• 9 hours Contrarian Investors Are Beating The Stock Market
  • 12 hours Bulgaria’s Revenue Agency Falls Victim To Biggest Cyber Heist In History
  • 15 hours Amazon Faces European Union Anti-Trust Probe
  • 17 hours Commodities Are Having A Stellar Year
  • 1 day Bezos’ Next Big Project Could Be Worth $100 Billion Per Year
  • 1 day 3,600 Years Later, Climate Change Turns Mammoths Into $40M Market
  • 2 days Tesla, Apple Claim China Is Stealing Intellectual Property
  • 2 days EV Giants Duke It Out For Battery Dominance
  • 2 days Tech Billionaire Takes Aim At Google
  • 2 days Chinese Police Bust Largest Ever Illicit Crypto Mining Operation
  • 3 days Expect A Pullback Before Gold's Next Major Rally
  • 3 days Why Interest On Gold Matters
  • 3 days Ten Extravagant Food Items For The Wealthy Only
  • 4 days Why Saudi Arabia Won't Give Up On The Aramco IPO
  • 4 days $32 Million Crypto Heist Halts Tokyo Exchange
  • 5 days Is A Gold Selloff Looming?
  • 5 days Central Banks Are Stashing Gold And Dumping Treasuries
  • 6 days Three Cannabis Trends Flying Under Investors’ Radars
  • 6 days $1.3 Billion In Cocaine Found On JPMorgan Vessel
  • 6 days Amazon Teams Up With Lady Gaga To Win Over Generation Z
Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On AUDUSD And SP500

AUDUSD

Aussie is moving higher, now at a new high of the day so we see price in wave five, final leg of an impulsive wave C that can be looking for a top at 0.7550-0.7600 area. Ideally, pair will turn south in impulsive fashion from there and fall beneath 0.7492 which should put pair back in bearish mode.

AUDUSD, 1H

AUD/USD 1-Hour Chart


S&P500

E-mini S&P500 is in a fourth wave, but seems like we have to deal with a triangle formation after current turn up that looks like a wave D. Triangles are continuations patterns so we think that more gains should follow after wave E pullback. We definitely stay bullish on US stocks, and will look for rally up to to 2180/2190 area in days ahead.

S&P500, 1H

S&P500 1-Hour Chart

 


Interested in our services ? Visit our page at www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment