Search Results for: BP
Natural gas and EURGBP Update – Elliott wave Analysis
December 10th, 2018
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
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
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
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
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
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
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 ...
Elliott wave Analysis: AUDNZD and GBPUSD Updates
April 17th, 2018
AUDNZD was unclear and complex the last few days, but currently we see a very interesting corrective a-b-c structure in which wave c might have completed an EW ending diagonal. If we get a bounce with five ...
GBPJPY Looks Promising for More Weakness, while EURUSD and GBPUSD Look Slow
March 28th, 2018
In risk-off mode I am still observing potential xxx/Jpy pairs for shorts. The one that I like so far is GBPJPY but am still waiting on another push up before it may drop. 105.92 looks like a nice resistance. ...
Forex market wrap: EURUSD and EURGBP fell, USDCAD has the highest increase
March 19th, 2018
News coming from Asia this morning indicates that Stocks were mixed, with Japanese shares declining as investors watching the country’s political drama. Here is some updated key data for the Forex market including the G10 currency pairs, as on the ...