• 288 days Will The ECB Continue To Hike Rates?
  • 288 days Forbes: Aramco Remains Largest Company In The Middle East
  • 290 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 690 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?
  • 700 days Big Tech Disappoints Investors on Earnings Calls
  • 701 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 702 days China Is Quietly Trying To Distance Itself From Russia
  • 703 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 707 days Crypto Investors Won Big In 2021
  • 707 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 708 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 710 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 710 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 714 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
  • 717 days Are NFTs About To Take Over Gaming?
Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Tesla Struggles To Compete In European Market

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

Trade In Counterfeit Goods Hits Half A Trillion Dollars

Trade In Counterfeit Goods Hits Half A Trillion Dollars

The counterfeit market has breached…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis: GBPUSD and SP500

GBPUSD

Cable is turning significantly higher after earlier decline down to 1.2412, so it appears that bulls can be back in control now, especially if we consider that decline from 1.2673 is in seven legs, thus a complex correction that is pointing to the upside. Break above the upper line is also nice for bulls, but would need a daily close for even stronger conviction that pair is headed lower.

GBPUSD, 1H

GBP/USD 1-Hour Chart


S&P500

No change on E-mini S&P500 for now, we see index still in A)-B)-C) bounce; a correction that is expected to see limited upside near 2280-2288 this week.

S&P500, 1H

S&P500 1-Hour Chart

 


I want to remind you that it's less than 24 hours for our Yearly Membership Offer (31% Off + Elliott Wave Tool for MT4).
If you are interested click here--> http://www.ew-forecast.com/register/

 

Back to homepage

Leave a comment

Leave a comment