• 1 min Tesla Struggles To Compete In European Market
  • 18 hours China: The New King Of Caviar
  • 1 day Gold Mid-Tiers Rally On Fresh Earnings Reports
  • 2 days Can The British Pound Overcome Brexit?
  • 2 days Is A Gold Breakout Near?
  • 3 days Federal Reserve Downgrades U.S. Growth And Cuts Rate Hikes
  • 3 days Disney Beats Out Comcast In $71.3B Mega-Merger
  • 3 days The Feds Continue To Prop Up Equities Markets
  • 3 days Bejing's Sway In South China Sea Is Fading
  • 4 days Saudis Eye Billions As Stocks Get Emerging Market Boost
  • 4 days Airbnb In Acquisition Mode Ahead Of IPO
  • 4 days Gold Hangs At $1,300 Ahead Of Fed Meeting
  • 4 days Champagne Sales Slow As European Economic Worries Grow Louder
  • 5 days Putin Signs “Digital Iron Curtain” Into Law
  • 5 days Russian Metals Magnate Sues U.S. Over Sanctions
  • 5 days Tesla Looks To Jump Into Indian Market
  • 5 days Global Banks Lay Groundwork To Re-Inflate Asset Prices
  • 6 days Homeowners Experiment With Risky New Investment Trend
  • 6 days U.S. Tech Stocks Look Increasingly Vulnerable
  • 6 days De Beers To Expand World’s Most Profitable Diamond Mine
Lending: The Good, Bad, And Ugly

Lending: The Good, Bad, And Ugly

Aristotle said, “The most hated…

Tesla Struggles To Compete In European Market

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On Crude OIL And GBPJPY

Crude OIL

Crude Oil 1-Hour Chart

Crude oil is trading as planned, now making a nice impulsive decline from recent highs at 39.00, down into wave c) ideally towards 35.75-36.25 area, where a change in trend can occur. As we see wave c) is approaching fibo ratio of 38.2, which can react as a support into higher levels.

That said invalidation level is at-34.67, as long as it holds, we are looking bullish.


GBPJPY

GBPJPY 1-Hour Chart

On the GBPJPY pair, we see a nice looking five wave cycle from the lows, which seems to be near completion, as price turned down in recent sessions. If we are correct, and price continues to the downside, then we will assume that a three wave pullback will unfold, before more upside can be seen. Ideally this correction will continue to around 158-160 area, where previous wave iv of a minor degree, can react as a support into higher levels.

 


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