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

  • 15 hours The $85B Merger That Could Change The Media Forever
  • 16 hours Why Are Governments Creating Their Own Cryptocurrencies?
  • 17 hours How Debt Cycles Impact Gold
  • 18 hours Investors Up the Ante In $1.5B Uber Loan Deal
  • 20 hours Are Gold Miners Poised For A Breakout?
  • 21 hours Is The "Crypto Winter“ Over?
  • 23 hours China Says It Doesn’t Fear Trade War
  • 2 days Twitter CEO: The World Will Have A Single Currency
  • 2 days Asian Currency Correction Could Signal Looming Crisis
  • 2 days Best Buy Drops Telecom Giant Over National Security Threat
  • 2 days The Pros And Cons Of The Federal Interest Rate Hike
  • 2 days Good News For Gold Bulls Despite Interest Rate Hike
  • 2 days Trump Hits China With $50 Billion In Tariffs
  • 2 days Russian Gold Reserves Hit Record High Amid Rising Tensions With West
  • 2 days Stocks Pull Back Following Interest Rate Hike
  • 3 days Will Regulatory Rollbacks Make Banks 'Too Big To Fail?'
  • 3 days Elon Musk’s $2.6 Billion Tesla Challenge
  • 3 days Tech Giants Could Be First Victims Of U.S. Trade War
  • 3 days Dow Gains Despite Fed’s Rate Hike
  • 3 days The Biggest Threat To Chinese Oil Futures
Stocks Pull Back Following Interest Rate Hike

Stocks Pull Back Following Interest Rate Hike

Fed's interest rate hike drove…

Economic Pressures Weigh On Banks And Borrowers

Economic Pressures Weigh On Banks And Borrowers

Banks and borrowers are under…

Economists Polarized On Trump’s Tariff Plan

Economists Polarized On Trump’s Tariff Plan

Economists are polarized on Trump’s…

Gregor Horvat

Gregor Horvat

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for…

More Info

Elliott Wave Analysis On AUDNZD And GBPJPY


US market is open for trading. Jobless claims came out in line with expectations in the US. On one of the pairs, AUDNZD we noticed a possible A)-B)-C) pullback that can be near completion in red wave C). We can count 5 waves up with an unusual spike, that completed wave A) and a three wave move in wave B) that developed. Now this higher degree zig-zag could be near completion, as we expect one more push down in the red wave C) and we will observe what will happen when price touches 1.03250-300 zone. We would like to see an impulsive wave up to unfold from this area, which could lead to a higher bullish sequence.


AUD/NZD Daily Chart


On the GBPJPY we are in the final stages of a higher degree impulsive wave, which can be near completion as we are tracking final wave 5). This final wave 5 may reach 127.180 region, where Fibonacci ratio of 200 can act as a support and a turning point higher. If for some reason sub-wave 4 trades into the territory of black wave 1, than we would adjust the final wave count.


GBP/JPY Daily 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

Sign Up For The Safehaven Newsletter