• 268 days Could Crypto Overtake Traditional Investment?
  • 273 days Americans Still Quitting Jobs At Record Pace
  • 275 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 278 days Is The Dollar Too Strong?
  • 278 days Big Tech Disappoints Investors on Earnings Calls
  • 279 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 281 days China Is Quietly Trying To Distance Itself From Russia
  • 281 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 285 days Crypto Investors Won Big In 2021
  • 285 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 286 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 288 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 289 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 292 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 293 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 293 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 295 days Are NFTs About To Take Over Gaming?
  • 296 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 299 days What’s Causing Inflation In The United States?
  • 300 days Intel Joins Russian Exodus as Chip Shortage Digs In
  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On USDJPY And NZDUSD

USDJPY

USDJPY remains on a bearish foot since pair accomplished that three wave rise last week at 103.37. We see lower highs and lower lows since then so we assume that's wave C headed to a new low and possibly to 100.50/80 area where pair may face some support this week, so bounce may follow from end of wave D); ideally after the FED.

USDJPY, 1H

USD/JPY 1-Hour Chart


NZDUSD

NZDUSD is at the high of the day but now at resistance with sub wave C at 50% retracement level and near former wave 4 swing high where usually market makes an important swings. As such, we think that upside can be limited soon and that bears could cause a turning pointing in the next 24 hours. From a confirmation point of view, a decline beneath wave "e of B" would indicate a completed wave 2).

NZDUSD, 1H

NZD/USD 1-Hour Chart

 


Interested in our services? We have a Special Offer: Get 1 Month Access For 1€!! Grab the opportunity now at www.ew-forecast.com You can even subscribe to our Twitter account -> @ewforecast

 

Back to homepage

Leave a comment

Leave a comment