• 12 hours Trump Was Right About The Dollar
  • 15 hours Is Silver Gearing Up For A Rally?
  • 18 hours World’s Largest Hedge Fund Turns Bullish On Gold
  • 20 hours It’s Time To Spend More On Clean Energy R&D
  • 1 day Contrarian Investors Are Beating The Stock Market
  • 2 days Bulgaria’s Revenue Agency Falls Victim To Biggest Cyber Heist In History
  • 2 days Amazon Faces European Union Anti-Trust Probe
  • 2 days Commodities Are Having A Stellar Year
  • 2 days Bezos’ Next Big Project Could Be Worth $100 Billion Per Year
  • 3 days 3,600 Years Later, Climate Change Turns Mammoths Into $40M Market
  • 3 days Tesla, Apple Claim China Is Stealing Intellectual Property
  • 3 days EV Giants Duke It Out For Battery Dominance
  • 4 days Tech Billionaire Takes Aim At Google
  • 4 days Chinese Police Bust Largest Ever Illicit Crypto Mining Operation
  • 4 days Expect A Pullback Before Gold's Next Major Rally
  • 4 days Why Interest On Gold Matters
  • 4 days Ten Extravagant Food Items For The Wealthy Only
  • 5 days Why Saudi Arabia Won't Give Up On The Aramco IPO
  • 5 days $32 Million Crypto Heist Halts Tokyo Exchange
  • 6 days Is A Gold Selloff Looming?
Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

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

USD keeps trading across the board now making new highs against GBP and making five waves down on cable from 1.4663. This is a very important reversal pattern that should cause more weakness in sessions ahead, but after a bounce up into wave 2 that will look for a resistance near 1.3505. This one is looking very interesting for shorts while invalidation level is not breached.

GBPUSD, 1H

GBP/USD 1-Hour Chart


USDCAD

USDCAD is at new high, now moving towards 200% Fibonacci level or even up to second Fib. level placed at 1.3270 where gains may slow down as black wave 3 can be coming to an end. However, any downward retracement will be temporary and in three waves within ongoing uptrend that should stay in play as long as 1.2962 invalidation is not breached.

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