• 718 days Will The ECB Continue To Hike Rates?
  • 719 days Forbes: Aramco Remains Largest Company In The Middle East
  • 720 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,120 days Could Crypto Overtake Traditional Investment?
  • 1,125 days Americans Still Quitting Jobs At Record Pace
  • 1,127 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,130 days Is The Dollar Too Strong?
  • 1,130 days Big Tech Disappoints Investors on Earnings Calls
  • 1,131 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,133 days China Is Quietly Trying To Distance Itself From Russia
  • 1,133 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,137 days Crypto Investors Won Big In 2021
  • 1,137 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,138 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,140 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,141 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,144 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,145 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,145 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,147 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

AUDUSD and GBPUSD Intraday: Elliott Wave Analysis

It does not matter much if it's wave 1 or wave A, but when you have five waves from the low you know that something is changing and that market will move in current direction in minimum three legs. Well, rally from AUDUSD from 0.85377 is in five waves and overlapping; it was a leading diagonal that puts low in place for Aussie. As such, be aware of more gains after wave 2/B retracement. There is also a gap from Nov 2nd, 60 pips higher, that could act as a resistance in current wave 1/A.

AUDUSD 1h Elliott Wave Analysis

AUDUSD 1-Hour Elliott Wave Analysis Chart

GBPUSD is at the lows, now in fifth wave of an impulsive decline from 1.5939 so pair could look for a temporary support and bounce in three legs in the next few sessions, especially if we consider that wave v) must not be longer than wave iiii). Notice that wave i) was extended. So ideally we will get a bounce ahead of 1.5701.

GBPUSD 1h Elliott Wave Analysis

GBPUSD 1-Hour Elliott Wave Analysis Chart

 


Subscribe Our Newsletter If you already haven't >> http://goo.gl/8QVevl

 

Back to homepage

Leave a comment

Leave a comment