By 
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, […]
-
Elliott Wave View: GBPJPY Decline Extends in Wave 3
Read MoreGBPJPY has resumed the decline lower within wave 3, favoring more downside while below May 1 high. This article and video look at Elliott Wave path.
-
CHFJPY Sellers Appeared At Blue Box Area
Read MoreIn this blog, we are going to take a look at the Elliott Wave chart of CHFJPY. The 1 hour weekend chart update from 26 April shows that CHFJPY ended wave (ii) bounce at 111.39 high. From there, the pair extended lower and broke below previous wave (i) low. The decline ended at 109.83 low. […]
-
Elliott Wave View: Rally in EURJPY Expected to Fail
Read MoreEURJPY broke below September 3, 2019 low (115.86) and pair now shows a lower low sequence from February 2018 high and January 2020 high as the video below explains. Near term, decline from April 7, 2020 high is unfolding as a 5 waves impulsive Elliott Wave structure. Down from April 7, wave (i) ended at […]
-
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 […]
-
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 […]
-
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 […]