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

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around 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