• 20 hours Silver Steadies Following Wild Week In Precious Metals Markets
  • 1 day $5 Million Gold Toilet Vanishes
  • 1 day Gold On The Rise After Fed Rate Cut
  • 2 days Oil Trader Loses $320 Million On Derivative Bets
  • 2 days S&P 500 Officially In An Earnings Recession
  • 3 days Miners Are Weathering The Trade War Storm
  • 3 days UK Credit Card Interest Rates Are Skyrocketing
  • 3 days From Frenzy To Flop, The Death Of This Year’s Most Hyped IPO
  • 4 days Are Smart TVs Spying On Us?
  • 4 days Is Fossil Fuel Divestment A Waste Of Time?
  • 4 days A Russian Billionaire’s Space Quest To Save Humanity
  • 5 days Markets Take Breather As Consolidation Continues
  • 5 days Economic Woes Weigh On Copper Prices
  • 5 days World's Largest IPO At Risk Following Drone Strikes
  • 5 days Gold Is Beating Buffett’s Berkshire Hathaway
  • 6 days What’s Behind The Silver Sell-Off?
  • 6 days The Retail Apocalypse Is Accelerating
  • 6 days The Top Tech Stocks Of The Year
  • 6 days America’s Workforce Elderly Workforce To Double By 2028
  • 7 days Toyota Tests Solar-Powered Prius
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On AUDUSD And EURJPY

AUDUSD

Traders, the FX market is still very slow but at least gold is showing some signs of life. With higher gold we may expect higher AUDUSD too which is trapped in a small 40pip range but break to the upside may follow soon if metals will continue to improve. On the hourly chart of Aussie we see bullish pattern after three waves down last week, but we still need five waves up to confirm low in place at 0.7093. If pair will close up today, then we may even consider new long entries this week, on the wave ii) pullback.

AUDUSD, 1H

AUDUSD 1-Hour Chart


EURJPY

EURJPY can be very interesting this week if EURUSD will not move down much and if USDJPY will finally catch up the gains with DAX. On the 4h chart below there is a nice bullish count that can be bottoming but we would need 134.00 before we may chase long entries.

EURJPY, 4H

EURJPY 4-Hour Chart

 


If you like our trading analysis, you can visit our website at --> www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment