• 12 hours Homeowners Experiment With Risky New Investment Trend
  • 15 hours U.S. Tech Stocks Look Increasingly Vulnerable
  • 18 hours De Beers To Expand World’s Most Profitable Diamond Mine
  • 20 hours Ford CEO Gets Raise After Massive Layoff Round
  • 1 day Germany’s Flirtation With Recession Could Cripple The Global Economy
  • 2 days Where To Look As Gold Miners Inch Higher
  • 2 days Google Faces Billions In Fines From European Regulators
  • 3 days The Energy Industry Has A Millennial Problem
  • 3 days Russian Banks Scramble For Sanction Loopholes
  • 4 days Gold ETFs Take A Hit After Four-Month Run
  • 4 days European Union Takes Aim At Ten New Tax Havens
  • 5 days Goldman Defends Trillion-Dollar Corporate Buyback Spree
  • 5 days $600 Billion At Risk As Boeing Fallout Continues
  • 5 days Venezuela Has Yet Another Crisis Developing
  • 5 days Wells Fargo Accused Of “Ongoing Lawlessness”
  • 6 days Hollywood Agency Returns $400M Investment To Saudi Wealth Fund
  • 6 days Why Twitter's CEO Is Backing A New Bitcoin Boom
  • 6 days U.S. Treasury To Employ “Extraordinary Measures” To Fend Off Default
  • 6 days Lobster, Golf Carts And Fidget Spinners: What’s In The Federal Budget?
  • 7 days Italy Launches New Welfare Experiment
Lending: The Good, Bad, And Ugly

Lending: The Good, Bad, And Ugly

Aristotle said, “The most hated…

The Chatroom Cartel Running Global Bond Markets

The Chatroom Cartel Running Global Bond Markets

Eight major banks have been…

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