullback in wave 2 ended at 1.2954. Pair has resumed higher in wave 3 with internal subdivision in another 5 waves of lesser degree. Up from wave 2, wave ((i)) ended at 1.3344 and pullback in wave ((ii)) ended at 1.3224. Pair then resumes higher in wave ((iii)) towards 1.3808 and dip in wave ((iv)) ended at 1.3636. Final...

Bitcoin Reacting Lower From Elliott Wave Blue Box Area

  September 28, 2022 By  In this technical blog, we will look at the past performance of 1-hour Elliott Wave Charts of Bitcoin. In which, the decline from 15 August 2022 high is unfolding as a nest and showed a lower low sequence. Therefore, we knew that the structure in Bitcoin is incomplete to the downside & should see more weakness. So, we advised members to sell the bounces in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below: Bitcoin 1 Hour El...

Elliott Wave View: Bank of America (BAC) Rally Should Fail for More Do...

  September 28, 2022 By  Short term Elliott Wave view on Bank of America (BAC) shows that cycle from 9.12.2022 high is unfolding as a . Down from 9.12.2022 high, wave 1 ended at 33.54 and rally in wave 2 ended at 34.90. The stock has resumed lower in wave 3. Down from wave 2, wave ((i)) ended at 33.66 and rally in wave ((ii)) ended at 34.87. The stock resumes lower in wave ((iii)) towards 31.21, and rally in wave ((iv)) ended at 31.82. Expect the stock to extend lower 1 more leg in wave...

MAT : Expect Short Term Downside To Continue Before Rally Resumes

  September 28, 2022 By  Mattel, Inc. (MAT), a children’s entertainment company, designs & produces toys & consumer products worldwide The company operates through North America, International & American Girl segments. It is based in El Segundo, CA, comes under Consumer Cyclical sector & trades as “MAT” ticket at Nasdaq. MAT made a low of $6.53 during March-2020 sell off in the market. Later it showing  sequence as I red ended at $26.99 high on 5/04/2022. While below there, it favors co...

Gold Elliott Wave View: More Upside

​Gold is showing 5 waves up from 1251.27. The current cycle can reach as high as 1294 - 1304, then it should pullback in 3, 7, 11 swing before higher again

Gold to Silver Ratio: Turning Lower

Gold to Silver Ratio: Turning Lower Gold to Silver ratio looks to have ended cycle from 7/4/2016 low (64.38) and should turn lower at least in 3 waves to correct cycle from 7/4/2016 low. The video below explains what the expected turn lower in the ratio means to Gold and Silver: Video Player00:0007:09 Gold to Silver Ratio Correlation Chart Overlay of Gold-to-Silver ratio chart together with Gold (XAUUSD) and Silver (XAGUSD) chart above shows an inverse correlation. When the ratio fell down such ...

FTSE 100 Elliott Wave View: Pullback in progress

​FTSE has reached 100% from 6/30 low at 7552.2 and it is correcting cycle from 6/30 low in 3, 7, or 11 swing before turning higher again

EURGBP Elliott wave view: Zigzag structure

EURGBP Elliott wave view: Zigzag structure In this Technical blog we are going to take a quick look at the past 1 hour Elliott Wave performance of EURGBP cycle from July 14 low, which we presented to our clients at elliottwave-forecast.com. We are going to explain the structure from that cycle.EURGBP 1 Hour Elliott Wave ChartIn this Technical blog, we are going to take a quick look at the EURGBP 1 hour chart from July 25, 2017. In which the bounce from 7/14 low (0.8740) appeared to be in 5 waves...

FTSE 100 Elliott Wave View: Pullback expected

​FTSE has reached 100% from 6/30 low at 7552.2 and index should pullback soon in 3, 7, or 11 swing to correct cycle from 6/30 low before higher again

Fear of Hard Brexit and Poundsterling

​Fears of the consequences of the hard Brexit sent pound tumbling down to a new 31-year low against the dollar. The current rate around 1.27 is a level not seen since June 1985. Going forward, the uncertainty surrounding the negotiations can create volatility to the pound as the process of leaving the EU gets underway.

The Future of Energy Sector

​Scientists are looking to power the planet with renewable energy by the year 2030 , till that happens the main source for the world energy will remain OIL , GAS and Coal as we can see it clearly in the world energy demand figure which proves that Energy Sector is still among the strongest investment for the future even many are expecting it to reach the end of an era which could drive the public away from investing in its related stocks .To have a better understanding let’s check The Energy...

How far USD will rally - Gold may provide an answer

​Fed Chairwoman Janet Yellen and other Fed members gave hawkish comments at Jackson Hole meeting last week, boosting the U.S. dollar against several currencies. Janet Yellen suggested that in light of the solid performance in the labor market, the case for an increase in federal funds rate has strengthened in recent months. However, she did not specifically say the timing of the next rate hike and added that the decision to raise rate will depend on the incoming data. Vice-chairman Fisher and ...

Potential Impacts of Brexit

​Market, Political, and Economic Impact of Brexit and Technical Picks to play it.,Take our FREE 14 Day Trial to find levels to trade $GBPUSD, $EURGBP, and other forex, indices, and commodities using Elliottwave technique. You may also read other technical articles at our Technical Blogs and check Chart of The Day. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our exp...

Hendra Lau
  • Hendra Lau

Has the Next Bull Market for Gold Started?

Has the Next Bull Market for Gold Started? Gold has been used as the currency of choice throughout history, despite what the central banks of the world say. Ben Bernanke, then the Fed Chairman, famously said that Gold is not money in 2011 during congressional hearing with Senator Ron Paul. Since President Nixon removed Gold’s peg from the US Dollar in 1971, the world has officially came off the yellow metal’s standard. This new fiat system is backed only by faith in the government wh...

Hendra Lau
  • Hendra Lau

Elliott Wave Analysis: Palladium’s Target Area Reaction

Elliott Wave Analysis: Palladium’s Target Area Reaction Welcome traders, today we will look at a couple of Palladium futures (PA #F) charts. The metal reached one of our blue target areas and react perfectly to our expectations. This will show you how profitable and efficient it can be to trade with our philosophy and basic Elliott Wave analysis. First of all, we start with Palladium futures’ 45 minute chart from December 23rd presented to our members. At the time, we maintained a bull...

Hendra Lau
  • Hendra Lau

Corn Futures Forecasting The Decline After Elliott Wave Flat

Corn Futures Forecasting The Decline After Elliott Wave Flat   Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Corn Futures published in members area of the website. As our members know, the Commodity has corrected the cycle from the 412’7 peak. Proposed recovery has been unfolding as Expanded Elliott Wave Flat structure. In further text we’re going to explain the forecast and Elliott Wave Pattern. Before we take a look at the r...

Gold Elliott Wave View: pullback ending

​Gold has ended the near term cycle from 4/10 low as 5 waves impulse sequence in wave (a) higher at 1295 peak below from there metal is correcting

Gold Elliott Wave View: Pullback completed

​Gold has ended the near term cycle from 4/10 at 1295.60 peak, below from there metal is correcting that cycle & correction could be done at 1281

Elliott Wave View: EURUSD Near Term Further Downside Likely

  September 30, 2022 By  Short term Elliott Wave view on USDCAD suggests cycle from 8.11.2022 high is in progress as a . Down from 8.11.2022 high, wave 1 ended at 0.9864 and rally in wave 2 ended at 1.0198. Pair has resumed lower in wave 3 towards 0.9536. Down from wave 2, wave ((i)) ended at 0.9943 and rally in wave ((ii)) ended at 1.0052. Pair then resumes higher in wave ((iii)) towards 0.9548 and rally in wave ((iv)) ended at 0.9701. Final leg lower wave ((v)) ended at 0.9532 which co...

Elliott Wave View: Impulsive Rally in USDCAD Looks Incomplete

  September 29, 2022 By  Short term Elliott Wave view on USDCAD suggests cycle from 8.11.2022 low is in progress as a . Up from 8.11.2022 low, wave 1 ended at 1.3208 and pullback in wave 2 ended at 1.2954. Pair has resumed higher in wave 3 with internal subdivision in another 5 waves of lesser degree. Up from wave 2, wave ((i)) ended at 1.3344 and pullback in wave ((ii)) ended at 1.3224. Pair then resumes higher in wave ((iii)) towards 1.3808 and dip in wave ((iv)) ended at 1.3636. Final...

Bitcoin Reacting Lower From Elliott Wave Blue Box Area

  September 28, 2022 By  In this technical blog, we will look at the past performance of 1-hour Elliott Wave Charts of Bitcoin. In which, the decline from 15 August 2022 high is unfolding as a nest and showed a lower low sequence. Therefore, we knew that the structure in Bitcoin is incomplete to the downside & should see more weakness. So, we advised members to sell the bounces in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below: Bitcoin 1 Hour El...

Elliott Wave View: Bank of America (BAC) Rally Should Fail for More Do...

  September 28, 2022 By  Short term Elliott Wave view on Bank of America (BAC) shows that cycle from 9.12.2022 high is unfolding as a . Down from 9.12.2022 high, wave 1 ended at 33.54 and rally in wave 2 ended at 34.90. The stock has resumed lower in wave 3. Down from wave 2, wave ((i)) ended at 33.66 and rally in wave ((ii)) ended at 34.87. The stock resumes lower in wave ((iii)) towards 31.21, and rally in wave ((iv)) ended at 31.82. Expect the stock to extend lower 1 more leg in wave...

MAT : Expect Short Term Downside To Continue Before Rally Resumes

  September 28, 2022 By  Mattel, Inc. (MAT), a children’s entertainment company, designs & produces toys & consumer products worldwide The company operates through North America, International & American Girl segments. It is based in El Segundo, CA, comes under Consumer Cyclical sector & trades as “MAT” ticket at Nasdaq. MAT made a low of $6.53 during March-2020 sell off in the market. Later it showing  sequence as I red ended at $26.99 high on 5/04/2022. While below there, it favors co...

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