"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 3 hours The $85B Merger That Could Change The Media Forever
  • 4 hours Why Are Governments Creating Their Own Cryptocurrencies?
  • 5 hours How Debt Cycles Impact Gold
  • 6 hours Investors Up the Ante In $1.5B Uber Loan Deal
  • 8 hours Are Gold Miners Poised For A Breakout?
  • 10 hours Is The "Crypto Winter“ Over?
  • 12 hours China Says It Doesn’t Fear Trade War
  • 1 day Twitter CEO: The World Will Have A Single Currency
  • 1 day Asian Currency Correction Could Signal Looming Crisis
  • 1 day Best Buy Drops Telecom Giant Over National Security Threat
  • 1 day The Pros And Cons Of The Federal Interest Rate Hike
  • 1 day Good News For Gold Bulls Despite Interest Rate Hike
  • 1 day Trump Hits China With $50 Billion In Tariffs
  • 1 day Russian Gold Reserves Hit Record High Amid Rising Tensions With West
  • 1 day Stocks Pull Back Following Interest Rate Hike
  • 2 days Will Regulatory Rollbacks Make Banks 'Too Big To Fail?'
  • 2 days Elon Musk’s $2.6 Billion Tesla Challenge
  • 2 days Tech Giants Could Be First Victims Of U.S. Trade War
  • 2 days Dow Gains Despite Fed’s Rate Hike
  • 2 days The Biggest Threat To Chinese Oil Futures
Are Gold Miners Poised For A Breakout?

Are Gold Miners Poised For A Breakout?

Sooner or later, stock prices…

The Pros And Cons Of The Federal Interest Rate Hike

The Pros And Cons Of The Federal Interest Rate Hike

The United States Federal Reserve…

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…

More Info

Elliott Wave Analysis On GBPUSD And USDCAD


On the 1h chart of GBPUSD we are observing a nice little rally from red wave C) that can be bottoming. Reason for a potential bullish view is a five wave rise from the lows, which suggest that we should continue higher after any three waves of a setback, while price is trading above 1.2955 level.


GBP/USD 1-Hour Chart


On the intraday chart of USDCAD we are looking at a potential flat correction, with price trading in its final leg C. Wave C should be made by five waves which means we can expect more downside into 1.2950 area. An impulsive reaction higher from that zone would then suggest that bigger uptrend has resumed for a push higher into a red wave 5).


USD/CAD 1-Hour Chart


Interested in our services ? We have a Special Offer: Get 1 Month Access For 1€!! Grab the opportunity now at www.ew-forecast.com


Back to homepage

Leave a comment

Leave a comment

Sign Up For The Safehaven Newsletter