• 16 hours From Frenzy To Flop, The Death Of This Year’s Most Hyped IPO
  • 21 hours Are Smart TVs Spying On Us?
  • 23 hours Is Fossil Fuel Divestment A Waste Of Time?
  • 2 days A Russian Billionaire’s Space Quest To Save Humanity
  • 2 days Markets Take Breather As Consolidation Continues
  • 2 days Economic Woes Weigh On Copper Prices
  • 2 days World's Largest IPO At Risk Following Drone Strikes
  • 3 days Gold Is Beating Buffett’s Berkshire Hathaway
  • 3 days What’s Behind The Silver Sell-Off?
  • 3 days The Retail Apocalypse Is Accelerating
  • 3 days The Top Tech Stocks Of The Year
  • 4 days America’s Workforce Elderly Workforce To Double By 2028
  • 4 days Toyota Tests Solar-Powered Prius
  • 5 days Why The Gold Rally Flatlined
  • 5 days The Uranium Sector Can’t Catch A Break
  • 6 days Upcoming Fed Meeting Has Investors On Edge
  • 6 days Global Gold Sector Outlines Responsible Mining Principles
  • 7 days China’s Giant Vampire Fund Loses $120B
  • 7 days McDonalds To Roll Out Robot Drive-Thru Clerks
  • 7 days Savvy Investors Are Betting Big On This Little Data Company
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On USDJPY And SILVER

USDJPY

USDJPY saw some weakness recently from 101.80/102.00 area, but so far only in three waves so it can be wave X of a complex corrective rally. If that's the case then market will reach higher prices next week around 102.20/40 before new sell-off may show up. On the other-hand, decline beneath 100.75 would suggest that bears are already back.

USDJPY, 1H

USD/JPY 1-Hour Chart


SILVER

Silver is moving fast at the moment, now trading at 19.64 with very aggressive price moves, so it appears that wave 3 might have already started. However, it is still only intraday price movement, but daily close here or even higher will likely suggest that a push up to 20.00 will happen next week. On the other-hand decline beneath 19.25 will put bears back in play.

Silver, 1H

Silver 1-Hour Chart

 


Interested in our services? We have a Special Offer: Get 14 Days 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