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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GBPJPY Found Sellers At The Blue Box Area
Read MoreIn this blog, we are going to take a look at the Elliottwave chart of GBPJPY. The 4 hour chart update below from 15 April shows that the cycle from December 12, 2019 high unfolded as 5 waves impulsive structure. Wave 1 ended at 141.14 low. The bounce in wave 2 as a flat correction […]
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EURJPY: Rejection in Blue Box Starts Next Leg Lower
Read MoreEURJPY has been under pressure since forming a lower high 121.15 on 25th March. It is yet to break below 10th March low but the bounces look corrective which increase the likelihood of a break lower. Moreover, other Yen pairs like CADJPY and SEKJPY are showing incomplete bearish sequence which also supports the idea of […]
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Rupiah at Weakest Level Since 1998 Asia Financial Crisis
Read MoreIndonesian Rupiah eased to 15,800 per US dollar last Friday after inching closer to break the 1998 Asia crisis peak at Rp 16,850. The high this month at Rp 16,738 came very close to break the previous all-time high. The COVID-19 pandemic prompted investors to dump emerging market currencies. The money flows to safe haven […]
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EURCAD Elliott Wave View: Forecasting The Rally Higher
Read MoreIn this blog, we take a look at the past Elliott Wave charts of EURCAD, In which our members took advantage of the blue box areas.
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Elliott Wave View: Further Upside in AUDJPY
Read MoreAUDJPY shows incomplete sequence from April 2 low, favoring more upside. This article and video looks at the Elliott Wave path.
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Elliott Wave Forecast: USDCHF Dips Can See Support
Read MoreUSDCHF rally from March 28 low is impulsive and while dips stay above there, pair can see further upside.This article & video look at the Elliott Wave path.