Elliott Wave Analysis On Silver And GBPUSD

By: Gregor Horvat | Wed, Jun 29, 2016
Print Email

SILVER

Silver is in the bullish structure from latest lows. Price almost completed five waves to the upside with nice subdivisions. Blue wave iii might complete around 18.60-70 region but we still need to see waves four and five to develop for the whole impulsive structure. Projected area for this impulse is around 261.8 level, where a new turn lower can occur.

Silver, 30Min

Silver 30-Minute Chart


GBPUSD

GBPUSD has made a triangle consolidation, which make us wonder if this move up is only a pullback. As we know triangle appears only in the fourth wave of an impulse or in wave b of a correction. So because of recent price data we believe price can continue higher towards 1.360 area, where a possible turning point can occur.

GBPUSD, 15Min

GBP/USD 15-Minute Chart

 


Interested in our services ? We have a Special Offer : Get First 2 Months For The Price Of 1!! Grab the opportunity now at www.ew-forecast.com

 


 

Gregor Horvat

Author: Gregor Horvat

Gregor Horvat
www.ew-forecast.com

Gregor Horvat

Grega is based in Slovenia and has been involved in markets since 2003. He is the owner of www.ew-forecast.com, but before that he was working for Capital Forex Group and TheLFB.com. His feature articles have been published on: SafeHaven.com, FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu, Insidefutures.com, etc. He recently won the award on FXStreet.com for Best Forex Analysis in 2016. At www.ew-forecast.com he helps clients and educate them about the Elliott wave prinicple and how to label and track unfolding patterns in real time.  His approach to the markets is mainly technical. He uses a lot of different methods when analyzing the markets such as candlestick patterns, MA, technical indicators etc. His specialty however is Elliott Wave Theory which could be very helpful especially if you know how to use it in combination with other tools/indicators.

EW-Forecast: To be involved in the market effectively, you need the right guidance and resources, and our team can help you to achieve that. Our team is providing advanced informations about Elliott Wave theory in real time. The Elliott Wave Principle gives you a method for identifying the behavior of the markets and at what points the market is most likely to turn. We help new traders who are interested in Elliott Wave theory to understand it correctly. We are doing our best to explain our views as simple as possible with educational goal, because knowledge itself is power!

Please be informed that information we provide ARE NOT trading recommendation or investment advice. All of our work is for educational purposes only.

Copyright © 2013-2017 Gregor Horvat

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