• 1,161 days Will The ECB Continue To Hike Rates?
  • 1,161 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,163 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,563 days Could Crypto Overtake Traditional Investment?
  • 1,567 days Americans Still Quitting Jobs At Record Pace
  • 1,569 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,572 days Is The Dollar Too Strong?
  • 1,573 days Big Tech Disappoints Investors on Earnings Calls
  • 1,574 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,575 days China Is Quietly Trying To Distance Itself From Russia
  • 1,576 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,580 days Crypto Investors Won Big In 2021
  • 1,580 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,581 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,583 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,583 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,587 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,587 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,587 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,590 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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: EURUSD and USDJPY

EURUSD

US NFP came lower than expected but this will not prevent USD from rising, which made just a spike up on EURUSD and now price is already turning so maybe a flat correction is finished. However, daily close price is always the most important price of the day, not forget on weekly candles too. So if we will see more weakness during the US hours, and a close below blue wave four swing at 1.0481 then this will be indication that pair is going to see lower levels next week.

EURUSD, 1H

EUR/USD 1-Hour Chart


USDJPY

USDJPY is higher, but still not above 117.22, an overlap of a blue wave iv is needed to put lows in place.

USDJPY, 1H

USD/JPY 1-Hour Chart

 


ew-forecast ad

 

Back to homepage

Leave a comment

Leave a comment