• 1,062 days Will The ECB Continue To Hike Rates?
  • 1,063 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,064 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,464 days Could Crypto Overtake Traditional Investment?
  • 1,469 days Americans Still Quitting Jobs At Record Pace
  • 1,471 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,474 days Is The Dollar Too Strong?
  • 1,474 days Big Tech Disappoints Investors on Earnings Calls
  • 1,475 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,477 days China Is Quietly Trying To Distance Itself From Russia
  • 1,477 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,481 days Crypto Investors Won Big In 2021
  • 1,481 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,482 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,484 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,485 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,488 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,489 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,489 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,491 days Are NFTs About To Take Over Gaming?
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

  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