• 1,161 days Will The ECB Continue To Hike Rates?
  • 1,162 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,163 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,563 days Could Crypto Overtake Traditional Investment?
  • 1,568 days Americans Still Quitting Jobs At Record Pace
  • 1,570 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,573 days Is The Dollar Too Strong?
  • 1,573 days Big Tech Disappoints Investors on Earnings Calls
  • 1,574 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,576 days China Is Quietly Trying To Distance Itself From Russia
  • 1,576 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,580 days Crypto Investors Won Big In 2021
  • 1,580 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,581 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,583 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,584 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,587 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,588 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,588 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,590 days Are NFTs About To Take Over Gaming?
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  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