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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AUDJPY Rallies From The Blue Box
Read MoreAUDJPY reacts at the bue box area The 1 hour AUDJPY chart below is from 3/26/2021. The pair reached the blue box down from the blue wave (3) peak. In blue wave (4), the pair subdivided into red A-B-C zig zag . As one would expect, red waves A and C were impulse waves. In red […]
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Elliott Wave View: GBPJPY Ended Correction
Read MoreRally from September 21, 2020 low in $GBPJPY is unfolding as a 5 waves impulse Elliott Wave structure. Up from September 21, 2020 low, wave (1) ended at 140.7 and pullback in wave (2) ended at 136.79. Pair resumed higher again and ended wave (3) at 152.55 as 1 hour chart below shows. Wave (4) […]
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EURCAD Reacts Lower After Findings Bears In The Blue Box
Read MoreEURCAD Found sellers in the blue box, and reacts lower. The 1 hour EURCAD chart below is from 3/23/2021 Asia update. In it, we see continuation of clear impulse wave in black wave ((iii)) down from the blue wave (ii) peak at 1.528360. Blue wave (ii) itself corrected blue wave (i) which preceeded it. As per Elliott wave […]
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Elliott Wave View: CADJPY Upside Remains Favored
Read MoreCADJPY rally in an impulsive structure and structure is likely incomplete due to lack of divergence. This article and video look at the Elliott Wave path.
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Elliott Wave View: AUDUSD Rallies Post Fed Meeting
Read MoreAUDUSD has started the next leg higher after the FOMC meeting. This article and video look at the short term Elliott Wave path.
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Elliott Wave View: CADJPY Impulse Rally In Progress
Read MoreRally from March 1, 2021 low remains in progress in CADJPY as an impulse. This article and video look at the short term Elliott Wave path.