"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 9 hours Why Criminals' Cryptocurrency Choices Matter To Average Investors
  • 1 day OPEC ‘Supergroup’ Keeps Oil Exports Subdued
  • 2 days One Belt, One Road, One Direction for Precious Metals
  • 2 days Vicious Trio Keeps Bitcoin in Chokehold
  • 2 days How Infrastructure Is Driving A Commodity Boom
  • 2 days What’s Really Happening With Venezuela’s “El Petro?”
  • 2 days Gold Bull and Bear Markets
  • 2 days 5 Big Drivers of Higher Inflation Rates Ahead
  • 3 days U.S. And China To Face Off Over Aramco IPO
  • 3 days Gold Bulls, Brace Yourselves – Fed Hikes Are Coming!
  • 3 days Stocks Fail to Hold Gains, But Still No Correction
  • 3 days Cryptojacking: A New Threat Vector To Critical Infrastructure
  • 4 days Why The Next Oil Boom Will Be Fueled By Blockchain
  • 4 days 5 Things Investors Should Know About China this New Year
  • 4 days Is The South Korean Crypto-Drama Finally Over?
  • 4 days Miners’ Rally? What Rally? Watch Out for More Fake Moves!
  • 4 days Four Percent 10-year Note Yield Will Be a Floor Not a Ceiling
  • 4 days The End Is Near
  • 5 days 5 Record Breaking Gemstones Even Billionaires Can’t Buy
  • 5 days Irredeemable Currency De-tooths Savers
Irredeemable Currency De-tooths Savers

Irredeemable Currency De-tooths Savers

An irredeemable currency system traps…

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




Don't Miss A Single Story