• 2 hours Huawei’s Fate In The Air
  • 5 hours Tesla Slashes Prices Again
  • 7 hours The Modern History Of Financial Entropy
  • 23 hours Italy’s Central Bank Embraces Sustainable Investing
  • 1 day Trump Lifts Metals Tariffs To Cool Simmering Trade War
  • 1 day Researchers Push To Limit Space Mining
  • 1 day Could China Start Dumping U.S. Treasury Bonds?
  • 2 days Is Winter Coming For HBO?
  • 2 days Rise Of EVs Signals Peak Gasoline
  • 3 days Jeff Bezos Doubles Down On Space Colonization Ambitions
  • 3 days Gold Mining Stocks Stuck In Limbo
  • 4 days Executive Order Targets Huawei Over Espionage
  • 4 days Why Now May Be The Best Time Ever To Hold Gold
  • 5 days Fake News Sinks Shares In UK-Based Bank
  • 5 days De Beers To Build $468 Million Diamond Recovery Ship
  • 5 days Moody's: Turkey Faces Possible Credit Downgrade
  • 5 days Tesla's Solar Sales Are Slipping
  • 6 days Auto Industry To Get Temporary Tariff Relief
  • 6 days Welcome To The World’s Biggest Free Trade Area
  • 6 days Central Banks Are Stockpiling Gold At The Fastest Rate In Half A Decade
Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On AUDJPY And GBPCAD

AUDJPY

AUDJPY is in pullback mode and it seems as a possible flat 3-3-5 corrective structure. The last part of our flat will ideally unfold in five waves and continue towards 88.20-88.8 area. This is an interesting pair to look for shorts in coming weeks since we also see AUDUSD trading in final stages of a correction.

AUDJPY, 1H

AUDJPY 1-Hour Elliott Wave Chart


GBPCAD

On the 4h chart of GBPCAD, we can also see pair trading in a pull-back structure, possibly in the last leg of a three wave correction in blue wave (ii). Ideally price will continue to the downside, where our upper channel line can react as a support. If our view is correct more gains can be expected next week.

GBPCAD, 4H

GBPCAD 4-Hour Elliott Wave Chart

 


If you like our trading analysis, you can visit our website at --> www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment