• 674 days Will The ECB Continue To Hike Rates?
  • 674 days Forbes: Aramco Remains Largest Company In The Middle East
  • 676 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,076 days Could Crypto Overtake Traditional Investment?
  • 1,080 days Americans Still Quitting Jobs At Record Pace
  • 1,082 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,085 days Is The Dollar Too Strong?
  • 1,086 days Big Tech Disappoints Investors on Earnings Calls
  • 1,087 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,088 days China Is Quietly Trying To Distance Itself From Russia
  • 1,089 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,093 days Crypto Investors Won Big In 2021
  • 1,093 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,094 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,096 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,096 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,100 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,100 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,100 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,103 days Are NFTs About To Take Over Gaming?
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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: USD Index and AUDJPY

On USD Index we are observing a three wave pullback in the making, that is part of wave B/2 and can see support around the previous swing low of wave iv), where even Fibonacci ratios of 50.0 or 61.8 come in play. That said, a five wave rally higher would suggest that wave B/2 is over and that wave C/3 can be in play.

USD Index, 1H

US Dollar Index 1-Hour Chart

AUDJPY is trading at the end of a bigger Elliott wave triangle pattern. The thing about triangle corrections is that they usually occur prior to the final wave, which means one more drop can follow on the pair. That said, we also need confirmation point of view that the pattern is fully unfolded, which means a five wave fall and a break below the previous wave D swing would be our confirmation.

AUDJPY, 4H

AUD/JPY 4-Hour Chart

 


Interested in our services? We have a Special Offer: Get 2 Months For Price of 1!! Grab the opportunity now at www.ew-forecast.com

Also, check our latest video analysis on GBPUSD, EURUSD and USD Index.  Click here https://www.youtube.com/watch?v=wRZgeCOo03E&feature=youtu.be

 

Back to homepage

Leave a comment

Leave a comment