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

$CAC40 : French Stock Market Index is Looking Higher

$CAC40 : French Stock Market Index is Looking Higher July 8, 2020 By CAC40 is a French stock market index representing a capitalization-weighted measure of the 40 most significant stocks on the Euronext Paris; the ticker is $PX1. The drop in indices in February-March 2020 which many still relate to COVID-19 events has marked most probably a significant low in world indices. It seems like CAC40 has also found its bottom on march lows at 3622.5 and is now looking higher. CAC40 Weekly Elliott Wave Analysis 07.08.2020 The weekly chart below shows the CAC40 index $PX1 listed at Euronext. ...

Eric Morera

Draftkings Inc. ($DKNG) Room For More Upside

Draftkings Inc. ($DKNG) Room For More Upside July 8, 2020 By The Corona Virus has had its toll on the marketplace in general. But some select names have remained resilient through the decline, DraftKings is one of those names.  Draftkings went public on April 24/2020.  The announcement was made in December 2019 of a reverse takeover of an already public company.  Prices reacted to that news in December 2019 before the company went public.  So I am including that data on the chart, and in the overall count.  Lets take a look at the company profile: “DraftKings is an American daily fant...

Eric Morera

JP Morgan Chase ( NYSE: JPM) Soon Will Define The Path

JP Morgan Chase ( NYSE: JPM) Soon Will Define The Path July 7, 2020 By JPM Chase & Corporation, as many World Indices is showing an incomplete impulse since the all-time lows. The Instrument is showing a Grand Super Cycle propose which is showing a wave (I) ending at 2000 peak. Then a nine years correction into 2009 lows and an amazing reaction higher since until this year peak. If we count the swings since the all-time lows it comes at this moment with an eleven swing count, and currently in swing twelve. An impulse sequence comes as 5-9-13-17, which makes the upside still more like...

Eric Morera

$SMH Semiconductors Long Term Cycles & Elliott Wave

$SMH Semiconductors Long Term Cycles & Elliott Wave July 7, 2020 By $SMH Semiconductors Long Term Cycles & Elliott Wave Firstly as seen on the monthly chart shown below. There is data back to May 2000 in the ETF fund. Data suggests the fund made a low in November 2008. This low has not been taken out in price. The cycles in this instrument tends to reflect the Nasdaq index fairly well however it has a larger degree difference in that the Nasdaq made a low to correct the cycle from the all time lows in October 2002 compared to the all time low made in November 2008 in the SMH semicondu...

Eric Morera

EEM Emerging Markets Getting Ready For A Big Move.

EEM Emerging Markets Getting Ready For A Big Move. July 7, 2020 By EEM (The Emerging Market ETF) could be getting ready for a huge move higher. The ETF has been sideways since the peak in 2007.  EEM looks weaker when compared to the rest of the World Indices because of its inability to break above the 2007 highs, whereas almost every indices have already broken above that high.  While there is still a possibility to break lower below the (b) low at 11.2008, it is hard to forecast that path due to the constructive price action since the lows. Every dips that occurred have been bought af...

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

$CAC40 : French Stock Market Index is Looking Higher

$CAC40 : French Stock Market Index is Looking Higher July 8, 2020 By CAC40 is a French stock market index representing a capitalization-weighted measure of the 40 most significant stocks on the Euronext Paris; the ticker is $PX1. The drop in indices in February-March 2020 which many still relate to COVID-19 events has marked most probably a significant low in world indices. It seems like CAC40 has also found its bottom on march lows at 3622.5 and is now looking higher. CAC40 Weekly Elliott Wave Analysis 07.08.2020 The weekly chart below shows the CAC40 index $PX1 listed at Euronext. ...

Eric Morera

Draftkings Inc. ($DKNG) Room For More Upside

Draftkings Inc. ($DKNG) Room For More Upside July 8, 2020 By The Corona Virus has had its toll on the marketplace in general. But some select names have remained resilient through the decline, DraftKings is one of those names.  Draftkings went public on April 24/2020.  The announcement was made in December 2019 of a reverse takeover of an already public company.  Prices reacted to that news in December 2019 before the company went public.  So I am including that data on the chart, and in the overall count.  Lets take a look at the company profile: “DraftKings is an American daily fant...

Eric Morera

JP Morgan Chase ( NYSE: JPM) Soon Will Define The Path

JP Morgan Chase ( NYSE: JPM) Soon Will Define The Path July 7, 2020 By JPM Chase & Corporation, as many World Indices is showing an incomplete impulse since the all-time lows. The Instrument is showing a Grand Super Cycle propose which is showing a wave (I) ending at 2000 peak. Then a nine years correction into 2009 lows and an amazing reaction higher since until this year peak. If we count the swings since the all-time lows it comes at this moment with an eleven swing count, and currently in swing twelve. An impulse sequence comes as 5-9-13-17, which makes the upside still more like...

Eric Morera

$SMH Semiconductors Long Term Cycles & Elliott Wave

$SMH Semiconductors Long Term Cycles & Elliott Wave July 7, 2020 By $SMH Semiconductors Long Term Cycles & Elliott Wave Firstly as seen on the monthly chart shown below. There is data back to May 2000 in the ETF fund. Data suggests the fund made a low in November 2008. This low has not been taken out in price. The cycles in this instrument tends to reflect the Nasdaq index fairly well however it has a larger degree difference in that the Nasdaq made a low to correct the cycle from the all time lows in October 2002 compared to the all time low made in November 2008 in the SMH semicondu...

Eric Morera

EEM Emerging Markets Getting Ready For A Big Move.

EEM Emerging Markets Getting Ready For A Big Move. July 7, 2020 By EEM (The Emerging Market ETF) could be getting ready for a huge move higher. The ETF has been sideways since the peak in 2007.  EEM looks weaker when compared to the rest of the World Indices because of its inability to break above the 2007 highs, whereas almost every indices have already broken above that high.  While there is still a possibility to break lower below the (b) low at 11.2008, it is hard to forecast that path due to the constructive price action since the lows. Every dips that occurred have been bought af...

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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