• 755 days Will The ECB Continue To Hike Rates?
  • 755 days Forbes: Aramco Remains Largest Company In The Middle East
  • 757 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,157 days Could Crypto Overtake Traditional Investment?
  • 1,162 days Americans Still Quitting Jobs At Record Pace
  • 1,163 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,167 days Is The Dollar Too Strong?
  • 1,167 days Big Tech Disappoints Investors on Earnings Calls
  • 1,168 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,169 days China Is Quietly Trying To Distance Itself From Russia
  • 1,170 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,174 days Crypto Investors Won Big In 2021
  • 1,174 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,175 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,177 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,177 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,181 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,182 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,182 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,184 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis For EURUSD and GBPUSD

EURUSD has turned bullish at start of the month from 1.3670 where we called end of a double zigzag. From there market recovered clearly in impulsive fashion through the upper trendline of a corrective channel which is very important sign for a change in trend. In fact. even a decline from latest swing high is in three legs at the moment and approaching 61.8% Fibonacci level where we expect a new turn to the upside. Ideally market will revisit 1.3900 in this week, while 1.3671 low is now breached.

EURUSD 4h Elliott Wave Analysis

EURUSD 4h Elliott Wave Analysis

Cable is trading sideways for the last few days and moving slightly away from the highs. However, we see pullback as corrective wave B) that is part of ongoing uptrend. Therefore we expect a resumption of a bullish trend soon; ideally in the next 24 hours so traders should be aware of a push up in wave C) of (5) towards 1.6900-1.6700 region. Only move beneath 1.6657 would be a trend changer.

GBPUSD 4h Elliott Wave Analysis

GBPUSD 4h Elliott Wave Analysis


 

Interested in our analysis? Get now 1 month of full service for just 1€. http://www.ew-forecast.com/service

 

Back to homepage

Leave a comment

Leave a comment