Logo-color Logo-white

Short Term Elliott Wave View in USDJPY suggests decline to 139.57 ended wave (W). Pair then corrected in wave (X) with internal subdivision as a double three Elliott Wave structure. Up from wave (W), wave ((w)) ended at 142.46 and pullback in wave ((x)) ended at 140.43. Rally in wave ((y)) ended at 143.94 which […]

The post Intraday Elliott Wave View Favors More Downside in USDJPY appeared first on Action Forex.

previous

WTI Crude Oil Dips Once More: Is More Weakness Ahead?

next

Euro Area Inflation and US Labour Market Data in Focus

Read More

03/02/2024

Canadian Dollar Eyes US Nonfarm Payrolls

US nonfarm payrolls expected to drop to 180,000 The week wraps up with the US nonfarm payroll report later today. The ADP employment report, which was released on Wednesday, fell from 158,000 to 107,000. The ADP report isn’t considered a reliable guide for nonfarm payrolls, but investors still attach significance to it as they hunt […]
19/11/2024

US 100 Index Awaits Fresh Direction

US 100 index slides below 20-day EMA, but remains supported Technical indicators reflect uncertainty among traders The US 100 stock index has recently pulled from a record high of 21,230 to set a footing near the 23.6% Fibonacci retracement of its August-November uptrend at 20,288. Despite its retreat, the index seems well-supported and market sentiment […]
04/06/2024

Sunset Market Commentary

Markets Markets remained stuck in yesterday’s (US) trading mode in absence of important EMU eco data or ECB talk (silent period ahead of Thursday’s meeting). That means a bid for core bonds as the (US) growth part of the equation enters the spotlight. Investors yesterday zoomed in on significantly declining new orders in the US […]