• 5 hours Hedge Funds Having A Banner Year
  • 8 hours Disney Heiress Asks “Is There Such A Thing As Too Much?”
  • 11 hours BHP Turns Bullish On EVs
  • 13 hours Investors Turn Bullish On America’s Nuclear Decommissioning Business
  • 1 day The $90M Inflatable Rabbit Redefining Modern Art
  • 1 day Huawei’s Fate In The Air
  • 1 day Tesla Slashes Prices Again
  • 2 days The Modern History Of Financial Entropy
  • 2 days Italy’s Central Bank Embraces Sustainable Investing
  • 2 days Trump Lifts Metals Tariffs To Cool Simmering Trade War
  • 2 days Researchers Push To Limit Space Mining
  • 3 days Could China Start Dumping U.S. Treasury Bonds?
  • 3 days Is Winter Coming For HBO?
  • 3 days Rise Of EVs Signals Peak Gasoline
  • 4 days Jeff Bezos Doubles Down On Space Colonization Ambitions
  • 4 days Gold Mining Stocks Stuck In Limbo
  • 5 days Executive Order Targets Huawei Over Espionage
  • 5 days Why Now May Be The Best Time Ever To Hold Gold
  • 6 days Fake News Sinks Shares In UK-Based Bank
  • 6 days De Beers To Build $468 Million Diamond Recovery Ship
How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis: USDJPY and NASDAQ 100

USDJPY

USDJPY is falling sharply, clearly making an impulsive extended wave down from 115.50 which may see losses towards the 110.00 level. In the meantime, we think market can see a corrective wave four which can be around the corner back to 111.50-112.00 region, which would be an ideal zone for a new sell-off, but only if substructure in wave four will show us evidences of a corrective look, thus in three legs.

USDJPY, 1H

USD/JPY 1-Hour Chart


NASDAQ 100

NASDAQ 100 has retraced back to the starting point of an ending diagonal which was expected based on minimum expectations, but so far there is only one leg down from the highs, so we expect more weakness as any contra-trend move should be made by minimum three waves. We see now red wave B in progress of that decline which may find a resistance near 5360.

NASDAQ 100, 1H

NASDAQ100 1-Hour Chart
Larger Image

 


Visit our website and Get more charts and forecasts with free access through 14-Day Trial Offer
You can also follow us on twitter @ewforecast
www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment