$CADJPY Short-term Elliott Wave Analysis 6.15.2016

Short Term Elliottwave structure suggests that rally to 84.43 ended wave ((x)). Decline from there is unfolding as a double three where wave (w) ended at 82.6 and wave (x) ended at 83.47. Wave (y) is in progress as a double three where wave “w” is proposed complete at 82.13 and wave “x” bounce is expected to fail below 83.47, and more importantly below 84.57, for more downside towards 81.2 – 81.6 area.

1CADJPY 6020160615035925

At EWF we offer 24 hour coverage of 50 instruments from Monday – Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Free Trial to sample everything EWF has to offer


Subscribe to our Forex Blog

First Name: *
Last Name: *
Your Email Address: *