• 16 hours 9 Ways The Lockdown Is Playing Out Around The World
  • 22 hours WeWork Sues SoftBank For Withdrawing $3 Billion Insider Payoff
  • 2 days Solving Transportation’s Biggest Problem
  • 2 days Big Banks Could Win Big On Fed Small Business Bailout
  • 2 days Trump Increases Pressure On Venezuela
  • 2 days Researchers Create Organic Battery
  • 3 days Gold Is Still A Safe Haven, But Not Very Alluring
  • 3 days China Is Buying Up Billions Of Barrels Of Cheap Crude Oil
  • 4 days Are Gold Stocks Going To Bounce Back?
  • 4 days The Politics Of A Pandemic
  • 5 days What Does CHina’s EV Slowdown Mean For The Battery Metals Sector?
  • 6 days COVID Report Cards Will Brand Businesses Forever
  • 6 days Trump Tweet Sends Oil Soaring 25%
  • 7 days Why The Coronavirus Economic Crash Is Worse Than You Think
  • 7 days Is A Global Currency Necessary?
  • 8 days America Has Shed 500,000 Millionaires Since The Coronavirus Lockdown Began
  • 8 days Trump Wants Another $2 Trillion Economic Intervention
  • 9 days The Surprising Businesses Deemed “Essential” During The Coronavirus Lockdown
  • 9 days Priceless Van Gogh "Spring Garden" Painting Stolen
  • 9 days Oil Falls To $20 For First Time In Nearly Two Decades
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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…

Contact Author

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On NZDUSD And Crude OIL

NZDUSD

Our NZDUSD is in the corrective pullback and we expect higher prices at least to the levels where our Fibonacci ratio of 38.2 lays. Resistance levels for the red wave 2 would then come in around 0.7269 and maybe 0.7289 area from where we would expect beginning of the third wave to the downside.

NZDUSD, 1H

NZD/USD 1-Hour Chart


Crude OIL

On the 1h chart we see that, OIL is still trading in the sideways price action. We expect to see lower levels ahead to complete black wave C in the red wave 4) of a higher degree. Currently we see only two completed legs, A and B and we expect one more leg to complete around the 45.60-80 region. Since we labeled possible lows on mentioned levels with a red wave 4), this means we expect new high in the red wave 5 on this commodity.

Crude OIL, 1H

Crude Oil 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 You can even subscribe to our Twitter account -> @ewforecast

 

Back to homepage

Leave a comment

Leave a comment