• 710 days Will The ECB Continue To Hike Rates?
  • 710 days Forbes: Aramco Remains Largest Company In The Middle East
  • 712 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,112 days Could Crypto Overtake Traditional Investment?
  • 1,117 days Americans Still Quitting Jobs At Record Pace
  • 1,118 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,122 days Is The Dollar Too Strong?
  • 1,122 days Big Tech Disappoints Investors on Earnings Calls
  • 1,123 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,124 days China Is Quietly Trying To Distance Itself From Russia
  • 1,125 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,129 days Crypto Investors Won Big In 2021
  • 1,129 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,130 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,132 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,132 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,136 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,137 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,137 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,139 days Are NFTs About To Take Over Gaming?
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…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis: AUDUSD and SP500

AUDUSD

Aussie is finally breaking lower, now in sharp decline through 0.7600 which looks like a third wave in the middle of an impulsive bearish trend. As such, we think that there is room for more weakness in sessions ahead, down to 0.7500 for a black wave 3, while market stays below 0.7637.

AUDUSD, 1h

AUD/USD 1-Hour Chart


S&P500

E-mini S&P500 is in a corrective retracement, ideally wave four which already has three subwaves from the high but there is room for a fall to 2385 from where uptrend can resume during the US hours.

S&P500, 1h

S&P500 1-Hour Chart

 


Visit our website and Get more charts and forecasts with free access through 14-Day Trial Offer
You can also follow us on twitter @ewforecast
www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment