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Elliott Wave Analysis: Crude Oil And EUR/NZD

Published 10/31/2017, 06:57 AM
Updated 07/09/2023, 06:31 AM

Good day traders!

On energy markets we have seen some push to the upside recently, with an important breakout on oil which may drive prices up to 55 this week. We see wave four now that can stop at 53.40.

Crude oil, 1H
Oil Hourly Chart

EUR/NZD can be in a bearish pullback; A-B-C decline with H&S formation which may send price down to 1.6650.

EUR/NZD, 4H
EUR/NZD, 4H Chart

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.

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