• 8 hours $15,000 For Your Crypto’s Ticket To Visibility
  • 1 day The Next Fashion Frontier
  • 2 days What Is Africa’s Role In The New Silk Road?
  • 3 days Trump Was Right About The Dollar
  • 3 days Is Silver Gearing Up For A Rally?
  • 3 days World’s Largest Hedge Fund Turns Bullish On Gold
  • 3 days It’s Time To Spend More On Clean Energy R&D
  • 4 days Contrarian Investors Are Beating The Stock Market
  • 4 days Bulgaria’s Revenue Agency Falls Victim To Biggest Cyber Heist In History
  • 4 days Amazon Faces European Union Anti-Trust Probe
  • 4 days Commodities Are Having A Stellar Year
  • 5 days Bezos’ Next Big Project Could Be Worth $100 Billion Per Year
  • 5 days 3,600 Years Later, Climate Change Turns Mammoths Into $40M Market
  • 5 days Tesla, Apple Claim China Is Stealing Intellectual Property
  • 5 days EV Giants Duke It Out For Battery Dominance
  • 6 days Tech Billionaire Takes Aim At Google
  • 6 days Chinese Police Bust Largest Ever Illicit Crypto Mining Operation
  • 6 days Expect A Pullback Before Gold's Next Major Rally
  • 6 days Why Interest On Gold Matters
  • 7 days Ten Extravagant Food Items For The Wealthy Only
Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

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 EURGBP And SILVER


EURGBP

The US market is open for trading. On the 4h chart of EURGBP, we are observing a nice bearish cycle taking place, with price trading in its contra-trend part, the consolidation. As such, after this A-B-C correction is completed, price may reach lower levels in seasons to come. Currently we see price in its final leg C, near the possible reversal zone at 61.8 Fibonacci ratio.

EURGBP, 4H

EUR/GBP 4-Hour Chart


SILVER

Silver is still trading to the upside with red wave 3) now in progress. As a note for a fully completed impulse we need to see a five wave development unfold, meaning one more wave is needed for wave 3 to complete its run.

After wave 3 is finished, a corrective reaction may be around the corner in wave 4, with possible support seen around 20.30-20.50 area, from where new gains could follow.

SILVER, 4H

Silver 4-Hour Chart

 


Interested in our services? Visit our webpage now at www.ew-forecast.com and check more of our Analysis. You can even subscribe to our Twitter account -> @ewforecast

 

Back to homepage

Leave a comment

Leave a comment