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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$CADJPY Short Term Elliott Wave Analysis 02.03.2016
Read MoreShort term Elliottwave structure suggests decline to 78.93 at 1/20 ended wave ((W)) and wave ((X)) bounce is unfolding as a double three (W)-(X)-(Y) structure where wave (W) ended at 84.1, wave (X) ended at 82.17, and wave (Y) of ((X)) ended at 87.03. Bounces are now expected to stay below 87.03 for at least another […]
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$CADJPY Short Term Elliott Wave Analysis 02.02.2016
Read MoreShort term Elliottwave structure suggests decline to 78.93 at 1/20 ended wave ((W)). From this level, wave ((X)) bounce is unfolding in a double three structure where wave (W) ended at 84.12, wave (X) ended at 82.17, and wave (Y) is in progress towards 87.3 – 88.55 area to end the cycle from 1/20 low. Near term, while pullback stays […]
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UK’s demands addressed this month: impact on Poundsterling?
Read MoreWe argued in our article on Dec 30, 2015 titled Will Euro Referendum and Brexit affect GBP that Poundsterling can perform poorly in 2016 due to the domestic and political uncertainty surrounding U.K’s membership in the European Union (Brexit). For brief background about the Brexit issue, you can read the old article from the link above. In the same article, we pick $GBPJPY to extend […]
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Will Bank of Japan’s hands be forced to ease further?
Read MoreThe Bank of Japan (BOJ) will have a meeting this week on Friday, Jan 29 to decide on monetary policy and they are going to have a tough decision to make. Having introduced asset purchase program in 2013, dubbed as QQE (Quantitative and Qualitative Easing) and then in 2014 expanded the program to 80 trillion Yen ($665 billion) per year, […]
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$USDJPY Short Term Elliott Wave Analysis 01.22.2016
Read MoreRevised short term Elliott Wave cycle suggests cycle from 12/18 peak has ended with with (Y) at 115.96. From this level, pair has bounced in 3 swings so far. Wave W is expected to complete at 117.96 – 118.32 area, then it should pullback in wave X before potentially another leg higher to finish wave (X) for a […]
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$USDJPY Short Term Elliott Wave Analysis 01.21.2016
Read MoreShort term Elliott Wave cycle suggests decline from wave X at 118.38 is unfolding in a double three structure where wave ((w)) ended at 115.96 and wave ((x)) bounce is proposed complete at 117.48. While below 117.48, but more importantly as far as 118.38 pivot stays intact, pair is expected to resume lower in wave ((y)) towards […]