Free Charts
Shina Inu shows signs of stabilization after a completed (W)(X)(Y) decline, opening the door for a three-wave ABC recovery toward the 0.000015–0.000025 resistance area.
AUDJPY is continuing its strong recovery, breaking above 104 after December’s channel breakout. The move looks like wave three, signaling further upside toward the July 2024 highs as long as 100.95 holds.
Market Sentiment Turns Cautious as Dollar Shows Reversal Signals; Elliott Wave Intraday Analysis
Markets opened the week under pressure amid political tensions and geopolitical concerns. While equities moved lower, the US dollar also weakened, signaling potential loss of confidence and a developing reversal on DXY that could lead to further downside if conditions align.
USDJPY is ranging between 154–158 after a strong rally, showing corrective price action consistent with a fourth-wave retracement. With the broader trend still bullish, a fifth-wave continuation could drive price toward the 160 area in the coming weeks, while any deeper pullbacks may find support around 154–155.
GBPUSD remains in an upward channel after pushing above 1.3525, keeping the broader bullish structure intact. However, the advance may represent a fifth wave from a running triangle, opening the door for a corrective pullback toward 1.3416 or 1.3312 before the uptrend potentially resumes.
Elliott Wave Free Charts - Wavetraders
On this Elliott Wave analysis page we share some selective Elliott wave free charts and quick market updates and Elliott wave videos that might be important based on particular global market events that are happening right now. All our Elliott wave charts published on this page can be interesting for…
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