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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Title Date
EURGBP Elliott Wave: Pair May Find Buyers Soon 2020/03/31
$CA : Carrefour stock struggling with lack of space 2020/03/31
CADJPY May See More Downside After BOC Cut Rates 2020/03/31
EURGBP : Will the Pair Bounce Higher? 2020/03/31
$FP : Pattern of Total stock can be the key for investors 2020/03/31
Everbridge (NASDAQ: EVBG) Bullish Sequence Driving Cycle Higher 2020/03/27
The Clorox Company (NYSE: CLX) Ending an Impulsive Cycle 2020/03/20
Teladoc Health (NYSE: TDOC) Bullish Cycle Can Extend 2020/03/20
IBEX Elliott Wave: Right Side Favored More Downside 2020/03/20
ZS_F (Soybean Futures) Selling Rallies In The Blue Boxes 2020/03/20
$EURCHF : Euro Swissy soon to end correcting the 2015 cycle 2020/03/20
$HEIA : Mort subite owner Heineken is correcting 2009 cycle 2020/03/17
CAD And NOK Biggest Losers As Oil Price Crashed 2020/03/17
Corona Virus Stocks: Teladoc Health ($TDOC) 2020/03/17
AUDNZD Forecasting The Path Lower 2020/03/17
Cruise Stocks Drop Due to Corona Virus Might Present An Opportunity 2020/03/13
XLE Selling The Short Term Elliott Wave Blue Box Area 2020/03/13
Home Depot (HD) Ending 2008 Cycle, $267 Remains Target 2020/03/10
Sugar: Sellers Entered In The Blue Box As Anticipated 2020/03/10
Kirkland Lake Gold Ltd. (NYSE: KL) New All-Time-High in Sight 2020/03/10
10-Year Treasury (ZN) Drops Below 0.5% As Fear Grips Market 2020/03/10
Oil Craters 30%, How Low Can It Go? 2020/03/10
Domino’s Pizza (NYSE: DPZ) Started a New Bullish Cycle 2020/03/05
Elliott Wave View: Peloton ($PTON) The Next Leg Up 2020/03/05
AUDJPY at 11 Year Low Amidst Coronavirus Fear 2020/03/05
Beyond Meat Inc (NASDAQ: BYND) – Starting an Impulsive Cycle 2020/02/28
Bausch Health (BHC) Drops More than 10% After Q4 Results 2020/02/24
Elliott Wave View: Virgin Galactic ($SPCE) Extending The Impulse 2020/02/24
CADJPY Forecasting The Bounce From Blue Box Area 2020/02/19
$SLV Ishares Silver Trust Larger Cycles and Elliott Wave 2020/02/19
EURNZD Elliott Wave Path 2020/02/19
Bristol-Myers Squibb ( NYSE: BMY ) Aiming for New All Time Highs 2020/02/19
$EURGBP FX Pair Longer Term Cycles and Elliott Wave 2020/02/14
​ Singapore Dollar (SGD) Plunges as Central Bank Signals Easing 2020/02/14
$INTC (Intel) Still Remains Supported Until $88.00 Area 2020/02/12
CVR Energy (NYSE:CVI) – Recovery on the Horizon 2020/02/12
EURCAD Incomplete Sequence Keeps Sellers In Control 2020/02/12
USDSEK Forecasting Rally Into Blue Box Based on Incomplete Sequence 2020/02/04
Oil (CL_F) Selling Wave Four Bounce At The Blue Box Area 2020/02/04
How Much Farther Will US Dollar Rally? 2020/02/04
JPM Still Within Elliott Wave (III) of ((III)) as December 2018 Cycle Extends 2020/01/30
IYR Elliott Wave View: Buying The Wave 2 Pullback 2020/01/30
Best Buy (BBY): The Instrument is ending wave III of (III) 2020/01/30
Nvidia Corp (NVDA) Within Powerful Wave ((III) 2020/01/30
Microsoft ($MSFT): Even When In Wave V, More Upside Still To Come 2020/01/23
ConocoPhillips (NYSE: COP) Getting Ready for Next Rally 2020/01/23
Walmart (NYSE: WMT) Looking to Find Buyers During Pullbacks 2020/01/18
FCX Elliott Wave View: Buying The Wave 4 Pullback 2020/01/16
​ Swiss Franc Strengthens After Being Added Back to US Watch List 2020/01/16
Soybean May Benefit From US – China Phase 1 Trade Deal 2020/01/16
Using Market Correlation to Time The Entries 2020/01/10
NQ_F Buying Elliott Wave 4 Dip in Blue Box Area 2020/01/10
Advanced Micro Devices INC: $AMD Reaching Target Area 2020/01/10
$SMH Elliott Wave and Longer Term Cycles 2020/01/10
Crude Oil Prices Jump as Middle East Tension Escalated 2020/01/07
Hecla Mining (NYSE: HL) Impulsive Rally in Progress 2020/01/07
RTY_F (Russell Futures) Buying dips in Blue Boxes 2020/01/07
JNJ Bullish Outlook Suggests Further Upside for Next Year 2019/12/31
EURJPY Forecasting The Rally From The Blue Box Area 2019/12/31
GBPUSD : Buying the Breakout Higher 2019/12/31
Boeing ($B.A.): Path Remains Clear, Even With C.E.O. Fired 2019/12/25
Eurostoxx Buying Dips in Blue Boxes and Forecasting The Rally 2019/12/25
CVX (Chevron) Getting Ready for a Rally 2019/12/20
USDSEK Forecasting The Decline using Elliott Wave 2019/12/20
EURUSD : Identifying and Trading the Elliott Wave Zig Zag Pattern 2019/12/18
CHFJPY Calling the Rally After Double Three Elliott Wave Correction 2019/12/17
FXE Longer Term Cycles and Elliott Wave 2019/12/17
​ U.S. Stock Market Surged as November Payroll Smashed Expectation 2019/12/10
Pound Sterling Maintains Strength as Tories Projected to Win 2019/12/10
XLV Buying The Short-term Pullbacks At Blue Box Areas 2019/12/10
Ten Year Notes ($ZN_F) low on 10.08.2018 Will Decide The Extension In $SPY 2019/12/06
XLP Elliott Wave View: Buying The Dips At Blue Box Areas 2019/12/04
Fortinet Inc (NASDAQ: FTNT) Making Record Highs 2019/12/04
Global Indices Should Remain Resilient Despite Geopolitical Threat 2019/11/29
​ Will the Passing of Hong Kong Human Rights and Democracy Act Threaten Stock Market Rally? 2019/11/26
Kirkland Lake Gold Ltd. (NYSE: KL) New All-Time-High in Sight 2019/11/26
​ $EWC iShares MSCI Canada ETF Long Term Cycles & Elliott Wave 2019/11/26
​ The Nasdaq Tracker QQQ Long Term Cycles & Elliott Wave 2019/11/21
Gold Suffered Biggest Weekly Drop in 3 Years on Trade Prospect 2019/11/13
AMZN Buying The Elliott Wave Dips At Blue Box Area 2019/11/13
Pivotal Software Inc. Reacting From Blue Box 2019/11/13
$SPY price action is in alignment with US 2020 Elections or Impeachment debate 2019/11/13
FXC Canadian Dollar Trust Long Term Cycles & Elliott Wave 2019/11/05
Elliott Wave View: Google (GOOGL) Looking Higher into $1561 Area 2019/10/31
$SPY Expanded Flat, Déjà Vu All Over Again 2019/10/31
Goldman Sachs (NYSE : GS) Bulls Aiming for Strong Rally 2019/10/31
Rallies In Lufthansa Stock Should Fail For More Downside 2019/10/23
​ Boeing Stock is Showing Why 2009 Cycle Is Still Alive in SPY 2019/10/23
GBPNZD and GBPAUD Elliott Wave Outlook in Crucial Brexit Final Weeks 2019/10/23
USDMXN: Multi Year Consolidation Should Break Lower 2019/10/18
GBPAUD : Watching for Possible Selling Opportunities 2019/10/15
​ Poundsterling Soars as UK and Irish Leaders Find Pathway to Brexit Deal 2019/10/15
Walmart (NYSE: WMT) Bull Run Leads the Market 2019/10/15
Palladium: Buying Elliott Wave 4 Dip in Blue Box 2019/10/15
USO United States Oil Fund Longer Term Cycles & Elliott Wave 2019/10/09
Xilinx (NASDAQ: XLNX) Another Buying Opportunity 2019/10/09
S&P 500 (SPX) Outlook in the Week of U.S – China Trade Talk 2019/10/09
FXY Longer Term Cycles & Elliott Wave 2019/10/09
$SPY: Elliott Wave Impulse Simple Rule Imply Bulls are Still in Control 2019/10/04
Seabridge Gold Analysis: Stock Should Remain Supported 2019/10/02

Analysts

  • Eric Morera

    Chief Currency Strategist and Partner
  • Daud Bhatti

    Senior Technical Analyst and Partner
  • Hendra Lau

    Senior Technical Analyst
Eric Morera

EURGBP Elliott Wave: Pair May Find Buyers Soon

EURGBP Elliott Wave: Pair May Find Buyers Soon March 29, 2020 By Bank of England (BOE) decided to leave interest rate unchanged at a record low of 0.1% last week. This allows EURGBP to correct from seven month highs. After reaching the high at 0.95, EURGBP pulled back to 0.89 after BOE injected liquidity into the market The BOE has already cut the interest rate by 65 basis point in two emergency announcements. It has also added 200 billion pounds ($239 billion) to its quantitative-easing target. British Pound was previously under selling pressure from the prior weeks as investors worr...

Eric Morera

$CA : Carrefour stock struggling with lack of space

$CA : Carrefour stock struggling with lack of space March 29, 2020 By The weekly technical structure of the Carrefour stock price is a good example of a market correction struggling with the lack of space.  Hereby, we observe a situation where the price extends lower in a of multiple cycle degrees. However, the view of the bottom line forces the stock price into a truncation. If it would extend in a usual way, Carrefour stock would dive below zero which is not possible. Technically, it can become zero which would mean the end of the french supermarket chain founded 1960 in Annecy. 19...

Eric Morera

CADJPY May See More Downside After BOC Cut Rates

CADJPY May See More Downside After BOC Cut Rates March 30, 2020 By On Friday, Bank of Canada (BOC) made another rate cut for the third time this month. The central bank lowered the interest rate by 50 basis points to 0.25%. This unscheduled rate cut is intended to provide support to the financial system and the economy during the COVID-19 pandemic. Prior to the cut, Canada has the highest rate among G7 countries. The central bank also announced two new programs: the Commercial Paper Purchase Program and the purchase of Canadian government securities in the secondary market. The governm...

Eric Morera

EURGBP : Will the Pair Bounce Higher?

EURGBP : Will the Pair Bounce Higher? March 30, 2020 By EURGBP Technical Analysis March 30/2020 EURGBP : There are clear visible bullish market patterns on the 1 hour chart but traders will still need to wait for more confirmation that a bottom will form and for price to bounce higher. Bullish AB=CD pattern triggers BUYS in the BC 1.27-1.618 Fib. levels. Price has already reached the 1.27 minimum Fib. level and have yet to see if this will be enough for the pair to bounce higher. If price moves below the BC 1.618 level then the bullish AB=CD pattern is invalidated. Another signal that...

Eric Morera

$FP : Pattern of Total stock can be the key for investors

$FP : Pattern of Total stock can be the key for investors March 30, 2020 By Total SA is traded under tickers $FP @ Euronext and $TOT @ NYSE. It is of particular interest today as the world indices are dropping in a straight down mode. Hereby, Total may provide clues to identify the turning point in indices as it shows a pattern with the textbook quality. Since stocks are always bullish in their nature, correct determination of a corrective pattern may be used by investors as a key to enter the market at a reasonable price. Total Weekly Elliott Wave Analysis 03.31.2020 Weekly chart be...

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 as in the period between 10.2008 – 4.2011, both Gold and Silver price rallied. Conversely, when the ...

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 sequence & the structure of the bounce looked impulsive rather then corrective sequence. Thus sugge...

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

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 who issue it. Once the gold standard was dropped, countries began printing more of their own currency. T...

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 bullish perspective due to our Elliott Wave analysis. Our count suggested an ending diagonal cycle waiting...

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 real market example of Expanded Flat, let’s explain the pattern in a few words. is a 3 wave corrective...

Eric Morera

EURJPY Elliott Wave Analysis Update 6.29.2017

​EURJPY the near term cycle from June 15 low is showing 5 waves impulsive sequence, favoring more upside in the pair as far as trading above 6/15 low 122.3

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

Hendra Lau

BABA Elliott Wave View: Found Buyers in Blue Box and Rallied

BABA Elliott Wave View: Found Buyers in Blue Box and Rallied   In this blog, we will have a look at some recent short-term Elliott Wave charts of BABA which we presented to our members in the past. Below, you see the 1-hour updated chart presented to our clients on the 08/19/18 indicating that BABA ended the cycle from 06/05 low in blue wave (IV). BABA ended the long-term cycle in blue wave (III), at the high of around 212 (06/05 peak). Below from there, it started a pullback lower in blue wave (IV). The pullback proposed to unfolded as an . After reaching the equal from 06/05 towards t...

Hendra Lau

Market Participants Betting on Nafta Deal between US and Canada

The Canadian Dollar strengthened to a two month high against US Dollar earlier this week. Market participants seem to bet on possible inclusion of Canada in a new Nafta pact. The U.S. has just concluded a successful bilateral talk with Mexico on Monday. Under the new agreement, cars need to have 75% of their content originate in the U.S and Mexico. The current Nafta requires 62.5% originate within North America. Under the new deal, 40-45% of auto content need to be made by workers who make more than $16 per hour, favoring the U.S. and Canada. President Trump has threatened to put 25% tariffs ...

Eric Morera

EURGBP Elliott Wave: Pair May Find Buyers Soon

EURGBP Elliott Wave: Pair May Find Buyers Soon March 29, 2020 By Bank of England (BOE) decided to leave interest rate unchanged at a record low of 0.1% last week. This allows EURGBP to correct from seven month highs. After reaching the high at 0.95, EURGBP pulled back to 0.89 after BOE injected liquidity into the market The BOE has already cut the interest rate by 65 basis point in two emergency announcements. It has also added 200 billion pounds ($239 billion) to its quantitative-easing target. British Pound was previously under selling pressure from the prior weeks as investors worr...

Eric Morera

$CA : Carrefour stock struggling with lack of space

$CA : Carrefour stock struggling with lack of space March 29, 2020 By The weekly technical structure of the Carrefour stock price is a good example of a market correction struggling with the lack of space.  Hereby, we observe a situation where the price extends lower in a of multiple cycle degrees. However, the view of the bottom line forces the stock price into a truncation. If it would extend in a usual way, Carrefour stock would dive below zero which is not possible. Technically, it can become zero which would mean the end of the french supermarket chain founded 1960 in Annecy. 19...

Eric Morera

CADJPY May See More Downside After BOC Cut Rates

CADJPY May See More Downside After BOC Cut Rates March 30, 2020 By On Friday, Bank of Canada (BOC) made another rate cut for the third time this month. The central bank lowered the interest rate by 50 basis points to 0.25%. This unscheduled rate cut is intended to provide support to the financial system and the economy during the COVID-19 pandemic. Prior to the cut, Canada has the highest rate among G7 countries. The central bank also announced two new programs: the Commercial Paper Purchase Program and the purchase of Canadian government securities in the secondary market. The governm...

Eric Morera

EURGBP : Will the Pair Bounce Higher?

EURGBP : Will the Pair Bounce Higher? March 30, 2020 By EURGBP Technical Analysis March 30/2020 EURGBP : There are clear visible bullish market patterns on the 1 hour chart but traders will still need to wait for more confirmation that a bottom will form and for price to bounce higher. Bullish AB=CD pattern triggers BUYS in the BC 1.27-1.618 Fib. levels. Price has already reached the 1.27 minimum Fib. level and have yet to see if this will be enough for the pair to bounce higher. If price moves below the BC 1.618 level then the bullish AB=CD pattern is invalidated. Another signal that...

Eric Morera

$FP : Pattern of Total stock can be the key for investors

$FP : Pattern of Total stock can be the key for investors March 30, 2020 By Total SA is traded under tickers $FP @ Euronext and $TOT @ NYSE. It is of particular interest today as the world indices are dropping in a straight down mode. Hereby, Total may provide clues to identify the turning point in indices as it shows a pattern with the textbook quality. Since stocks are always bullish in their nature, correct determination of a corrective pattern may be used by investors as a key to enter the market at a reasonable price. Total Weekly Elliott Wave Analysis 03.31.2020 Weekly chart be...

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 Select SPDR (XLE) which is an Exchange Traded Fund (ETF) that tracks the Energy Sector Index and the fu...

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 Federal Reserve Bank of Dallas Governor Kaplan further added the Fed may hike rates in September if jo...

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 expert analysts, market overview, and much more!

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