• 1,207 days Will The ECB Continue To Hike Rates?
  • 1,207 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,209 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,609 days Could Crypto Overtake Traditional Investment?
  • 1,614 days Americans Still Quitting Jobs At Record Pace
  • 1,616 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,619 days Is The Dollar Too Strong?
  • 1,619 days Big Tech Disappoints Investors on Earnings Calls
  • 1,620 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,622 days China Is Quietly Trying To Distance Itself From Russia
  • 1,622 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,626 days Crypto Investors Won Big In 2021
  • 1,626 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,627 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,629 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,630 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,633 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,634 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,634 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,636 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

USDJPY and Crude OIL Intraday - Elliott Wave Analysis

USDJPY can be in fourth wave here of a new bullish turn up from 123.00 low. If that is the case then new high will follow today, up to around 124.00 area. If that will prove correct, and if channel resistance line will be taken out then our view will be for longs in red wave ii). Keep a very close eye on that one.

USDJPY 1h Elliott Wave Analysis

USDJPY 1-Hour Elliott Wave Analysis Chart

We adjusted the wave count on crude as price keeps trading sharply lower so who knows where it will bottom. That said, it's better to stay with a trend and be aware of even more weakness after any pullback. We see fourth wave coming, which can retrace back to 48-48.70 area before downtrend will resume.

Crude Oil (Sep 2015) 1h Elliott Wave Analysis

Crude Oil (Sep 2015) 1-Hour Elliott Wave Analysis Chart

 


What Can You Get For 1€? At ew-forecast.com Try 1 Month Full Service >> http://www.ew-forecast.com/register

 

Back to homepage

Leave a comment

Leave a comment