• 23 hours No Shirt, No Shoes, No Mask, No Service
  • 2 days Is Bitcoin Actually Worth The Energy It Uses?
  • 2 days Insurance Companies Are Turning People Away As COVID-19 Crisis Escalates
  • 2 days Mining Exploration To Drop By Nearly 30% Despite Gold Boom
  • 2 days Europe Set To Unveil Its $500 Billion 'Green Deal'
  • 3 days Major Diamond Mine Slashes Production
  • 3 days Social Security Could Dry Up In Less Than A Decade
  • 4 days Europe On The Brink Of Economic Crisis
  • 4 days Barrick Gold Launches Exploration Program In Japan
  • 4 days COVID-19 Is A Hacker’s Paradise
  • 4 days Why Big Finance Is Bailing On Fossil Fuels
  • 5 days A New Trade War Will Send Gold Even Higher
  • 5 days Could COVID-19 Lead To Authoritarianism?
  • 6 days The $30 Trillion Mega-Trend To Watch As Markets Bounce Back
  • 6 days Gold Soars To 7-Year Highs
  • 7 days From Smartphones To Smart VR Acquisition, Apple Pushes the Envelope
  • 9 days Why Covid-19 Won’t Kill The Renewable Revolution
  • 10 days COVID-19 Could Spark A Global Food Crisis
  • 10 days How To Play The Next Big Rally In Gold
  • 11 days Chinese Investment In The U.S. Has Plunged By 90%
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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…

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 Intraday Analysis On EURJPY And Crude OIL

EURJPY

US market is about to open. Retail sales in US was much better then expected and USD is on the rise all over the board. On the intraday chart of EURJPY, price made a nice corrective pattern named a Flat that could be near completion as three sub-waves are already visible. If price breakes above the 124.185 mark, then we can anticipate a new high ahead.

EURJPY, 1H

EUR/JPY 1-Hour Chart


Crude OIL

OIL sustained its uptrend and is now trading in the 46.37 range. We see this latest consolidation as a triangle pattern and we might see one more push down as wave E in order to complete it. As soon as this triangle is completed we believe that price can continue its bullish momentum into the last wave five.

Crude OIL, 1H

Crude Oil 1-Hour Chart

 


Are you also wondering where is the EURJPY or OIL headed Long-term? We have special daily updates for active traders. For more details, visit our page at www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment