• 5 hours Federal Reserve Downgrades U.S. Growth And Cuts Rate Hikes
  • 8 hours Disney Beats Out Comcast In $71.3B Mega-Merger
  • 11 hours The Feds Continue To Prop Up Equities Markets
  • 13 hours Bejing's Sway In South China Sea Is Fading
  • 1 day Saudis Eye Billions As Stocks Get Emerging Market Boost
  • 1 day Airbnb In Acquisition Mode Ahead Of IPO
  • 1 day Gold Hangs At $1,300 Ahead Of Fed Meeting
  • 2 days Champagne Sales Slow As European Economic Worries Grow Louder
  • 2 days Putin Signs “Digital Iron Curtain” Into Law
  • 2 days Russian Metals Magnate Sues U.S. Over Sanctions
  • 2 days Tesla Looks To Jump Into Indian Market
  • 3 days Global Banks Lay Groundwork To Re-Inflate Asset Prices
  • 3 days Homeowners Experiment With Risky New Investment Trend
  • 3 days U.S. Tech Stocks Look Increasingly Vulnerable
  • 3 days De Beers To Expand World’s Most Profitable Diamond Mine
  • 4 days Ford CEO Gets Raise After Massive Layoff Round
  • 4 days Germany’s Flirtation With Recession Could Cripple The Global Economy
  • 4 days Where To Look As Gold Miners Inch Higher
  • 5 days Google Faces Billions In Fines From European Regulators
  • 5 days The Energy Industry Has A Millennial Problem
Lending: The Good, Bad, And Ugly

Lending: The Good, Bad, And Ugly

Aristotle said, “The most hated…

The Chatroom Cartel Running Global Bond Markets

The Chatroom Cartel Running Global Bond Markets

Eight major banks have been…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On EURJPY And SUGAR

EURJPY

EURJPY is turning down from 118.37 for the last few days. Till now we have seen one leg down labeled as wave A, followed by a bounce up in wave B, which is still only second leg of a corrective set-back. But we know that corrections are made by three waves, so more weakness is expected to show up down into wave C. Ideally market will fall to around 115.00 before it turns up again.

EURJPY, 4H

EUR/JPY 4-Hour Chart


SUGAR

Daily chart of Sugar gives us a nice idea of a large impulsive move taking place from August of 2015 lows. As we see on the chart, price could now be in red wave (3), specifically in sub-wave 4, which can find its support later this summer around the area of a former blue wave iv, where even some Fibonacci ratios of 38.2 and 50.0 can act as turning points higher.

SUGAR, Daily

Daily Sugar 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