• 3 hours How COVID-19 Could Change Elections Forever
  • 19 hours Mexico Kickstarts War On Junk Food
  • 1 day How America Could Go Green Right Now
  • 2 days Russian Prestige And American Politics: The COVID Vaccine Race
  • 2 days Is The Silver Rally Over Or Just Getting Started?
  • 3 days Alibaba-Backed Tesla Competitor Set To IPO In The U.S.
  • 3 days Emerging Economies Could Get Left Behind In Race For COVID Vaccine
  • 4 days Dead Malls Could Be Amazon’s Next Target
  • 4 days Unpacking Biden's Energy Plan
  • 4 days Russia Aims To Become World's Top Gold Producer
  • 5 days Global Tech Stocks On Edge Over Trump TikTok Ban
  • 5 days Cobalt Squeeze Threatens The Electric Vehicle Boom
  • 6 days COVID Has Sparked A Surge In Cybercrime
  • 6 days Precious Metals Bulls Still Have Plenty Of Room To Run
  • 7 days The U.S. Has The Tech To Go Green, But Will It Use It?
  • 7 days Massive Losses Force Russian Commodities Giant To Slash Dividends
  • 8 days Markets Up On Stimulus Hope
  • 8 days UK To Invest In Europe's First Geothermal Lithium Recovery Plant
  • 9 days TikTok Takes Center Stage In US-China Tech War
  • 9 days Are Semiconductor Stocks Overvalued?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  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