• 655 days Will The ECB Continue To Hike Rates?
  • 655 days Forbes: Aramco Remains Largest Company In The Middle East
  • 657 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,057 days Could Crypto Overtake Traditional Investment?
  • 1,062 days Americans Still Quitting Jobs At Record Pace
  • 1,064 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,067 days Is The Dollar Too Strong?
  • 1,067 days Big Tech Disappoints Investors on Earnings Calls
  • 1,068 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,070 days China Is Quietly Trying To Distance Itself From Russia
  • 1,070 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,074 days Crypto Investors Won Big In 2021
  • 1,074 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,075 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,077 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,078 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,081 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,082 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,082 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,084 days Are NFTs About To Take Over Gaming?
Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast

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…

Contact Author

  1. Home
  2. Markets
  3. Other

CADJPY Short-Term Elliott Wave Analysis

Best reading of the Elliott Wave cycle suggests there are 5 swings from wave (X) low at 10/28 and another swing higher is ideal to complete a 7 swing structure as far as 92.12 pivot stays intact. Rally from wave (X) low at 90.56 is unfolding in a double three structure where wave W ended at 92.97, wave X is proposed over at 92.12, and wave Y is currently in progress. As far as 92.12 pivot is holding, pair is expected to resume higher in wave Y towards 94.5 - 95.1 area to end the cycle from 10/28 low, then it should turn lower at least in 3 waves per Elliott Wave hedging idea.

CADJPY Short-Term Elliott 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