Main >
Analytics
>
Fresh forecast
>
Elliott waves analysis
>
Still bullish with the first target at 1.3477

Still bullish with the first target at 1.3477 | 17 November 2017

17 November 2017, GBP/USD

Still bullish with the first target at 1.3477

Wave Analysis:

Perfectly as previously forecasted, the impulsive wave (1) stretched slightly to the upper side and is still pretty much bullish both on the daily and the weekly charts. During this intraday, we expect a possible extension of the impulsive wave (1) to the upper side and should break above 1.3477, where we'll be looking to continue long with the impulsive wave (3) to the upper side with the next target at 1.4198 or even higher. This pair should be traded alongside GBPHKD, GBPMXN and EURUSD. These pairs have a strong positive correlation and will move in the same direction during this intraday. Only buy or sell gbpusd if the other pairs are giving the same signal.

Trade Recommendations:

Still bullish with the first target at 1.3477 and the next target at 1.4198

FreshForex cancels commissions!

Bob Stan
Agree with the review?
Traders' opinion:
Close
Login

Tunjukkan kata laluan

Hide password

 Terlupa kata laluan anda?
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .

Our best awards:

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company does not provide services in the following countries.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.
© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.