• 741 days Will The ECB Continue To Hike Rates?
  • 741 days Forbes: Aramco Remains Largest Company In The Middle East
  • 743 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,143 days Could Crypto Overtake Traditional Investment?
  • 1,148 days Americans Still Quitting Jobs At Record Pace
  • 1,150 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,153 days Is The Dollar Too Strong?
  • 1,153 days Big Tech Disappoints Investors on Earnings Calls
  • 1,154 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,156 days China Is Quietly Trying To Distance Itself From Russia
  • 1,156 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,160 days Crypto Investors Won Big In 2021
  • 1,160 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,161 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,163 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,164 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,167 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,168 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,168 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,170 days Are NFTs About To Take Over Gaming?
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On EURJPY And Crude OIL

EURJPY

US markets will be open for trading in a few minutes after yesterday holidays. EURJPY is advancing quite sharply to our designated target for wave C) of a larger triangle correction . We are tracking a five wave move to the upside in this red wave C, and for now we have already seen waves 1 and 2 unfold. We think that price can now ideally reach levels around 125 area, where the upper triangle channel line can act as a resistance and a turning point lower.

EURJPY, 4H

EUR/JPY 4-Hour Chart


Crude OIL

Crude OIL has been trading quite nicely in the last month or so, as five waves from the end of wave 4) are nicely visible on the 4h chart . We believe that after recognizing a triangle correction in wave 4, this last leg that unfolded in impulsive fashion to around 50 mark per barrel may be wave 5, the last wave of an impulsve sequnce, thus meaning that a minor three wave retracement may be just around the corner.

Crude OIL, 4H

Crude Oil 4-Hour Chart

 


Interested in our services ? We have a Special Offer : Get First 2 Months For The Price Of 1!! Grab the opportunity now at www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment