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

Elliott Wave Analysis On NZDUSD And EURGBP

NZDUSD

On the NZDUSD we are observing a nice three wave move taking place, probably a corrective move in the making. As we see price touched the 78.6 Fibonacci ratio, which could serve as a resistance and a turning point lower. Therefore recent downfall could mean that more weakness could be in store.

NZDUSD, 1H

NZD/USD 1-Hour Chart


EURGBP

On the 1H chart of EURGBP, we are looking at a higher degree correction taking place in the A-B-C manner. As we see waves A) and B) are already completed, and recent drop from wave B) highs could be the start of a new five wave move in final wave C) of 4-circled. If that is the case, then more weakness may follow in seasons to come, but with temporary corrective retracements.

EURGBP, 1H

EUR/GBP 1-Hour Chart

 


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

 

Back to homepage

Leave a comment

Leave a comment