USDCAD And EURGBP Intraday Elliott Wave Analysis


The interesting market for this week could be USDCAD which seems to be trading in final stages of triangle pattern. On the hourly chart we are looking for a wave c) down to complete wave (e) around 1.100 mark.
USDCAD 1h Elliott Wave Analysis
usdcad elliott wave intraday
In our latest webinar on Friday (recording) we have covered EURGBP and highlighted a bullish case for the pair. We focused on wave (iv) and said that we need wave c) to complete a corrective retracement from March 12 high. Ideally market is forming an expanding flat correction with new bullish reversal to come from 0.8315/0.8330 support zone. We have this one on our radar screen for longs.
EURGBP 1h Elliott Wave Analysis

eurgbp elliott wave intraday

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Gregor Horvat first made his name in Slovenia and has become world famous in the forex market since 2003. He is both a trader and a technical analyst who offers trading strategies on the Fibonacci and Elliot Wave principle. His main focus is on currency pairs, U.S. stock market, gold and oil. Gregor Horvat found the forex service offered on This website provides traders technical analysis, while putting emphasis on behavioral patterns. These are derived from the Elliott Wave Principle (EWP). Traders who are interested in the entry and exit positions, and he probability of the former and latter follow the EWP on a regular basis.