Search Results for: BP

GBPAUD Showing Evidence of a Bearish Resumption – Elliott wave analysis

July 13th, 2020 (0)
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 (0)
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 (0)
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 (0)
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 (0)
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 (0)
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 (0)
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 (0)
  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 (0)
  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 ...

Interesting Correction Pattern on GBPUSD Points Lower – Elliott Wave

October 28th, 2019 (0)
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 region. ...
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