• 3 hours Facebook Scrubs Over 2 Billion Fake Accounts
  • 9 hours Dow Scrambles To Avoid Fifth Straight Weekly Loss
  • 1 day Is This The World’s First Truly Democratic Stock Exchange?
  • 1 day India’s Wealthiest Set To Hold $23 Trillion By 2028
  • 1 day First Quarter Profits Slip For World's Top Oil Companies
  • 1 day The Yuan May Be China's Biggest Weakness
  • 2 days Hedge Funds Having A Banner Year
  • 2 days Disney Heiress Asks “Is There Such A Thing As Too Much?”
  • 2 days BHP Turns Bullish On EVs
  • 2 days Investors Turn Bullish On America’s Nuclear Decommissioning Business
  • 3 days The $90M Inflatable Rabbit Redefining Modern Art
  • 3 days Huawei’s Fate In The Air
  • 3 days Tesla Slashes Prices Again
  • 3 days The Modern History Of Financial Entropy
  • 4 days Italy’s Central Bank Embraces Sustainable Investing
  • 4 days Trump Lifts Metals Tariffs To Cool Simmering Trade War
  • 4 days Researchers Push To Limit Space Mining
  • 4 days Could China Start Dumping U.S. Treasury Bonds?
  • 5 days Is Winter Coming For HBO?
  • 5 days Rise Of EVs Signals Peak Gasoline
Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

  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