In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of NZDJPY. In which, the rally from 24 March 2023 low unfolded as an impulse sequence and showed a higher high sequence. Therefore, we knew that the structure in NZDJPY is incomplete to the upside & should extend higher. So, […]
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USDCAD Elliott Wave View: Correction May Fail for Extension Lower
Read MoreUSDCAD Short Term Elliott Wave view suggests that the rally to 1.2998 on May 08,2018 high ended Primary wave ((2)). The internals of Primary wave ((2)) unfolded as a Zigzag Elliott Wave structure where Intermediate wave (A) ended at 1.29. Afterwards, the sideways consolidation to 1.2837 low ended Intermediate wave (B) as a triangle Elliott […]
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GBPNZD Elliott Wave View: Ending an Impulse Move
Read MoreGBPNZD short-term Elliott wave view suggests that the rally to 1.9758 on 4/26 high ended Intermediate wave (A). Down from there, Intermediate wave (B) remains in progress as a double three Elliott Wave structure. The internals of each leg in double three (WXY) sub-divides into 3 waves corrective sequence and usually is the combination of two […]
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CADJPY Elliott Wave View: Calling Strength Higher
Read MoreCADJPY Short Term Elliott Wave view suggests that the decline from 4/13 peak at 85.76 to 83.87 low ended Intermediate wave (2) as a double three Elliott Wave structure. The internal subdivision of the decline from 85.76 high shows an overlapping structure. This suggests the decline is corrective in nature. We label the correctin as W-X-Y. […]
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EURJPY Forecasting The Decline After Elliott Wave Flat
Read MoreHello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of EURJPY published in members area of the website. As our members know, the pair has been trading lately within Elliott Wave Flat structure. In further text we’re going to explain the forecast and Elliott Wave […]
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GBPCAD Elliott Wave View: Calling The Bounce Soon
Read MoreGBPCAD Elliott wave view in shorter cycles suggests that the decline from 3/19/2018 high 1.8417 is unfolding as a Zigzag structure in intermediate wave (W) lower. The internals of a zigzag structure unfolds with sub-division of 5-3-5 wave structure when wave A & C consists of 5 waves structure, which can be labeled as impulse […]
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NZDJPY Elliott Wave View: Impulse Sequence In Progress
Read MoreNZDJPY Elliott Wave view in short-term cycles suggests that the bounce to 79.62 high ended Intermediate wave (X). Down from there, Intermediate wave (Y) remains in progress as a Zigzag Elliott Wave structure in which the first leg of the zigzag (Minor wave A) is unfolding as an impulse Elliott Wave structure looking to see another push lower before […]