GBPCAD has five waves up from 1.9849 so current decline from above 2.0900 is going to be in minimum three waves. Ideally we will see a corrective a-b-c decline in wave ii that can be looking for a support near 2.0500, at the area of a former wave four.

GBPCAD, 4H

By using Wavetraders website, any services, products, and content contained here, you agree that use of our service is entirely at your own risk. You understand that there is a very high degree of risk involved in trading on the markets. We assume no responsibility or liability for your trading and investment results. The charts, and all articles published on www.wavetraders.com are provided for informational and educational purposes only!

By using the information and services of www.ew-forecast.com you assume full responsibility for any and all gains and losses, financial, emotional or otherwise, experienced, suffered or incurred by you.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD extends gains above 1.0700 on Powell’s presser

EUR/USD extends gains above 1.0700 on Powell’s presser

The selling bias in the Greenback gathers extra pace as Powell’s press conference is under way, lifting EUR/USD to daily tops past the 1.0700 hurdle.

EUR/USD News

GBP/USD rises above 1.2500 on weaker Dollar

GBP/USD rises above 1.2500 on weaker Dollar

The resumption of the upward pressure sends GBP/USD back above 1.2500 the figure in response to increasing selling pressure hurting the Greenback.

GBP/USD News

Gold surpasses $2,300 as Dollar tumbles

Gold surpasses $2,300 as Dollar tumbles

The precious metal maintains its constructive stance and trespasses the $2,300 region on Wednesday after the Federal Reserve left its FFTR intact, matching market expectations.

Gold News

A new stage of Bitcoin's decline

A new stage of Bitcoin's decline

Bitcoin's closing price on Tuesday became the lowest since late February, confirming the downward trend and falling under March and April support and the psychologically important round level.

Read more

The market welcomes the Fed's statement

The market welcomes the Fed's statement

The market has welcomed the Fed statement, and the S&P 500 is higher in its aftermath, the dollar is lower and Treasury yields are falling. There is still only one cut priced in by the Fed.

Read more

Majors

Cryptocurrencies

Signatures