Search Results for: BP

Elliott Wave Analysis: GBPUSD Can Go Bullish Berserk From 1.250!

June 27th, 2019 (0)
Higher degree trend is bearish on GBPUSD, but price activity since December 2018 is overlapping, thus corrective. We are observing a three-wave correction (A)-B)-C)) in progress from the lows, with price currently unfolding start of leg C), that can ...

Elliott Wave Analysis: Silver Looking Lower, while GBPNZD In for More Gains!

June 24th, 2019 (0)
  Like gold, silver can also be trading at the start of a third leg to the downside, which can be labelled as wave C) of 3). Either way we believe more weakness may follow on metal, especially since ...

Elliott wave Analysis: USDJPY, GBPUSD and GBPJPY Intra-day Updates

May 3rd, 2019 (0)
USDJPY can be unfolding a minor correction within an upcoming recovery, down from 111.66 level, where wave a/I found a temporary top. Current wave b/ii correction can look for support and a bullish reversal around the Fibonacci ratio of ...

Elliott wave Analysis: Crude oil and GBPUSD Intra-day View

April 30th, 2019 (0)
  Crude OIL can be unravelling a sharp correction, with energy now trading within sub-wave C of B)/2), with possible resistance area around the Fibonacci ratio of 50.0 or 61.8 (65.0/65.4 area). At the mentioned region we also see ...

Elliott wave Analysis: GBPUSD and Silver Intra-day Update

March 27th, 2019 (0)
Cable is doing quite well. After a five-wave rise into wave A away from 1.3000 level, we can see a slow three-wave a-b-c corrective decline in wave B, from where we may see a bullish continuation for wave C ...

Elliott wave Analysis: EURAUD and GBPNZD Sharing A Bullish Correction

March 5th, 2019 (0)
EURAUD is currently unfolding a bigger, complex correction, up from midpoint of January when a five-wave decline had fully unfolded its five-wave drop. We are now observing a complex pullback in play, a double-zig zag to be exact, which ...

Elliott wave Analysis: GBPUSD Unfolding a Five-wave Rally, and DAX A Temporary Correction

January 29th, 2019 (0)
GBPUSD is recovering sharply from the 1.267 level, giving us a sign that corrective wave 2)/B) had ended, and that now wave 3) or C) is in play. In such case, a five-wave rally is expected to show up, ...

Elliott wave Analysis: NZDUSD and GBPNZD Update

January 18th, 2019 (0)
Kiwi is currently trading in a bigger, unfolding three-wave reversal down from the highs (0.684 level) with first leg a already completed. Rally that followed from the 0.673 level can be labelled a temporary pullback as wave b, which ...

Natural gas and EURGBP Update – Elliott wave Analysis

December 10th, 2018 (0)
  Natural gas was trading sideways since mid November till December, unfolding an overlapping pattern, which is in Elliott wave terminology known as a triangle correction. A triangle has five legs, and each of them has three more minor ...

Elliott wave Analysis: EURAUD and GBPAUD Update

November 21st, 2018 (0)
EURAUD still looks corrective in wave 4) here. Why? Base channel support line acts as a resistance, also ideal resistance around previous wave iv and ideal 38,2% Fibo. retracement. The only thing is that corrective rally looks too sharp, ...
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