• 14 hours Coronavirus Could Cost Tourism Industry $80 Billion
  • 18 hours What Web Traffic Trends Can Tell Us About The World
  • 22 hours Miners Face Greater Headwinds
  • 2 days Boris Johnson Proposes Billion Dollar Bridge To Northern Ireland
  • 3 days Goldman Slashes Oil Price Forecast By $10
  • 4 days Tesla Raises $2 Billion In Share Selloff
  • 5 days What The T-Mobile Takeover Of Sprint Really Means For Markets
  • 5 days The U.S. Has Charged Huawei With Racketeering And Conspiracy
  • 5 days How Hydrogen Could Become The Fuel Of The Future
  • 6 days Millennials Can’t Retire, But They’ll Still Have To Help Their Parents
  • 6 days This Gold Miner Just Increased Its Dividends By 40%
  • 6 days Airbnb IPO Under Threat As China's Economy Drags
  • 7 days The Infamous Equifax Hack Just Became A National Security Issue
  • 7 days BHP Takes The Crown As World’s Top Copper Miner
  • 7 days Tesla Reopens Chinese Factory After Coronavirus Scare
  • 8 days Armed Troops Storm El Salvador’s Parliament
  • 8 days Is A New Housing Bubble Forming?
  • 8 days The Biggest Challenge Facing West Africa's Single Currency Plan
  • 8 days Iran's Space Program Hits Another Snag
  • 9 days The Politics Of Love In The Digital World
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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…

  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