• 13 hours Conspiracy Theories Set Tone For 5G Cold War
  • 14 hours Working From Home Will Transform The Energy Industry
  • 15 hours The Multi-Billion Dollar Race For A Vaccine
  • 16 hours Can Domestic Tourism Bolster Emerging Economies?
  • 17 hours Australia Considers $100 Million Investment To Kickstart Mining Industry
  • 18 hours Has Re-Opening The Economy Been Successful?
  • 19 hours Gold Miners Still Have Massive Upside Potential
  • 20 hours The Risky World Of Oil Hedging
  • 21 hours Africa Turns To Innovation Amid The Global Pandemic
  • 22 hours COVID-19 Sparked A Bicycle Boom
  • 23 hours Will Government COVID Intervention Cause Inflation?
  • 2 days The Bitcoin Miner That Is Paid To Do Nothing
  • 2 days Capital Gain vs. Capital Consumption
  • 2 days Tesla’s Latest Battery Innovation Ready For Use In China
  • 3 days China Targets Hong Kong As Cold War With US Heats Up
  • 4 days No Shirt, No Shoes, No Mask, No Service
  • 5 days Is Bitcoin Actually Worth The Energy It Uses?
  • 5 days Insurance Companies Are Turning People Away As COVID-19 Crisis Escalates
  • 5 days Mining Exploration To Drop By Nearly 30% Despite Gold Boom
  • 5 days Europe Set To Unveil Its $500 Billion 'Green Deal'
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

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

AUDJPY Short-Term Elliott Wave Analysis

Best reading of the Elliott Wave cycle suggests decline to 85.41 ended wave (4). From this level, pair has resumed rally in wave (5) as a double three structure where wave W ended at 87.58, and wave X pullback is currently in progress towards 85.75 - 86.04 area. As far as 85.41 pivot stays intact during the pullback, the pair is expected to resume higher again to complete wave 5 towards 89 area. A break below 85.41 suggests the pair is doing a double correction from 10/12 peak and may open extension lower towards 83.65 - 84.4 area.

AUDJPY 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