• 10 hours Trade In Counterfeit Goods Hits Half A Trillion Dollars
  • 16 hours Tesla Struggles To Compete In European Market
  • 1 day China: The New King Of Caviar
  • 2 days Gold Mid-Tiers Rally On Fresh Earnings Reports
  • 2 days Can The British Pound Overcome Brexit?
  • 3 days Is A Gold Breakout Near?
  • 3 days Federal Reserve Downgrades U.S. Growth And Cuts Rate Hikes
  • 4 days Disney Beats Out Comcast In $71.3B Mega-Merger
  • 4 days The Feds Continue To Prop Up Equities Markets
  • 4 days Bejing's Sway In South China Sea Is Fading
  • 4 days Saudis Eye Billions As Stocks Get Emerging Market Boost
  • 5 days Airbnb In Acquisition Mode Ahead Of IPO
  • 5 days Gold Hangs At $1,300 Ahead Of Fed Meeting
  • 5 days Champagne Sales Slow As European Economic Worries Grow Louder
  • 5 days Putin Signs “Digital Iron Curtain” Into Law
  • 6 days Russian Metals Magnate Sues U.S. Over Sanctions
  • 6 days Tesla Looks To Jump Into Indian Market
  • 6 days Global Banks Lay Groundwork To Re-Inflate Asset Prices
  • 6 days Homeowners Experiment With Risky New Investment Trend
  • 7 days U.S. Tech Stocks Look Increasingly Vulnerable
Trade In Counterfeit Goods Hits Half A Trillion Dollars

Trade In Counterfeit Goods Hits Half A Trillion Dollars

The counterfeit market has breached…

Tesla Struggles To Compete In European Market

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On GBPUSD And Crude OIL

GBPUSD

On GBPUSD we can see a strong decline from 1.3373 high which is a clear impulsive structure, but traders should not fall in love with this weakness too much, as we see decline in final stages of wave C) of a big corrective set-back. That said, weakness can be limited this week, but short-term traders may still see a leg down to 1.2950 area before intraday trend turns to the bullish side.

GBPUSD, 1H

GBP/USD 1-Hour Chart


Crude OIL

Crude oil is trading sharply higher for the last few days, so energy might have finally bottomed if we consider an impulsive structure in progress on intraday chart. On 30min we are looking at wave three of three that can be headed up to 43.00 area from where market may see a minor corrective set-back before uptrend resumes to much higher levels. We see this market now in bullish mode as long as 41.80 level is now breached.

Crude OIL, 30Min

Crude Oil 30-Minute Chart

 


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

 

Back to homepage

Leave a comment

Leave a comment