GBPUSD and SP500 - Post NFP Elliott Wave Analysis

By: Gregor Horvat | Fri, Sep 4, 2015
Print Email

GBPUSD is trading lower, but in fifth wave of decline within an extended black wave 3 which means that weakness can be limited. We however soon Fibonacci projections around 1.5150 where pair can be headed in the next few sessions, before market turns up for wave 4 pullback.

GBPUSD 1h Elliott Wave Analysis

GBPUSD 1-Hour Elliott Wave Analysis Chart

S&P500 futures is trading lower, now approaching 1900 level where breakthrough can cause a drop to around 1880 area, towards 1.0 Fibo projection level.

S&P500 (Sep 2015) 1h Elliott Wave Analysis

S&P500 (Sep 2015) 1-Hour Elliott Wave Analysis Chart

 


What Can You Get For 1€? At ew-forecast.com Try 1 Month Full Service >> http://www.ew-forecast.com/register
Want to receive more insights like these, free? We'd be happy to email them to you. Join our mailing list >> http://goo.gl/0KctEr

 


 

Gregor Horvat

Author: Gregor Horvat

Gregor Horvat
www.ew-forecast.com

Gregor Horvat

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and TheLFB.com. He also is founder of forex services on www.ew-forecast.com. EW-Forecast.com provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website: http://www.ew-forecast.com/

Copyright © 2013-2017 Gregor Horvat

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com