EUR/GBP faces upward correction risk as oil prices fall below $90

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of SPX. We presented to members at the elliottwave-forecast. In which, the rally from 13 January 2025 unfolded as an impulse structure. And showed a higher high sequence favored more upside extension to take place. Therefore, we advised members not to…

The USDCAD spent yesterday grinding lower, breaking through one support level after another until finally reaching a familiar ceiling-turned-floor from early October (red circles on the chart). In my late-day video, I noted that the pair appeared to have reached its final support zone between 1.3968 and 1.3975, and that a reclaim of the 61.8%…

2025.02.21 2025.02.21 WTI Crude Oil: Elliott Wave Analysis and Forecast for 21.02.25 – 28.02.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 76.75 with a target of 61.50 – 53.00. A sell signal: the level of 76.75 is broken to the downside….

The Pound Sterling (GBP) attracts bids against its major currency peers on Monday, following the release of the United Kingdom (UK) Q3 Gross Domestic Product (GDP) data. The Office for National Statistics (ONS) confirms that the economy grew at a quarterly pace of 0.1%, in line with preliminary estimates. The impact of the revised Q3…