• 9 hours S&P 500 Officially In An Earnings Recession
  • 13 hours Miners Are Weathering The Trade War Storm
  • 16 hours UK Credit Card Interest Rates Are Skyrocketing
  • 1 day From Frenzy To Flop, The Death Of This Year’s Most Hyped IPO
  • 2 days Are Smart TVs Spying On Us?
  • 2 days Is Fossil Fuel Divestment A Waste Of Time?
  • 2 days A Russian Billionaire’s Space Quest To Save Humanity
  • 2 days Markets Take Breather As Consolidation Continues
  • 3 days Economic Woes Weigh On Copper Prices
  • 3 days World's Largest IPO At Risk Following Drone Strikes
  • 3 days Gold Is Beating Buffett’s Berkshire Hathaway
  • 3 days What’s Behind The Silver Sell-Off?
  • 4 days The Retail Apocalypse Is Accelerating
  • 4 days The Top Tech Stocks Of The Year
  • 4 days America’s Workforce Elderly Workforce To Double By 2028
  • 5 days Toyota Tests Solar-Powered Prius
  • 5 days Why The Gold Rally Flatlined
  • 6 days The Uranium Sector Can’t Catch A Break
  • 6 days Upcoming Fed Meeting Has Investors On Edge
  • 7 days Global Gold Sector Outlines Responsible Mining Principles
Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

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 USDJPY And EURUSD

USDJPY

USDJPY is up for the last few hours, but downward structure for wave v is not completed yet as decline from 117.54 should be made five sub-waves. That said, be aware of more weakness soon towards 110.00 but only if 114.22 invalidation level will stay in place. If from any reason price will break higher and start rising aggressively towards 117.00 then we may consider a low in place.

USDJPY, 1H

USDJPY 1-Hour Chart


EURUSD

We still do not have signs of a top here on EURUSD but it may be near as we see price in fifth wave while RSI has a divergence. We however are waiting on impulsive drop in price through 1.1160 swing to confirm that upside is finished on EURUSD. Until that happens 1.1400 can be reached easily.

EURUSD, 1H

EURUSD 1-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