• 267 days Could Crypto Overtake Traditional Investment?
  • 272 days Americans Still Quitting Jobs At Record Pace
  • 274 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 277 days Is The Dollar Too Strong?
  • 277 days Big Tech Disappoints Investors on Earnings Calls
  • 278 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 280 days China Is Quietly Trying To Distance Itself From Russia
  • 280 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 284 days Crypto Investors Won Big In 2021
  • 284 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 285 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 288 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 288 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 291 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 292 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 292 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 294 days Are NFTs About To Take Over Gaming?
  • 295 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 298 days What’s Causing Inflation In The United States?
  • 299 days Intel Joins Russian Exodus as Chip Shortage Digs In
  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