Elliott Wave Live: “Key Insights on Euro, Pound, Aussie, Kiwi, Cryptos, and More”
May 13, 2023


In our latest Elliott wave live session, we covered plenty of markets and analysis, including a discussion of currency correlations and recent market movements. I also have a few currency pairs for potential ideas next week. On my watchlist area: GBPUSD, NZDUSD, USDJPY, GOLD, ETHERERUM.

Below the video, you will find some highlights and short description of the markets I covered.

If you will find our analysis usefull then make sure to check our premium services

Best regards,

Become a premium member

Get daily Elliott Wave updates for some major Digital currencies, FIAT currency markets, major stock indexes, gold, silver, crude etc. or apply for unlimited access to the Elliot Wave educational videos.

Register here (Limited-Special 2 for 1 Offer available)

Key points

Euro may see weakness due to dollar strength and potential flat correction

  • Euro may drop sharply in a flat correction or see an ABC correction back to Wave 4 and then rally
  • Intraday chart shows potential weakness and breaking of lower trend line support

Pound drops despite hawkish BoE

  • Ending diagonal is pointing even lower for next week

Aussie and Kiwi looking weak

  • Failure bullish breakout and bearish weekly close suggests more weakness for AUD and NZD vs USD
  • China inflation data and lower copper prices puts bearish pressure on the Ausse

USD/JPY can to continue downside movement

  • Possible scenarios include a bearish triangle or a triangle for wave B
  • Short-term weakness expected with potential retest of lower trend line and 61.8 projection
  • 10-year US notes looks corrective within uptrend

Crude oil may see more upside as long as it stays above the defined pivot level.

  • OPEC’s production cut announcement was supportive for crude, but prices fell a few weeks later.
  • A spike to a new low was seen, close to a big support level defined as a potentially pivot level for this year.

SP500 Elliott Wave analysis – no breakout yet

  • Technical analysis suggests potential breakout if daily close above 4200

Gold and silver in a potential correction, key support levels to watch

Ethereum is in a corrective phase

  • ETHUSD is down, but moving close to key support at $1700.
  • An impulsive rally will put bulls back in play

Is Nifty Headed To New Highs? READ MORE


Any reviews, news, analysis, prices or other information contained on our website is provided as general market commentary and delivered electronically through a distribution channel to larger number of clients, therefore does not constitute investment advice or investment research. We are not trading advisors. Most of our work is for educational purposes only, with information based on Elliott Wave theory in real time. Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors.

The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.

Any information or material contained on our website is owned by Val Global d.o.o.. Reproduction is prohibited without Val Global d.o.o. prior license in writing.

By continuing to use the site, you agree to the use of cookies. Learn more.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.