• 22 hours Why The World's Central Banks Aren't Yet Sold On Renewables
  • 2 days How Much More Cash Can Uber Burn?
  • 2 days Inside The Biggest Counterfeit Gold Scandal In Recent History
  • 2 days EU-U.S. Trade Relations Are Deteriorating
  • 3 days Over 184 Companies Have Bailed On Facebook
  • 3 days BP Sells Petrochemical Business For $5 Billion
  • 3 days U.S. Moves To Secure Domestic Rare Earth Supply
  • 4 days E-Commerce Explodes As Boomers Go Digital
  • 4 days Major U.S. Cities Are Turning To Renewables
  • 5 days Economic Reopening Backfires, COVID Surge Snaps Recovery
  • 5 days How Are Low Car Sales Impacting The Metals Market?
  • 6 days Are Gold Stocks Still Undervalued?
  • 6 days Singapore's $3 Billion Oil Trading Scandal
  • 7 days Luxury Clothing Isn’t A Priority As Americans Grapple With COVID-19
  • 7 days Natural Gas Demand Hits 25-Year Low
  • 8 days Gold Inches Towards $1,800 As Investors Pile Into ETFs
  • 8 days The War On Gold Has Begun
  • 9 days Immigration Attack Will Ruin America’s Tech Dominance
  • 9 days Saudi Arabia Builds $4 Billion Tourism Fund
  • 10 days U.S. Banks Have Seen $2 Trillion In Deposits Since January
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Gregor Horvat

Gregor Horvat

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for…

Contact Author

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On USDCHF And EURJPY

USDCHF

On the intraday chart of USDCHF we are tracking an extended wave 3 that seems to be near completion, as the last blue wave v is already in motion with visible five subwaves up from 0.9848. That said traders must be aware of a corrective set-back in the near-term; possibly even back to levels around 0.9900 or even 0.9848, support of a former wave four.

USDCHF, 4H

USDCHF 4-Hour Chart


EURJPY

EURJPY moved down as expected from our correction in blue wave two, and can now ideally continue towards our 138.2 fibo. ratio. Notice that on the hourly chart we are tracking an extended blue wave three which may break beneath 125.79 soon, but from a larger point of view we think that 125.00 can be seen in sessions ahead while price trades beneath 127.15.

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