Search Results for: BP
GBPAUD May Continue Lower After a Recovery – Elliott wave Update
August 19th, 2020
GBPAUD is in a downtrend, as we see a sharp fall in impulsive price activity from 2.085 high. We are tracking a so-called impulse, a move that is structured by five waves, where two of them are corrections: ...
GBPAUD Showing Evidence of a Bearish Resumption – Elliott wave analysis
July 13th, 2020
On the weekly chart of GBPAUD we see price sharply declining, down from 2.08 high, after a sideways, choppy movement from October lows of 2016. Also, price is breaking below the lower corrective channel line which is evidence that ...
Elliott Wave Analysis: EUR/GBP In Bearish Reversal
July 6th, 2020
EURGBP started firmly dropping from the 0.918 level (also level of a Fib. ratio of 61.8), giving us first signs of a possibly completed A-B-C move in a higher degree wave B) correction. We are now observing a minimum ...
EURNZD and EURGBP Intra-day Updates – Elliott wave
June 11th, 2020
EURNZD is usually a perfect indicator for risk-on or risk-off sentiment. Currently it’s coming nicely higher as we expected two days back, ideally within wave »c« or »iii«, while stocks are in the sharp fall. So, if it stops ...
Bearish Triangle On USD Index Can Support GBPUSD – Elliott wave analysis
May 20th, 2020
USD index is trading sideways for some time now, ideally unfolding an Elliott wave triangle correction in wave B that is part of a three-wave corrective decline. A triangle is a continuation pattern, which has five legs in a ...
GBP/NZD At Resistance/Bearish Zone – Elliott Wave Analysis
April 8th, 2020
After a strong and five-legged decline in 2015, GBP/NZD started to trade into bullish, however overlapping, trading out a W-X-Y corrective structure for a higher degree wave B). We see price now at possible resistance and reversal point, at ...
GOLD and EURGBP Intra-day look – Elliott wave analysis
March 6th, 2020
Gold is in an uptrend, now unfolding a final five-wave move within a wave 5, which can face a top in the near future. Wave 5 is also an impulse, so it has to be structured by five legs, ...
GBPUSD Looking Bearish in 2020 (video) – Elliott wave
January 9th, 2020
GBPUSD pair can be ending a triangle correction within the wave B). Potential resistance/turning point area for leg E can be at the upper side of the upper triangle line at 1.34/1.36 zone, from where we can already see ...
Bulls On GBPUSD Can Soon Slow Down! – Elliott Wave analysis
November 19th, 2019
The most probable scenario for the GBPUSD pair can be an expanding triangle correction within the wave B), with price currently unfolding its final leg E. Potential resistance/turning point area for leg E can be near the 1.308/1.330 ...
Elliott Wave Update: GBPJPY Can See More Upside Near-term!
October 30th, 2019
GBPJPY unfolded a five-wave drop from the 200.0 region which is now being followed by a contracting development, a wave B triangle. A triangle is a continuation pattern, and unfolds prior to the final leg, so be aware ...
