• 717 days Will The ECB Continue To Hike Rates?
  • 717 days Forbes: Aramco Remains Largest Company In The Middle East
  • 719 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,119 days Could Crypto Overtake Traditional Investment?
  • 1,124 days Americans Still Quitting Jobs At Record Pace
  • 1,126 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,129 days Is The Dollar Too Strong?
  • 1,129 days Big Tech Disappoints Investors on Earnings Calls
  • 1,130 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,132 days China Is Quietly Trying To Distance Itself From Russia
  • 1,132 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,136 days Crypto Investors Won Big In 2021
  • 1,136 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,137 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,139 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,140 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,143 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,144 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,144 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,146 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

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

Short term Elliottwave structure suggests cycle from 5/12 peak (85.48) is unfolding as a flat where wave A ended at 82.88 and wave B ended at 85.51. Wave C is in progress as 5 waves where wave 1 of C ended at 82.65, wave 2 of C ended at 84.57, wave 3 of C ended at 79.3 and wave 4 of C is proposed over at 81.24. While bounces now stay below wave 4 of C at 81.24, expect pair to resume lower in wave 5 of C towards 77.34 - 78.89 area to finish a flat structure from 5/12 peak. If pair breaks above 81.24, then it's still in wave 4 of C correction and should see extension higher to correct the decline from wave 2 of C at 84.57 before pair turns lower. We don't like buying the pair and expect continuation lower against 81.24 in the first degree, and against wave 2 at 84.57 in the second degree.

CAD/JPY Short-Term Elliott Wave Analysis Chart
Larger Image

 


At EWF we offer 24 hour coverage of 50 instruments from Monday - Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Free Trial to sample everything EWF has to offer.

 

Back to homepage

Leave a comment

Leave a comment