GBP USD Elliott Wave Analysis

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Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 10 September 2018
Hello trader,Please find here below this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts.EUR/USDThe EUR/USD is testing the support trend line (green), which could be a potential inverted head and shoulders reversal chart pattern if the price bounces at the 5...
2
Technical analysis of GBP/USD for September 07, 2018
Technical analysis of GBP/USD for September 07, 2018
Overview: Pivot: 1.3012.The GBP/USD pair bullish trend from the support level of 1.2826 on the one-hour chart. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is still above the moving average...
1
EUR/USD Decision Zone at 61.8% Fibonacci Support
EUR/USD4 hourSource: Admiral Markets MT5 with MT5SE Add-on EUR/USD motive wave – 7 September 2018 at 4:00 AM GMTThe EUR/USD seems to be building a bullish ABC zigzag (purple). The price will need to break above the resistance trend line (red) before it can confirm the wave C pattern, whereas a break...
0
GBP/USD Massive Bullish Spike Turns at 78.6% Fibonacci
GBP/USD4 hourSource: Admiral Markets MT5 with MT5SE Add-on GBP/USD motive wave – 6 September 2018 at 5:00 AM GMTThe GBP/USD showed a strong bullish spike yesterday, which could indicate a completed bearish wave 1 (blue) and a pullback within wave 2 (blue). This is invalidated if the price manages to...
1
GBP/USD Testing Fibonacci Resistance Levels of Wave-4
GBP/USD4 hourSource: Admiral Markets MT5 with MT5SE Add-on GBP/USD motive wave – 5 September 2018 at 5:00 AM GMTThe GBP/USD is showing strong bearish momentum after completing an ABC zigzag within a wave 4 (purple) correction. The bearish breakout could indicate a restart of the downtrend within wav...
1
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 2 September 2018
Hello trader,Please find here below this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts.EUR/USDThe EUR/USD made a bearish bounce and reversal near the 38.2% Fibonacci retracement level, which seems to have completed a wave (purple). This could indicate a la...
0
GBP/USD Challenges Support Line after Double Top
GBP/USD4 hourSource: Admiral Markets MT5 with MT5SE Add-on GBP/USD motive waveThe GBP/USD made a bearish bounce at the previous top, and the price is now challenging the support trend line (blue). The price will remain indecisive when in between the triangle chart pattern, which is indicated by the ...
1
GBP/USD Bullish ABC Pattern Hits Resistance Trend Line
GBP/USD4 hourSource: Admiral Markets MT5 with MT5SE Add-on GBP/USD motive waveThe GBP/USD remains indecisive at the moment as the long price stays between the triangle chart pattern which is indicated by the support (blue), and the resistance (red) trend lines. A bearish breakout below the support t...
0
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 27 August 2018
Hello trader,Here are this week's wave analyses on the EUR/USD, GBP/USD, and USD/JPY daily, weekly, and monthly charts.EUR/USDThe EUR/USD bullish reversal near 1.13 seems to confirm the end of a bearish wave 5 (pink) within potential wave A (light purple). The bullish bounce could be part of an ABC ...
0
GBP/USD Close to Confirming Bearish Continuation
GBP/USD4 hourSource: Admiral Markets MT5 with MT5SE Add-on GBP/USD motive waveThe GBP/USD is challenging the support trend line (blue) after bouncing at the 38.2% Fibonacci retracement level. A bearish breakout below the support could confirm the continuation of the downtrend within wave 5, whereas ...
0
GBP/USD is challenging the support trend line
GBP/USD4 hourSource: Admiral Markets MT5 with MT5SE Add-on GBP/USD motive waveThe GBP/USD is challenging the support trend line (blue) after bouncing at the 38.2% Fibonacci retracement level. A bearish breakout below the support could confirm the continuation of the downtrend within wave 5, whereas ...
0
Wave analysis of GBP/USD for August 21. Pound sterling is ready to build 4 waves
Wave analysis of GBP/USD for August 21. Pound sterling is ready to build 4 waves
Analysis of wave counting:During the trade on August 20, the GBP/USD pair gained about 55 bp, so the probability of the completing the construction of the downward trend section increases. The internal wave counting of the assumed wave 3, appears to be almost complete. Accordingly, this wave can be ...
0
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 20 August 2018
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 20 August 2018
Dear traders,Please find below this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts.EUR/USDThe EUR/USD is building a potential bullish pullback after a strong bearish breakout. The price could be in a wave 3 (purple), as long as the price does not make a ver...
1
GBP/USD Bearish Breakout below Bear Flag Chart Pattern
GBP/USD Bearish Breakout below Bear Flag Chart Pattern
GBP/USD4 hourSource: Admiral Markets MT5 with MT5SE Add-on GBP/USD motive waveThe GBP/USD made a bullish retracement and bearish continuation as expected in our wave analysis earlier this week. The GBP/USD broke below the support trend line (dotted blue) for a new low after a bearish bounce occurred...
0
GBP/USD Chart Pattern Indicates Wave-4 Correction in Downtrend
GBP/USD Chart Pattern Indicates Wave-4 Correction in Downtrend
GBP/USD4 hourSource: Admiral Markets MT5 with MT5SE Add-on GBP/USD motive waveThe GBP/USD is building a triangle pattern after breaking below the support line (dotted blue) of the downtrend channel. A new bearish breakout could indicate an immediate continuation within wave 3 (blue), which could fal...
1
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 13 August 2018
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 13 August 2018
Hello trader,Please find here below this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts. EUR/USDThe EUR/USD broke below the support (dotted blue) of the range and corrective zone, which is indicating that price is probably in a wave 5 (pink) of wave A (purp...
0
GBP/USD Breakout Accelerates Bearish Momentum
GBP/USD Breakout Accelerates Bearish Momentum
GBP/USD4 hourSource: Admiral Markets MT5 with MT5SE Add-on GBP/USD motive waveThe GBP/USD broke the support line (dotted blue) of the downtrend channel. The bearish breakout is behaving very impulsively, which indicates that the swing is a potential wave 3 (green). A bearish break could extend the 3...
1
Wave analysis of GBP/USD for August 2. The Bank of England can seriously affect the wave counting
Wave analysis of GBP/USD for August 2. The Bank of England can seriously affect the wave counting
Wave marking analysis:During the trades on August 1, the GBP/USD pair traded in a very narrow range with minimal changes in the price. The meeting of the Bank of England was held on Thursday, the market activity is expected to grow, which can lead to strong movements. Thus, Thursday can dot the "I"....
1
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 6 August 2018
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 6 August 2018
Hello trader,Please find here below this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts. More education, analytics, articles, and webinars can be found daily on Admiral Markets. https://admiralmarkets.com/analytics/EUR/USDThe EUR/USD is retesting the previo...
1
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 29 July 2018
Hello trader,Please find here below this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts. More education, analytics, articles, and webinars can be found daily on Admiral Markets. https://admiralmarkets.com/analytics/EUR/USDThe EUR/USD is building a triangle ...
2
GBP/USD Bullish Breakout Aims at Fib Targets of Wave 5
GBP/USD4 hourSource: Admiral Markets MT5 with MT5SE Add-on GBP/USD motive waveThe GBP/USD broke above the resistance trend lines (dotted orange) and price is now challenging the top of the downtrend channel (red). A bearish bounce is more likely as price could be completing a wave A of a larger ABC ...
2
GBP/USD Bullish Break to Confirm ABC Zigzag Pattern
GBP/USD4 hourSource: Admiral Markets MT5 with MT5SE Add-on USD/JPY motive waveThe GBP/USD is challenging a key resistance trend line (orange) and a bullish breakout could confirm the ABC zigzag pattern (blue). Price needs to break above the downtrend channel before a larger bullish correction can ta...
3
Review of GBP/USD for the week of July 18 via simplified wave analysis
Review of GBP/USD for the week of July 18 via simplified wave analysis
Wave picture of the H4 chart:On the chart of the main pair of pound, a bearish zigzag is formed from January 25. For some time, the wave will move to a larger scale movement.The wave pattern of the H1 graph:The level of the descending wave of April 17 is already prepared to move to a larger scale of...
0
Wave analysis of GBP / USD for July 16. The British pound rebounded from the lows, but still tends to fall
Wave analysis of GBP / USD for July 16. The British pound rebounded from the lows, but still tends to fall
Analysis of wave counting:On July 13, the GBP/USD pair gained about 30 bp, although during the day the amplitude of the instrument moves much higher. Despite the increase in quotes, the pair is expected to remain within the framework of the wave construction of 5, at 3, in a, with a target of about ...
0
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 23 July 2018
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 23 July 2018
Hello trader,Please find here below this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts. More education, analytics, articles, and webinars can be found daily on Admiral Markets. https://admiralmarkets.com/analytics/EUR/USDThe EUR/USD showed a strong bullish...
1
Wave analysis of GBP/USD for June 1. Pound sterling is still very weak
Wave analysis of GBP/USD for June 1. Pound sterling is still very weak
Analysis of wave counting:At the trades on May 31, the GBP/USD currency pair lost about 60 points from the maximum of the day, questioning the construction of the future wave 2, in a of the downward trend section. The pair fails to form a significant upward trend section that could be identified as ...
0
GBP/USD Bullish Corrective Pattern Faces Fibonacci Resistance Zone
GBP/USD Bullish Corrective Pattern Faces Fibonacci Resistance Zone
GBP/USD4 hourThe GBP/USD remains in a downtrend as long as price stays below the resistance trend lines. A bearish breakout below the support trend line (green) could indicate a potential continuation towards the Fibonacci targets of wave 5. A bullish retracement could occur above the resistance tre...
1
Wave analysis of GBP/USD for May 30. 33 figure was only a temporary barrier.
Wave analysis of GBP/USD for May 30. 33 figure was only a temporary barrier.
Analysis of wave counting:During trading on May 29 the GBP/USD currency pair returned to the decline and, having lost more than 100 points, went under the level of 33 figures. Proceeding from this, it suggests the conclusion about the next complication of wave 1, in a, of the bearish part of the tre...
2
GBP/USD Retraces after Sturdy Bearish Breakout below 1.3250
GBP/USD Retraces after Sturdy Bearish Breakout below 1.3250
GBP/USD4 hourThe GBP/USD bearish momentum broke below a key round level at 1.3250 and the support trend line of the descending wedge chart pattern (dotted blue). It seems more likely that price is now building a wave 3 impulse (purple) as long as price stays below the resistance trend lines (orange)...
0
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 28 May 2018
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 28 May 2018
Hello trader,Please find here below this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts. More education, analytics, articles, and webinars can be found daily on Admiral Markets. https://admiralmarkets.com/analytics/ EUR/USDThe EUR/USD is showing a falling w...
2
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