• 967 days Will The ECB Continue To Hike Rates?
  • 968 days Forbes: Aramco Remains Largest Company In The Middle East
  • 969 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,369 days Could Crypto Overtake Traditional Investment?
  • 1,374 days Americans Still Quitting Jobs At Record Pace
  • 1,376 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,379 days Is The Dollar Too Strong?
  • 1,379 days Big Tech Disappoints Investors on Earnings Calls
  • 1,380 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,382 days China Is Quietly Trying To Distance Itself From Russia
  • 1,382 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,386 days Crypto Investors Won Big In 2021
  • 1,386 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,387 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,389 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,390 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,393 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,394 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,394 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,396 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis: EURUSD and USDJPY

EURUSD

US NFP came lower than expected but this will not prevent USD from rising, which made just a spike up on EURUSD and now price is already turning so maybe a flat correction is finished. However, daily close price is always the most important price of the day, not forget on weekly candles too. So if we will see more weakness during the US hours, and a close below blue wave four swing at 1.0481 then this will be indication that pair is going to see lower levels next week.

EURUSD, 1H

EUR/USD 1-Hour Chart


USDJPY

USDJPY is higher, but still not above 117.22, an overlap of a blue wave iv is needed to put lows in place.

USDJPY, 1H

USD/JPY 1-Hour Chart

 


ew-forecast ad

 

Back to homepage

Leave a comment

Leave a comment