• 777 days Will The ECB Continue To Hike Rates?
  • 777 days Forbes: Aramco Remains Largest Company In The Middle East
  • 779 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,179 days Could Crypto Overtake Traditional Investment?
  • 1,184 days Americans Still Quitting Jobs At Record Pace
  • 1,186 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,189 days Is The Dollar Too Strong?
  • 1,189 days Big Tech Disappoints Investors on Earnings Calls
  • 1,190 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,192 days China Is Quietly Trying To Distance Itself From Russia
  • 1,192 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,196 days Crypto Investors Won Big In 2021
  • 1,196 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,197 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,199 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,200 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,203 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,204 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,204 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,206 days Are NFTs About To Take Over Gaming?
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  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