• 744 days Will The ECB Continue To Hike Rates?
  • 744 days Forbes: Aramco Remains Largest Company In The Middle East
  • 746 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,146 days Could Crypto Overtake Traditional Investment?
  • 1,151 days Americans Still Quitting Jobs At Record Pace
  • 1,153 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,156 days Is The Dollar Too Strong?
  • 1,156 days Big Tech Disappoints Investors on Earnings Calls
  • 1,157 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,159 days China Is Quietly Trying To Distance Itself From Russia
  • 1,159 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,163 days Crypto Investors Won Big In 2021
  • 1,163 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,164 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,166 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,167 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,170 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,171 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,171 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,173 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

EURUSD and USDJPY Intraday - Elliott Wave Analysis

EURUSD is turning nicely down for the last few hours, possibly with first small impulse through the channel support line which is a first evidence for a short-term weakness in minimum three waves. However, that's still not enough for confirmed top of a red wave C); we need overlap with 1.1232 level first. In that case we will look straight to the downside.

EURUSD 1h Elliott Wave Analysis

EURUSD 1-Hour Elliott Wave Analysis Chart

USDJPY doesn't show us any signs of a completed correction yet, but price definitely approaches to some interesting region where bulls come into play. We are looking at 119.80-120.00 area from where pair could bounce this week in impulsive fashion.

USDJPY 1h Elliott Wave Analysis

USDJPY 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
Want to receive more insights like these, free? We'd be happy to email them to you. Join our mailing list >> http://goo.gl/0KctEr

 

Back to homepage

Leave a comment

Leave a comment