• 11 hours The True Cost Of Opportunity In America
  • 17 hours Why Investors Shouldn't Ignore Gold Stocks
  • 1 day Facebook Scrubs Over 2 Billion Fake Accounts
  • 2 days Dow Scrambles To Avoid Fifth Straight Weekly Loss
  • 2 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
  • 3 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
  • 4 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
  • 5 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?
Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On GBPUSD And USDCAD

GBPUSD

US markets are open for trading. GBPUSD is going down and we need to see a break of 1.4523 for further decline since we will invalidate the possibility of more immediate upside. Possibly if we break this levels we will trace out black wave 1 and have an ABC pullback in the black wave 2.

GBPUSD, 1H

GBP/USD 1-Hour Chart


USDCAD

USDCAD is in the impulsive move up but still not completed. We see more upside to the highs in the black wave 3 around 1.3200 levels, before pair may turn down for a correction in blue wave iv. Blue wave iv may then find some support at the upper trendline and change it's direction towards wave v of 3. Today we also have CPI in Canada which can move this pair and add some volatility.

USDCAD, 1H

USD/CAD 1-Hour Chart

 


Interested in our services ? We have a Special Offer : Get First 2 Months For The Price Of 1!! Grab the opportunity now at www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment