• 2 hours Homeowners Experiment With Risky New Investment Trend
  • 5 hours U.S. Tech Stocks Look Increasingly Vulnerable
  • 8 hours De Beers To Expand World’s Most Profitable Diamond Mine
  • 10 hours Ford CEO Gets Raise After Massive Layoff Round
  • 1 day Germany’s Flirtation With Recession Could Cripple The Global Economy
  • 1 day Where To Look As Gold Miners Inch Higher
  • 2 days Google Faces Billions In Fines From European Regulators
  • 2 days The Energy Industry Has A Millennial Problem
  • 3 days Russian Banks Scramble For Sanction Loopholes
  • 3 days Gold ETFs Take A Hit After Four-Month Run
  • 4 days European Union Takes Aim At Ten New Tax Havens
  • 4 days Goldman Defends Trillion-Dollar Corporate Buyback Spree
  • 4 days $600 Billion At Risk As Boeing Fallout Continues
  • 4 days Venezuela Has Yet Another Crisis Developing
  • 5 days Wells Fargo Accused Of “Ongoing Lawlessness”
  • 5 days Hollywood Agency Returns $400M Investment To Saudi Wealth Fund
  • 5 days Why Twitter's CEO Is Backing A New Bitcoin Boom
  • 5 days U.S. Treasury To Employ “Extraordinary Measures” To Fend Off Default
  • 6 days Lobster, Golf Carts And Fidget Spinners: What’s In The Federal Budget?
  • 6 days Italy Launches New Welfare Experiment
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: USDJPY And USD Index

USDJPY is in a strong bullish mode for the last few months so recent pullback down to 116.00 was nothing else than just another correction within uptrend. We labeled fourth wave pullback that can be finished already based on recent break out of a corrective channel that makes room for higher prices within wave five of III that can see even 120-121 region this month.

USDJPY, 4H

USD/JPY 4-Hour Chart

USD index made a nice pullback down from 103.63 to 102.00 in the last two weeks. It's a clear three wave move that represents wave 4) of a higher degree that is now pointing higher into wave 5). If we are correct then market will make a new five wave rise above 103.63.

USD Index, 4H

US Dollar Index 4-Hour Chart

 


Interested in our services? Then visit our homepage at www.ew-forecast.com and take a glace at some of our charts. You can even subscribe to our Twitter account -> @ewforecast

 

Back to homepage

Leave a comment

Leave a comment