Elliott Wave Analysis: EURUSD, Silver and Crude oil 

intraday oil

Gregor - Author BIO photo

Elliott Wave Analysis: EURUSD, Silver and Crude oil

EURUSD may see a bounce in the near-term at least in three waves as five wave decline from Sep 22nd high and divergence on RSI suggest that bottom may not be far away. Rise above 1.1808 will put rally in play.


Intraday eurusd

Silver is at the lows about we warned you yesterday when we identified end of wave four, so current decline is a fifth wave that can be targeting 16.50/16.60 in the near term, before market may turn up for a new bounce.

Silver, 1H

intraday silver

Crude oil broke out of a triangle this week, and it seems there is room for more upside as latest minor pullback was red wave iv), so we stay bullish for wave v) towards 52.60/53.00 region.

Crude oil, 1H

intraday oil


Disclosure: Please be informed that information we provide is NOT trading recommendation or investment advice. All of our work is for educational purposes only.



By Gregor Horvat

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