Search Results for: BP

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, ...

Elliott wave Analysis: EURGBP and USD Index

November 16th, 2018 (0)
Overall euro is trying to recover, so we are observing some of bullish developments against weak currencies like pound. There was a nice pop-up in price in the last 48 hours which is looking very aggressive so it is ...

Elliott wave Analysis: EURJPY and GBPUSD Update

November 15th, 2018 (0)
    EURJPY is turning down from 129.22 level, but in overlapping fashion which gives us thinking that maybe wave 1 is unfolding an Elliott wave leading diagonal which can look for support and a bullish reversal near the ...

EUR/GBP losses seen on sterling rally

November 2nd, 2018 (0)
The Euro (EUR) has dropped off against the Pound (GBP) and most other peers today, with a stronger Pound Sterling making the single currency less appealing. A lack of supportive Eurozone data hasn’t helped matters, as Euro traders are ...

Euro Pound Sterling (EUR/GBP) exchange rate looks for boost from steady inflation data

August 31st, 2018 (0)
Ahead of August’s German and Eurozone consumer price index data the Euro to Pound Sterling (EUR/GBP) exchange rate remained under pressure. However, as forecasts point towards the headline inflation rate remaining steady on the year this could offer the ...

Key Brexit vote likely to prompt volatility in GBP/EUR

June 21st, 2018 (0)
  MP’s are set to debate the government’s Brexit withdrawal bill for the second time today, after the House of Lords voted to amend the bill and send it back to the lower house on Monday. The key point ...
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