In this interview by Dale Pinkert at July 13 2015, our senior technical analyst Hendra Lau explained how $AUDJPY should see more downside move due to the Elliottwavestructure is showing a 5 swing sequence from 11/2014 peak. Hendra also uses $EURCAD long term chart to argue how forex market is trading in a corrective structure (3 waves) as opposed to 5 waves. The $EURCAD is also showing a 5 swing sequence in the weekly chart which suggests more downside in the pair. For further reading and tips, feel free to read our technical articles at Technical Blogs, check Chart of The Day, or take 14 days FREE trial
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