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.
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- Daud Bhatti
Chevron (CVX) Flat Correction In Progress
June 4, 2023 By Chevron Corporation (ticker: CVX), commonly known as Chevron, is one of the world’s largest multinational energy corporations. The company operates in all aspects of the oil, natural gas, and geothermal energy industries. This includes exploration, production, refining, marketing, and transportation. The stock is bullish in larger degree. However, in shorter cycle, it is still correcting cycle from 3.19.2020 as a flat. Chevron Monthly Elliott Wave Chart Monthly Ellio...
- Daud Bhatti
Cisco (CSCO) Ended A Correction And It Should Resume To The Upside
June 3, 2023 By Cisco Systems, Inc., commonly known as Cisco (CSCO), is an American-based multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment and other high-technology services and products. CSCO Daily Chart February 2023 At the end of 2021, Cisco finished an impulsive structure at 64.33 which we called wave (I). From this hi...
- Daud Bhatti
Tesla Stock ( $TSLA ) Buying The Dips At The Blue Box Area
June 2, 2023 By Hello fellow traders. In this technical article we’re going to take a quick look at the of Tesla Stock ( $TSLA ) . As our members know, the stock is trading within the cycle from the April 27th low. We have been calling for the rally in the stock after 3 waves pull back. Our team recommended members to avoid selling Tesla , while keep favoring the long side. In the further text we are going to explain the Elliott Wave Forecast and the trading setup. Tesla Stock ( $TS...
- Daud Bhatti
Nikkei (NKD) Looking to Complete Wave 5 of Elliott Wave Impulse
June 2, 2023 By Short term Elliott Wave in Nikkei (NKD) suggests that cycle from 1.3.2023 low is progressing as a 5 waves Elliott Wave impulse. Up from 1.3.2023 low, wave 1 ended at 28715 and pullback in wave 2 ended at 26285. Wave 3 rally ended at 31695 as 1 hour chart below shows. Dips in wave 4 unfolded as a . Down from wave 3, wave (a) ended at 31180 and rally in wave (b) ended at 31405. Wave (c) lower ended at 31075 and this ended wave ((w)). Rally in wave ((x)) completed at 314...
- Daud Bhatti
Elliott Wave View: DAX Pullback in Progress
June 1, 2023 By Short term Elliott Wave View in DAX shows that the Index ended wave (3) at 16333.28. It is now pulling back in wave (4). Internal subdivision of the pullback is unfolding as a . Down from wave (3), wave ((i)) ended at 16179.14 and rally in wave ((ii)) ended at 16224.32. Index then resumes lower in wave ((iii)) towards 15802.86 and rally in wave ((iv)) ended at 15872.60. Final leg wave ((v)) ended at 15726.5 which completed wave A. Index then did a corrective wave B ra...
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 ...
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...
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
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
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
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...
- Daud Bhatti
Chevron (CVX) Flat Correction In Progress
June 4, 2023 By Chevron Corporation (ticker: CVX), commonly known as Chevron, is one of the world’s largest multinational energy corporations. The company operates in all aspects of the oil, natural gas, and geothermal energy industries. This includes exploration, production, refining, marketing, and transportation. The stock is bullish in larger degree. However, in shorter cycle, it is still correcting cycle from 3.19.2020 as a flat. Chevron Monthly Elliott Wave Chart Monthly Ellio...
- Daud Bhatti
Cisco (CSCO) Ended A Correction And It Should Resume To The Upside
June 3, 2023 By Cisco Systems, Inc., commonly known as Cisco (CSCO), is an American-based multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment and other high-technology services and products. CSCO Daily Chart February 2023 At the end of 2021, Cisco finished an impulsive structure at 64.33 which we called wave (I). From this hi...
- Daud Bhatti
Tesla Stock ( $TSLA ) Buying The Dips At The Blue Box Area
June 2, 2023 By Hello fellow traders. In this technical article we’re going to take a quick look at the of Tesla Stock ( $TSLA ) . As our members know, the stock is trading within the cycle from the April 27th low. We have been calling for the rally in the stock after 3 waves pull back. Our team recommended members to avoid selling Tesla , while keep favoring the long side. In the further text we are going to explain the Elliott Wave Forecast and the trading setup. Tesla Stock ( $TS...
- Daud Bhatti
Nikkei (NKD) Looking to Complete Wave 5 of Elliott Wave Impulse
June 2, 2023 By Short term Elliott Wave in Nikkei (NKD) suggests that cycle from 1.3.2023 low is progressing as a 5 waves Elliott Wave impulse. Up from 1.3.2023 low, wave 1 ended at 28715 and pullback in wave 2 ended at 26285. Wave 3 rally ended at 31695 as 1 hour chart below shows. Dips in wave 4 unfolded as a . Down from wave 3, wave (a) ended at 31180 and rally in wave (b) ended at 31405. Wave (c) lower ended at 31075 and this ended wave ((w)). Rally in wave ((x)) completed at 314...
- Daud Bhatti
Elliott Wave View: DAX Pullback in Progress
June 1, 2023 By Short term Elliott Wave View in DAX shows that the Index ended wave (3) at 16333.28. It is now pulling back in wave (4). Internal subdivision of the pullback is unfolding as a . Down from wave (3), wave ((i)) ended at 16179.14 and rally in wave ((ii)) ended at 16224.32. Index then resumes lower in wave ((iii)) towards 15802.86 and rally in wave ((iv)) ended at 15872.60. Final leg wave ((v)) ended at 15726.5 which completed wave A. Index then did a corrective wave B ra...