Daily Analysis from EW-Forecast | GBPUSD | 20 of April

Posted 20 April, 2017

                        Elliott Wave Analysis: GBPUSD Trading Strongly Higher


Cable is making a strong rise away from 1.2364, clearly in impulsive fashion which can see extension up to 1.300 area for wave C. In the meantime be aware of a short-term set-backs which will be fourth sub waves within uptrend. We see market in bullish mode now as long as pair trades above 1.2620.


                         GBPUSD, 4H

 


Visit our website and Get more charts and forecasts with free access through 14-Day Trial Offer
You can also follow us on twitter @ewforecast
www.ew-forecast.com

Previous forecast

20 April, 2017 13:00

← Daily Analysis | USDCAD | 20 of April

The USD/CAD has formed a bullish marubozu (strong momentum candle) on daily timeframe (see the mini daily chart) which marks an uptrend. Retracement towards POC might start at the break of trendline (red). If the price gets to POC (38.2, ATR low, D L4, EMA89)  the POC zone should spike the price further up towards D H3 at 1.3513 and D H4/ATR High at 1.3540.

Daily Analysis | USDCAD | 20 of April

Next forecast

20 April, 2017 10:00

Fundamental Analysis | EURUSD / GBPUSD | 20 of April →

Markets are gradually calming down after the extreme rise of the British pound on Wednesday. Yesterday, the euro fell by 17 points, the pound - by 62 points. Trade Balance in the Eurozone was able to support the euro - the indicator amounted to 19.2 billion euros against 15.7 billion in January.

Fundamental Analysis | EURUSD / GBPUSD | 20 of April
Write a comment
 
Prove you’re not a bot + 14 = 20