• 19 hours Trump Tweet Sends Oil Soaring 25%
  • 2 days Why The Coronavirus Economic Crash Is Worse Than You Think
  • 2 days Is A Global Currency Necessary?
  • 3 days America Has Shed 500,000 Millionaires Since The Coronavirus Lockdown Began
  • 3 days Trump Wants Another $2 Trillion Economic Intervention
  • 4 days The Surprising Businesses Deemed “Essential” During The Coronavirus Lockdown
  • 4 days Priceless Van Gogh "Spring Garden" Painting Stolen
  • 4 days Oil Falls To $20 For First Time In Nearly Two Decades
  • 4 days COVID-19 Could Be The End Of U.S. Coal
  • 5 days How Much Does Your Social Security Number Cost? $4 On The Dark Web
  • 6 days Silver Stocks Have Been Decimated In The Coronavirus Sell-Off
  • 7 days How Blockchain Tech Could Make Mergers And Acquisitions More Efficient
  • 7 days America’s Shortage Of This Metal Keeps Trump Up At Night
  • 8 days Bidet Bonanza: Defying The Toilet Paper Shortage
  • 8 days U.S. Auto Sales Fall By 75%
  • 9 days Violating Quarantine? Big Brother Is Watching
  • 9 days Does Gold Still Have Some Room To Run?
  • 9 days Major Acquisition Gives The World’s First Green Ride-Share Another Edge
  • 10 days U.S. Pushes For Digital Currency For Immediate Stimulus
  • 10 days The Impossible Challenges Created By Growing Population
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 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