USDJPY Elliott Wave Analysis: 4-Month Triangle Could Be Near Completion
USDJPY Daily
USDJPY is trapped in tight range for around four months now which could be at the end if we consider an Elliott Wave triangle pattern that is pointing higher. The reason is a move in five legs, labeled as A-B-C-D-E, which suggests that pattern is near completion. In fact, we have seen a sharp reversal last week from 61.8% Fibonacci support compared to wave C) distance which is usually a stopping point for E) waves. As such
USDJPY Could Rally While 10 Year US Treasuries Are Moving Lower – Elliott Wave
USDJPY 4h Elliott Wave US Bonds were trading lower in the last two sessions after the minutes of the Federal Reserve showed that most policymakers still favor a tapering
USDJPY Elliott Wave Analysis Suggests Short-term Prices Are Back In Bullish Mode
USDJPY reversed sharply from 97.75 region in this week, which appears to be an impulsive price action that also took out the upper side of a downward channel.
USD/JPY: Yen Climbs From Noda’s Pursuance of Stimulus Measures
The Japanese yen lost by 8 pips versus the American dollar as the future of nuclear power in Japan has continued to be an issue, more so, in
U.S. Dollar Rises as Investors Take Risk Off
The U.S. Dollar is rising sharply at the mid-session as risk aversion is back on following a surprisingly weak U.S. jobless claims report. The Euro is now trading lower
Euro Holds Steady to Better after Trichet’s Positive Spin
The U.S. Dollar istrading mostly lower versus the major currencies today in light trading astraders curtail activity ahead of Friday’s U.S. Non-Farm Payrolls Report. Theemployment report is expected
U.S. Dollar Weaker as Fed Mulls Quantitative Easing
The U.S. Dollar is under pressure againstmost majors on speculation the Fed will consider restarting its quantitativeeasing program following next week’s FOMC meeting on August 10. The U.S. Dollar
U.S. Dollar Weaker as Fed Mulls Quantitative Easing
The U.S. Dollar is under pressure againstmost majors on speculation the Fed will consider restarting its quantitativeeasing program following next week’s FOMC meeting on August 10. The U.S. Dollar
U.S. Dollar Deepens Losses
The U.S. Dollar remains under pressure atthe mid-session following overnight news regarding a strengthening globaleconomy and weaker U.S.business conditions in July. The U.S. Dollar remains under pressure atthe
U.S. Dollar Strengthens after Bearish Durable Goods Report
The U.S. Dollarstrengthened following the release of a poor durable goods report. Economistswere looking for a 1.0% increase; the actual change was reported as -1.0%.Investors did an about
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