• 807 days Will The ECB Continue To Hike Rates?
  • 807 days Forbes: Aramco Remains Largest Company In The Middle East
  • 809 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,209 days Could Crypto Overtake Traditional Investment?
  • 1,214 days Americans Still Quitting Jobs At Record Pace
  • 1,216 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,219 days Is The Dollar Too Strong?
  • 1,219 days Big Tech Disappoints Investors on Earnings Calls
  • 1,220 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,222 days China Is Quietly Trying To Distance Itself From Russia
  • 1,222 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,226 days Crypto Investors Won Big In 2021
  • 1,226 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,227 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,229 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,230 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,233 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,234 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,234 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,236 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…

  1. Home
  2. Markets
  3. Other

GBPUSD and EURUSD Look For Correction On Intraday

Despite recent decline and test of Fridays low we suspect that wave 4) correction is still unfolding. Ideally we will see an A-B-C rally up into one of resistance levels before market turns down again, through 1.5000.

GBPUSD 1h Elliott Wave Analysis

GBPUSD 1-hour Elliott Wave Analysis Chart

EURUSD is at the lows, now at equality level of wave 5 compared to wave 1 where an extended red wave 3) could be looking for some support. From an Elliott Wave perspective we expect a three wave rally up in red wave 4) in the next couple of days, but need to see a decisive break above the upper line of a downward channel to confirm that temporary lows are in.

EURUSD 1h Elliott Wave Analysis

EURUSD 1-Hour Elliott Wave Analysis Chart

 

 

Back to homepage

Leave a comment

Leave a comment