"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 1 day Economists Polarized On Trump’s Tariff Plan
  • 2 days Why Are Investors Overlooking Gold Stocks?
  • 2 days The App That Democratized Trading Is Now Worth $5B
  • 2 days Super-Cycles: Why Gold Is Set For A Breakout
  • 2 days U.S. Sanctions Russia For Election Meddling And Cyberattacks
  • 2 days Snap Shares Tank Over ‘Slap Rihanna’ Campaign
  • 2 days How Low Can Bitcoin Go?
  • 2 days Amazon’s Japan HQ Raided In Anti-Monopoly Push
  • 2 days Is Barrick Gold Close To Finding A Bottom?
  • 3 days Morgan Stanley’s Top 10 Short-Term Stock Picks
  • 3 days China: The Land Of The Ultra-Rich
  • 3 days Alibaba Soars On Reports Of China Listing
  • 3 days What Killed Toys ‘R’ Us?
  • 3 days SEC And IRS Take An Aggressive Stance On Cryptocurrencies
  • 3 days Bears And Bulls Face Off In Gold Markets
  • 3 days Bitcoin Is Winning Over The Housing Market
  • 3 days Markets Slide Sideways As Trade War Fears Linger
  • 4 days Why Aren’t Millennials Investing?
  • 4 days Bitcoin And Banking: The Next Mobile Payment Revolution
  • 4 days SEC Cracks Down On Silicon Valley’s “Disruptive Tech”
Alibaba Soars On Reports Of China Listing

Alibaba Soars On Reports Of China Listing

Chinese e-commerce giant Alibaba saw…

Can This Bull Market Become The Longest In History?

Can This Bull Market Become The Longest In History?

Positive job growth and confident…



Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to…

More Info

CAD/JPY Short-Term Elliott Wave Analysis

Short term Elliott Wave view suggests wave ((w) decline from 96.16 is in progress and taking the form of a double three wxy where wave w ended at 94.09, wave x bounce is in progress and expected to complete at 94.94 - 95.37 as a FLAT, then it should turn lower one more leg in wave y towards 92.74 - 93.4 equal leg area to complete wave ((w)).

Alternatively, from 94.94 - 95.37 area, the pair can pullback 50% retracement to correct rally from 94.09 then go higher again in 7 swing to complete wave x bounce, but even in this alternate scenario, the bounce is still expected to fail below 96.16 for the next leg lower in wave ((w)) towards 92.74 - 93.4. From this area, the pair is expected to see a larger bounce in wave ((x)) before going lower again. We don't like buying the proposed wave ((x)) bounce and expect the bounce to fail below 96.16 in 3, 7, or 11 swing.

CAD/JPY Short-Term Wave Analysis Chart
Larger Image


If you would like to have an access of EWF analysis in real time, click here and feel free to join us. We provide Elliott Wave charts in 4 different time frames, 2 live webinars by our expert analysts every day, 24 hour chat room support, market overview, daily and weekly technical videos and much more.


Back to homepage

Leave a comment

Leave a comment

Sign Up For The Safehaven Newsletter