• 17 hours The True Cost Of Opportunity In America
  • 23 hours Why Investors Shouldn't Ignore Gold Stocks
  • 2 days Facebook Scrubs Over 2 Billion Fake Accounts
  • 2 days Dow Scrambles To Avoid Fifth Straight Weekly Loss
  • 3 days Is This The World’s First Truly Democratic Stock Exchange?
  • 3 days India’s Wealthiest Set To Hold $23 Trillion By 2028
  • 3 days First Quarter Profits Slip For World's Top Oil Companies
  • 3 days The Yuan May Be China's Biggest Weakness
  • 4 days Hedge Funds Having A Banner Year
  • 4 days Disney Heiress Asks “Is There Such A Thing As Too Much?”
  • 4 days BHP Turns Bullish On EVs
  • 4 days Investors Turn Bullish On America’s Nuclear Decommissioning Business
  • 5 days The $90M Inflatable Rabbit Redefining Modern Art
  • 5 days Huawei’s Fate In The Air
  • 5 days Tesla Slashes Prices Again
  • 5 days The Modern History Of Financial Entropy
  • 6 days Italy’s Central Bank Embraces Sustainable Investing
  • 6 days Trump Lifts Metals Tariffs To Cool Simmering Trade War
  • 6 days Researchers Push To Limit Space Mining
  • 6 days Could China Start Dumping U.S. Treasury Bonds?
Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

  1. Home
  2. Markets
  3. Other

EURUSD Looking For Support, Crude OIL Trapped Inside A Triangle

Crude Oil is moving higher today, but still not ready to break the highs as we see price in subwave c of wave d) that is part of a triangle. Usually wave d) will find resistance near 78.6% Fibo level compared to wave c) which comes in just beneath the trendline connected from May highs. As such, we suspect that current gains will be limited there as wave e) still needs to unfold before we may look higher later this week.

CRUDE OIL (July 2015) 1h Elliott Wave Analysis

CRUDE OIL (July 2015) 1-Hour Elliott Wave Analysis Chart

EURUSD is making a nice retracement from latest swing high, but for now only with three waves that can represent wave (iv) as part of incomplete bullish impulse. As such, bounce back to the highs may follow in sessions ahead, so keep an eye on red wave b) swing high. If broken then rally may follow up to around 1.1400. Further weakness today, back to 1.1136 will invalidate the count.

EU89RUSD 30min Elliott Wave Analysis

EU89RUSD 30-Minute 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

 

Back to homepage

Leave a comment

Leave a comment