• 710 days Will The ECB Continue To Hike Rates?
  • 710 days Forbes: Aramco Remains Largest Company In The Middle East
  • 712 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,111 days Could Crypto Overtake Traditional Investment?
  • 1,116 days Americans Still Quitting Jobs At Record Pace
  • 1,118 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,121 days Is The Dollar Too Strong?
  • 1,121 days Big Tech Disappoints Investors on Earnings Calls
  • 1,122 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,124 days China Is Quietly Trying To Distance Itself From Russia
  • 1,124 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,128 days Crypto Investors Won Big In 2021
  • 1,129 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,129 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,132 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,132 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,135 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,136 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,136 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,138 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On GBPUSD And EURAUD

GBPUSD

GBPUSD found some support at that 1.4472 swing level as expected where first impulse down can be finished. As such, we have to be aware of a three wave recovery now back to around 1.4600-1.4650 area from where we will expect a new strong sell-off, ideally down into wave 3) while market is trading beneath 1.4768 high.

GBPUSD, 1H

GBP/USD 1-Hour Chart


EURAUD

EURAUD is moving nicely to the upside, possibly within a third wave now that can rally up to 1.5560 area this week. If that price will be reached while market is trading above 1.5131 then we may be even interested in longs after wave 4.

EURAUD, 4H

EUR/AUD 4-Hour Chart

 


Are you also wondering where is the GBPUSD headed long-term? We have special updates for active day traders. For more details, visit our page at www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment