EURJPY Elliott Wave (4) nearing completion

EURJPY 10 January 8 Hour Elliott Wave Analysis

EURJPY has been in a sideways consolidation for the last few weeks and today it broke lower from the consolidation. Many might view it as start of a sustained decline but looking at the choppy nature of the decline from blue (3) peak, we are viewing it as a wave (4) blue pull back of an incomplete 5 wave Elliott wave cycle up from 6/24/2016 low. Wave (4) could unfold as a simple 3 wave pull back, double three, triple three, zig-zag, FLAT or a triangle. In this wave count, wave (4) has taken the … [Read more...]

USDJPY buying dips after a FLAT correction

USDJPY Elliott Wave forecast

Hello fellow traders. In this technical blog we're going to present another nice trading opportunity of USDJPY and we'll explain the strategy in a few words. The video below is a short capture from the London Live Session 01/05/2017 held by EWF Senior Analyst Daud Bhatti. USDJPY Trading strategy: Our Elliott Wave forecast suggests USDJPY is still within bullish cycle from the 06.24.2016 low. We're favoring the long side and suggesting buying the dips at 115.97-115.34 zone against the 114.34 … [Read more...]

NZDJPY Elliott Waves forecasting the rally & buying the dips

1NZDJPY-1

Hello fellow traders, in this technical blog we're going to take a quick look at the past Elliott Wave charts of NZDJPY to see how we guided our members through this instrument. The chart below is $NZDJPY daily update from  11.07.2016 It's  suggesting we're in the potential pull back X red from the 76.90-78.01 area, before resumes higher again toward target area : 79.81-81.61 Now let's take a look at the short term structures... Since November 08/2016 when the pair broke July 12th peak, … [Read more...]

USDJPY : Elliott Waves Calling for the Bounce Higher

1JPY-6020161024211006-oct25

As traders, when we stare at charts everyday, there are times when the forecast of the market is crystal clear. The charts below, from our members area, demonstrates how clear we saw the path for USDJPY on October 18/2016. During the New York Mid-day update, we advised our clients that USDJPY will find support at the 1.0% Fib.Extension equal legs level (blue box) and the pair should bounce from this area. We also advised if any BUYS stops should be placed at the invalidation level at … [Read more...]