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