Search Results for: BP
Elliott Wave Analysis: GBPUSD Trading In A Higher Degree Correction
March 7th, 2017
GBPUSD fell sharply to the downside, a few weeks back which we see it as the final wave V of III) that touched the 1.1493 level. If we are correct and price really did post wave III) lows, then ...
Elliott Wave Analysis: Crude OIL and GBPUSD
February 24th, 2017
Crude OIL Crude oil found some nice support at 51.80 last week from where a strong recovery appears to be impulsive. Ideally that was wave 1, which found a top around the 54.50 region, meaning that recent slow and ...
Elliott Wave Analysis: EURGBP and EURJPY
February 23rd, 2017
EURGBP On the 4h chart of EURGBP we see a nice bearish price action unfolding down from 0.8851 which is expected to continue after recent three wave bounce to 0.8640, labeled as wave 2). If we are correct, then ...
Elliott Wave Analysis: EURGBP and GOLD
February 17th, 2017
EURGBP EURGBP is also moving up this week, but recovery can be corrective from Feb 13 low. We are observing wave 2 which can be looking for a reversal around 61.8% Fib. level after an ending diagonal in subwave ...
Elliott Wave Analysis: GBPJPY and Crude OIL
February 9th, 2017
GBPJPY GBPJPY made a perfect turn up from our highlighted “do or die” zone, where structure shows signs of a completed three wave correction. As such, more gains can follow now in impulsive fashion which would be expected to ...
Massive Demand for UK Gilts Spurs GBP/USD Higher
January 25th, 2017
The Pound to Dollar exchange rate trades at 1.2571 and is the best-performing currency in the G10 space. The Pound to Euro exchange rate trades at 1.1693 with an attempt at 1.17 already having been made today. Gains are ...
Elliott Wave Analysis: GBPUSD and GBPJPY
January 24th, 2017
Elliott Wave Analysis: GBPUSD and GBPJPY GBPUSD GBPUSD is turning today, which was one of the strongest last week, so it may be a time for a new correction especially if we consider that red wave 5) has all ...
Elliott Wave Analysis: USDJPY, German Dax and EURGBP
January 19th, 2017
Elliott Wave Analysis: USDJPY, German Dax and EURGBP ECB press conference is now live with USD running to a bullish side while EUR is making lower levels, currently near 1.0600 while DAX turns back to daily highs. We see ...
Elliott Wave Analysis: GBPUSD and USDCAD
January 16th, 2017
Elliott Wave Analysis: GBPUSD and USDCAD GBPUSD Prime Minister Theresa May won endorsement from US President-elect Donald Trump over her Brexit course but sterling plunged on Monday on fears that Britain could be on a collision course with its ...
Elliott Wave Analysis: USDJPY and GBPUSD
January 12th, 2017
Elliott Wave Analysis: USDJPY and GBPUSD USDJPY is trading south this week but despite some strong legs down, we see market in a corrective phase of a wave four. We are tracking a second zigzag on hourly chart where ...
