• 609 days Will The ECB Continue To Hike Rates?
  • 610 days Forbes: Aramco Remains Largest Company In The Middle East
  • 611 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,011 days Could Crypto Overtake Traditional Investment?
  • 1,016 days Americans Still Quitting Jobs At Record Pace
  • 1,018 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,021 days Is The Dollar Too Strong?
  • 1,021 days Big Tech Disappoints Investors on Earnings Calls
  • 1,022 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,024 days China Is Quietly Trying To Distance Itself From Russia
  • 1,024 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,028 days Crypto Investors Won Big In 2021
  • 1,028 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,029 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,031 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,032 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,035 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,036 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,036 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,038 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…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

  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