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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$CAD/JPY Short Term Elliott Wave Update 8.4.2015
Read MoreThe short term Elliott Wave structure suggests the pair should be closing in on the completion of the blue (w) into the 94.00 handle. We expect the pair to rally in a corrective 3, 7, or 11 wave structure off this inflection zone to form blue (x) wave higher in the near term. This three […]
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Elliottwave Analysis on $AUD/NZD 8.3.2015
Read MoreThis is an Elliott Wave Analysis video update on $AUD/NZD. This pair is not part of the 42 instrument we cover. If you are interested to learn more about Elliott Wave or how we can help you, click to join FREE 14 days trial. Follow 4 Hour Elliott Wave chart update for this pair @cmellon1976
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AUDJPY Running Triangle Structure
Read MoreTriangle is an Elliott wave pattern seen during sideways market consolidations, it is composed of 5 corrective sequences. This pattern presents a balance of forces between buyers and sellers, causing a sideways movement that is usually associated with decreasing volume and volatility. Triangle is continuation pattern which breaks in direction of the preceding move. It could […]
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$CAD/JPY Short Term Elliott Wave Analysis 7.28.2015
Read MoreWave ((w)) decline from 97.16 is unfolding in a double three structure (w)-(x)-(y) where wave (w) ended at 95.35, wave (x) ended at 96.04, and wave (y) is in progress towards 93.84 – 94.26 to complete wave ((w)). From this area, the pair is expected to bounce in wave ((x)) before resuming lower again. We don’t […]
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$AUD/JPY Short Term Elliott Wave Update 7.24.2015
Read MoreDecline to 89.19 completed wave (W), and pair has since bounced in wave (X) from this level. Short term Elliott Wave view suggests wave (X) bounce is unfolding in a double corrective structure W-X-Y where wave W ended at 92.43, and wave X is in progress towards 90.44 – 90.83. Once wave X is complete, the pair has a scope to […]
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Elliottwave Analysis Update on $EUR/CAD 7.23.2015
Read MoreThis is an Elliott Wave Analysis video update on $EUR/CAD. This pair is not part of the 42 instrument we cover. If you are interested to learn more about Elliott Wave or how we can help you, click to join FREE 14 days trial. Follow 4 Hour Elliott Wave chart update for this pair @cmellon1976