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

Elliott Wave Analysis On SP500 And EURUSD

S&P500

US markets are moving sharply higher at the start of the US session with the E-mini S&P500 futures contract trading at new all time highs. Current price is at 2190 but there is room for 2200 in the short-term while market trades above 2175.

S&P500, 1H

S&P500 1-Hour Chart


EURUSD

I am looking at EURUSD 30min chart and like what I see so far. We have three waves down that completed blue wave four at 1.1270 from where market rallied in five waves so we can expect further upside through 1.1368 and then towards 1.1400 area. If that's the case then current minor retracement from 1.1360 is only a small corrective set-back with limited downside around 1.1315 from where new upward reaction may follow. Thats said 1.1270 is the invalidation level; as long it holds trend is up.

EURUSD, 30Min

EUR/USD 30-Minute Chart

 


Interested in our services? We have a Special Offer: Get 1 Month Access For 1&euro!! Grab the opportunity now at www.ew-forecast.com You can even subscribe to our Twitter account -> @ewforecast

 

Back to homepage

Leave a comment

Leave a comment