• 9 hours The Biggest Loser In The China-U.S. Tariff Tit-For-Tat
  • 1 day Trade War Takes Its Toll On Shipping
  • 3 days Is $90 Oil Possible? An Interview With Jay Park
  • 4 days Billions Of Dollars Are Flooding Into The Flying Taxi Space
  • 4 days Is This The Most Important Energy Project Of 2020?
  • 5 days Startups Are Dying To Give You A Better Death
  • 5 days U.S. Restaurants Are Struggling With Rising Labor Costs
  • 6 days The Banking Bonanza Is Just Getting Started
  • 6 days How The Trade War Ceasefire Will Impact The Energy Industry
  • 7 days Who Is The Most Dangerous Person On The Internet?
  • 7 days SoftBank Sees First Quarterly Loss In 14 Years
  • 9 days Prepare For An Oil Glut In 2020
  • 10 days Why A Strong Yuan Is A Promising Sign For The Trade War
  • 11 days What Would You Sacrifice For A Debt-Free Life?
  • 11 days Shareholders Urge Major Bank To Stop Funding Fossil Fuel Companies
  • 11 days Tariffs Are Causing A Slowdown In U.S. Manufacturing
  • 12 days The Great Silicon Valley Migration Has Begun
  • 12 days 3 Oil Stocks Paying Out Promising Dividends In 2020
  • 13 days How Fractional Trading Is Democratizing the Stock Markets
  • 13 days Why Smart Money Is Looking To Short Aramco
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  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