"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 1 hour One Belt, One Road, One Direction for Precious Metals
  • 3 hours Vicious Trio Keeps Bitcoin in Chokehold
  • 5 hours How Infrastructure Is Driving A Commodity Boom
  • 6 hours What’s Really Happening With Venezuela’s “El Petro?”
  • 8 hours Gold Bull and Bear Markets
  • 24 hours 5 Big Drivers of Higher Inflation Rates Ahead
  • 1 day U.S. And China To Face Off Over Aramco IPO
  • 1 day Gold Bulls, Brace Yourselves – Fed Hikes Are Coming!
  • 1 day Stocks Fail to Hold Gains, But Still No Correction
  • 1 day Cryptojacking: A New Threat Vector To Critical Infrastructure
  • 2 days Why The Next Oil Boom Will Be Fueled By Blockchain
  • 2 days 5 Things Investors Should Know About China this New Year
  • 2 days Is The South Korean Crypto-Drama Finally Over?
  • 2 days Miners’ Rally? What Rally? Watch Out for More Fake Moves!
  • 2 days Four Percent 10-year Note Yield Will Be a Floor Not a Ceiling
  • 2 days The End Is Near
  • 3 days 5 Record Breaking Gemstones Even Billionaires Can’t Buy
  • 3 days Irredeemable Currency De-tooths Savers
  • 3 days CFTC Offers Bounty For Crypto Pump And Dump Whistleblowers
  • 3 days Have You Been Getting Run Over By This Stock Market Action?

Elliott Wave Analysis On EURUSD And SP500

EURUSD

As we see on the intraday chart of EURUSD, we can tell that pair will continue lower, as the lower channel line from Feb lows was broken. That said the complex correction of w-x-y is now completed and a five wave drop should continue to unfold, ideally towards 1.0943-1.0902, where some fibo. projection ratios are seen.

EURUSD, 1H

EURUSD 1-Hour Chart


S&P500

S&P500 is trading as expected, now already in a correction in red wave iv) that reached our fibo. projection ratio of 38.2 and could now ideally move to the upside into wave v). As we know, in this case, the fibo. ratio of 38.2 can react as a support and also a reversal. Seeing the bigger picture of EURUSD, pair can recach even 1989 area, before a pullback of a higher degree may occur.

S&P500, 30 Min

S&P500 30-Minute Chart

 


If you like our Elliott wave analysis, you can visit our site atàwww.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment




Don't Miss A Single Story