• 989 days Will The ECB Continue To Hike Rates?
  • 989 days Forbes: Aramco Remains Largest Company In The Middle East
  • 991 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,391 days Could Crypto Overtake Traditional Investment?
  • 1,395 days Americans Still Quitting Jobs At Record Pace
  • 1,397 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,400 days Is The Dollar Too Strong?
  • 1,401 days Big Tech Disappoints Investors on Earnings Calls
  • 1,402 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,403 days China Is Quietly Trying To Distance Itself From Russia
  • 1,404 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,408 days Crypto Investors Won Big In 2021
  • 1,408 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,409 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,411 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,411 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,415 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,415 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,415 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,418 days Are NFTs About To Take Over Gaming?
Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

  1. Home
  2. Markets
  3. Other

USDJPY and SP500 Intraday: Elliott Wave Analysis

USDJPY is moving down at the moment, following very bad US Durable Goods Orders (-3.4% vs 0.6% exp.). Based on a very strong decline at the moment, we suspect that price will sooner or later revisit the lows and possible test 117.00 area, where we would love to see a bounce after a completed corrective decline.

USDJPY 1h Elliott Wave Analysis

USDJPY 1-Hour Elliott Wave Analysis Chart

Traders, the S&P is trading lower as expected, now moving south with a third leg of decline that we highlighted it yesterday. Ideally that's wave C, third leg within wave E that can look for a support at our 2000-2020 zone.

S&P500 (Mar 2015) 30 Min Elliott Wave Analysis

S&P500 (Mar 2015) 30-Minute Elliott Wave Analysis Chart

 


Please vote for us on FXstreet Nominations "1. Best Analysis" answer 5 #"Elliott Wave Corner" by EW-Forecast >> https://t.co/gqbdRgydrF

 

Back to homepage

Leave a comment

Leave a comment