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

Elliott Wave Analysis On GBPUSD And USDCAD

GBPUSD

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.

GBPUSD, 1H

GBP/USD 1-Hour Chart


USDCAD

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).

USDCAD, 1H

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