• 5 hours Solving Transportation’s Biggest Problem
  • 8 hours Big Banks Could Win Big On Fed Small Business Bailout
  • 9 hours Trump Increases Pressure On Venezuela
  • 13 hours Researchers Create Organic Battery
  • 1 day Gold Is Still A Safe Haven, But Not Very Alluring
  • 1 day China Is Buying Up Billions Of Barrels Of Cheap Crude Oil
  • 2 days Are Gold Stocks Going To Bounce Back?
  • 2 days The Politics Of A Pandemic
  • 4 days What Does CHina’s EV Slowdown Mean For The Battery Metals Sector?
  • 4 days COVID Report Cards Will Brand Businesses Forever
  • 4 days Trump Tweet Sends Oil Soaring 25%
  • 5 days Why The Coronavirus Economic Crash Is Worse Than You Think
  • 6 days Is A Global Currency Necessary?
  • 6 days America Has Shed 500,000 Millionaires Since The Coronavirus Lockdown Began
  • 6 days Trump Wants Another $2 Trillion Economic Intervention
  • 7 days The Surprising Businesses Deemed “Essential” During The Coronavirus Lockdown
  • 7 days Priceless Van Gogh "Spring Garden" Painting Stolen
  • 7 days Oil Falls To $20 For First Time In Nearly Two Decades
  • 8 days COVID-19 Could Be The End Of U.S. Coal
  • 8 days How Much Does Your Social Security Number Cost? $4 On The Dark Web
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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…

Contact Author

  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