Elliott Wave Analysis On EURJPY And Crude OIL

By: Gregor Horvat | Thu, Sep 29, 2016
Print Email

EURJPY

EURJPY remains incomplete to the upside, as we are still missing fifth wave in c) to complete a corrective a)-b)-c) bounce from 112.05 lows. Ideally market will touch 114.50 before downtrend begins in a strong impulsive manner.

EURJPY, 1H

EUR/JPY 1-Hour Chart


Crude OIL

Crude oil is moving slow since market broke out yesterday, so it represents a typical minor consolidation within strong uptrend that may continue already today. We expect a fifth wave up to 48.00-48.50 where resistance can be seen for a short-term.

Crude OIL, 30Min

Crude Oil 30-Minute Chart

 


Interested in our services? We have a Special Offer: Get 14 Days Access For 1€!! Grab the opportunity now at www.ew-forecast.com You can even subscribe to our Twitter account -> @ewforecast

 


 

Gregor Horvat

Author: Gregor Horvat

Gregor Horvat
www.ew-forecast.com

Gregor Horvat

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and TheLFB.com. He also is founder of forex services on www.ew-forecast.com. EW-Forecast.com provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website: http://www.ew-forecast.com/

Copyright © 2013-2017 Gregor Horvat

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com