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. 

Eric Morera

Nasdaq Futures: Buying dips in Elliott Wave Blue Box

Nasdaq Futures: Buying dips in Elliott Wave Blue Box May 28, 2020 By Nasdaq Futures made a sharp decline yesterday before reacting higher strongly into the closing for the day. In this article, we would take a look at the charts we presented to clients yesterday and the blue box area we highlighted for 3 waves decline to end and buyers to appear for the rally to resume or a 3 waves bounce at least to take place. Blue Boxes are High-Frequency areas which are based in a relationship of sequences, cycles and calculated using extensions. We also call these areas no-enemy areas because majo...

Eric Morera

Regeneron Pharmaceuticals Inc ($REGN) More Upside In Store

Regeneron Pharmaceuticals Inc ($REGN) More Upside In Store May 27, 2020 By The next entry in the theme of Corona Virus stocks is Regeneron Pharmaceuticals Inc.  Regeneron is a Nasdaq-100 component, and has been one of the blue chips of Biotech for some time.  However, the outbreak has really given Regeneron the boost it needs to break out and continue its long term trend.  It remains very technical as with all other stocks that we cover.  So lets take a look at what they do as a company: “Regeneron (NASDAQ: REGN) is a leading biotechnology company that invents life-transforming medici...

Eric Morera

$EWC iShares MSCI Canada ETF Elliott Wave & Long Term Cycles

$EWC iShares MSCI Canada ETF Elliott Wave & Long Term Cycles May 27, 2020 By $EWC iShares MSCI Canada ETF Elliott Wave & Long Term Cycles Firstly the EWC instrument inception date was 3/12/1996. The iShares MSCI Canada ETF seeks to track the investment results of an index composed of large and mid-sized companies in Canada. This is of course reflected in the price. The best Elliott Wave reading of the long term cycles in $EWC iShares MSCI Canada ETF must presume some lower prices that did not exist prior to the ETF fund inception date. Shown on the monthly chart, the bullish cycle fr...

Eric Morera

Chipotle Mexican Grill (NYSE: CMG) – Target Around the Corner

Chipotle Mexican Grill (NYSE: CMG) – Target Around the Corner May 25, 2020 By Chipotle Mexican Grill (NYSE: CMG) has been able to adapt within the current  pandemic situation by adjusting its operations to handle digital orders and and made deliveries. Last week , the stock hit a record high, going over $1,000 per share for the first time and it’s currently up 125% since the March bottom. The technical outlook for CMG was strongly bullish since last year as CMG rallied into  by breaking above 2015 peak which created a bullish sequence with a minimum target at $965. The impulsive 5 wa...

Eric Morera

Inovio Pharmaceuticals Inc ($INO) Cycle Nearly Complete

Inovio Pharmaceuticals Inc ($INO) Cycle Nearly Complete May 21, 2020 By The next entry in the theme of Corona Virus stocks is Inovio Pharmaceuticals Inc.  Inovio has had a steady advance during the COVID-19 spreading worldwide.  It also remains very technical as with all other stocks. Lets take a look at what they do as a company: “The Inovio technology is based on inserting engineered DNA into cells where it becomes incorporated into proteins involved in the immune response to cancers and viruses by producing T cells and antibodies that aid recovery from infection. The technology can...

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

Nasdaq Futures: Buying dips in Elliott Wave Blue Box

Nasdaq Futures: Buying dips in Elliott Wave Blue Box May 28, 2020 By Nasdaq Futures made a sharp decline yesterday before reacting higher strongly into the closing for the day. In this article, we would take a look at the charts we presented to clients yesterday and the blue box area we highlighted for 3 waves decline to end and buyers to appear for the rally to resume or a 3 waves bounce at least to take place. Blue Boxes are High-Frequency areas which are based in a relationship of sequences, cycles and calculated using extensions. We also call these areas no-enemy areas because majo...

Eric Morera

Regeneron Pharmaceuticals Inc ($REGN) More Upside In Store

Regeneron Pharmaceuticals Inc ($REGN) More Upside In Store May 27, 2020 By The next entry in the theme of Corona Virus stocks is Regeneron Pharmaceuticals Inc.  Regeneron is a Nasdaq-100 component, and has been one of the blue chips of Biotech for some time.  However, the outbreak has really given Regeneron the boost it needs to break out and continue its long term trend.  It remains very technical as with all other stocks that we cover.  So lets take a look at what they do as a company: “Regeneron (NASDAQ: REGN) is a leading biotechnology company that invents life-transforming medici...

Eric Morera

$EWC iShares MSCI Canada ETF Elliott Wave & Long Term Cycles

$EWC iShares MSCI Canada ETF Elliott Wave & Long Term Cycles May 27, 2020 By $EWC iShares MSCI Canada ETF Elliott Wave & Long Term Cycles Firstly the EWC instrument inception date was 3/12/1996. The iShares MSCI Canada ETF seeks to track the investment results of an index composed of large and mid-sized companies in Canada. This is of course reflected in the price. The best Elliott Wave reading of the long term cycles in $EWC iShares MSCI Canada ETF must presume some lower prices that did not exist prior to the ETF fund inception date. Shown on the monthly chart, the bullish cycle fr...

Eric Morera

Chipotle Mexican Grill (NYSE: CMG) – Target Around the Corner

Chipotle Mexican Grill (NYSE: CMG) – Target Around the Corner May 25, 2020 By Chipotle Mexican Grill (NYSE: CMG) has been able to adapt within the current  pandemic situation by adjusting its operations to handle digital orders and and made deliveries. Last week , the stock hit a record high, going over $1,000 per share for the first time and it’s currently up 125% since the March bottom. The technical outlook for CMG was strongly bullish since last year as CMG rallied into  by breaking above 2015 peak which created a bullish sequence with a minimum target at $965. The impulsive 5 wa...

Eric Morera

Inovio Pharmaceuticals Inc ($INO) Cycle Nearly Complete

Inovio Pharmaceuticals Inc ($INO) Cycle Nearly Complete May 21, 2020 By The next entry in the theme of Corona Virus stocks is Inovio Pharmaceuticals Inc.  Inovio has had a steady advance during the COVID-19 spreading worldwide.  It also remains very technical as with all other stocks. Lets take a look at what they do as a company: “The Inovio technology is based on inserting engineered DNA into cells where it becomes incorporated into proteins involved in the immune response to cancers and viruses by producing T cells and antibodies that aid recovery from infection. The technology can...

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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