• 11 hours America’s Workforce Elderly Workforce To Double By 2028
  • 17 hours Toyota Tests Solar-Powered Prius
  • 1 day Why The Gold Rally Flatlined
  • 2 days The Uranium Sector Can’t Catch A Break
  • 2 days Upcoming Fed Meeting Has Investors On Edge
  • 3 days Global Gold Sector Outlines Responsible Mining Principles
  • 3 days China’s Giant Vampire Fund Loses $120B
  • 4 days McDonalds To Roll Out Robot Drive-Thru Clerks
  • 4 days Savvy Investors Are Betting Big On This Little Data Company
  • 4 days How The Government Is Wasting Tax Money This Year
  • 5 days Supply Concerns Halt Expansion On Tianqi Lithium Plant
  • 5 days The World’s Biggest IPO Is Almost Here
  • 5 days The Relatively Of Money And Happiness
  • 6 days Wall Street Unfazed By Recession Fears
  • 6 days SoftBank Urges WeWork To Pause IPO Plans
  • 6 days Anti-Aging Market To Hit $55 Billion
  • 7 days JPM, Morgan Stanley Take Advisory Roles In Aramco IPO
  • 7 days Are Bonds In A Bubble?
  • 7 days The Unknown Media Giant Taking The World By Storm
  • 8 days From Millennial To Millionaire With One Simple Trick
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On GBPUSD And USDCHF

GBPUSD

On the intraday chart of GBPUSD, we are observing a nice three wave corrective decline taking place, now around the 1.325 area, after a five wave rise had unfolded around the 1.346 zone. As such we now believe this correction may find its support around the 38.2 or 50.0 Fibonacci ratio, from where more upside may follow.

GBPUSD, 1H

GBP/USD 1-Hour Chart


USDCHF

On the 1h chart of USDCHF we see that market made a nice intraday reaction higher from around the 0.965 area, where wave E) might have just posted its lows. If that is the case, then we may see more upside in sessions to follow probably to around the 161.8 Fibonacci ratio, where blue wave iii-circled may end.

Break above the 0.9810 mid swing would give us even more confirmation, that more upside is in view.

USDCHF, 1H

USD/CHF 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