• 761 days Will The ECB Continue To Hike Rates?
  • 762 days Forbes: Aramco Remains Largest Company In The Middle East
  • 763 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,163 days Could Crypto Overtake Traditional Investment?
  • 1,168 days Americans Still Quitting Jobs At Record Pace
  • 1,170 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,173 days Is The Dollar Too Strong?
  • 1,173 days Big Tech Disappoints Investors on Earnings Calls
  • 1,174 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,176 days China Is Quietly Trying To Distance Itself From Russia
  • 1,176 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,180 days Crypto Investors Won Big In 2021
  • 1,180 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,181 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,183 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,184 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,187 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,188 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,188 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,190 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On AUDNZD And GBPJPY

AUDNZD

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.

AUDNZD, Daily

AUD/NZD Daily Chart


GBPJPY

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.

GBPJPY, Daily

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