• 746 days Will The ECB Continue To Hike Rates?
  • 746 days Forbes: Aramco Remains Largest Company In The Middle East
  • 748 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,148 days Could Crypto Overtake Traditional Investment?
  • 1,153 days Americans Still Quitting Jobs At Record Pace
  • 1,155 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,158 days Is The Dollar Too Strong?
  • 1,158 days Big Tech Disappoints Investors on Earnings Calls
  • 1,159 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,161 days China Is Quietly Trying To Distance Itself From Russia
  • 1,161 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,165 days Crypto Investors Won Big In 2021
  • 1,165 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,166 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,168 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,169 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,172 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,173 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,173 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,175 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

USDJPY and USDCAD Intraday: Elliott Wave Analysis

USDJPY is turning down right now, probably into our wave c that can be targeting 116.50-117.00 area. Ideally bearish will stop here and cause a turning point to the upside. If we will see an upward reaction from the highlighted levels then we might be looking for longs in sessions ahead.


USDJPY 1h Elliott Wave Analysis

USDJPY 1h Elliott Wave Analysis

USDCAD might have already completed a corrective fourth wave so new highs could follow soon, but maybe not for long as we see pair breaking up into fifth wave within an extended red wave iii). We see technical resistance near 1.2420/50, from where a red wave iv) could occur in days ahead. This fourth wave would be on my radar screen for longs.


USDCAD 1h Elliott Wave Analysis

USDCAD 1h Elliott Wave Analysis

 


Please vote for us on FXstreet Nominations "best analysis" answer 5 #"Elliott Wave Corner" by EW-Forecast >> https://t.co/gqbdRgydrF

 

Back to homepage

Leave a comment

Leave a comment