• 91 days Could Crypto Overtake Traditional Investment?
  • 96 days Americans Still Quitting Jobs At Record Pace
  • 98 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 101 days Is The Dollar Too Strong?
  • 101 days Big Tech Disappoints Investors on Earnings Calls
  • 102 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 104 days China Is Quietly Trying To Distance Itself From Russia
  • 104 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 108 days Crypto Investors Won Big In 2021
  • 108 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 109 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 111 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 112 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 115 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 116 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 116 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 118 days Are NFTs About To Take Over Gaming?
  • 119 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 122 days What’s Causing Inflation In The United States?
  • 123 days Intel Joins Russian Exodus as Chip Shortage Digs In
  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis: AUDUSD and SP500

AUDUSD

AUDUSD is looking for some support down at 0.7584 to be exact, but after only three waves of decline from 0.7648. We think that was a corrective wave B as part of an irregular correction which means that wave 2) can see higher prices. There is room for 0.7648 resistance to be hit, or maybe even 0.7684 before market may start a new bearish leg.

AUDUSD, 1H

AYD/USD 1-Hour Chart


S&P500

Not much of change on E-mini S&P500 intraday chart, where we still see prices in a three-wave advance. It's a recovery that can extend up to 2358 area after wave b/ii is finished, which is now underway. At the same time, I am looking at the RSI divergence line that may indicate a bounce higher into c/iii wave, once upper channel line is tested.

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