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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$USDJPY remains a buy the dips market
Read MoreUSDJPY mid-longer term cycles remain bullish when we view the recent pullback to be wave ( 4 ). Either way, we remain bullish on the pair to continue to view dips as a buying opportunity [jwplayer mediaid=”100502″]
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$USDJPY (7.26.2013)
Read MoreWave (( b )) high appears to be in place @ 100.87 and wave ( b ) of (( c )) also appears to have completed @ 100.46 . While below 99.41 expect further weakness in the pair toward 97.56 (equal legs) to complete a corrective down cycle from 101.54. Further support comes @ 1.236 […]
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$USDJPY (7.25.2013)
Read MoreWave (( b )) high appears to be in place @ 100.87 and wave ( b ) of (( c )) also appears to have completed @ 100.46 . As the lower level holds, expect to see further losses in the pair toward equal legs (97.55) before it attempts to resume the rally. We are […]
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$GBPCHF (7.17.2013)
Read MorePair made a marginal new low before making a strong move to the upside. We have not yet broken 1.4347 – 1.4370 zone but there is enough number of swings in place to call wave X completed. Thus, we expect higher price as price stays above 1.4187 low.
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$USDJPY (7.13.2013)
Read MoreWave X is thought to be complete . Expect resistance between 99.86 – 100.26 to reject for completion of wave (( b )) and further losses in the pair.
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$EURAUD (7.5.2013)
Read MoreWave (( b )) is thought to be complete. Expect a recovery toward 1.4204 – 1.4250 before the pair turns lower again toward 1.3800 to complete wave (( 4 )).