• 386 days Could Crypto Overtake Traditional Investment?
  • 391 days Americans Still Quitting Jobs At Record Pace
  • 393 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 396 days Is The Dollar Too Strong?
  • 396 days Big Tech Disappoints Investors on Earnings Calls
  • 397 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 399 days China Is Quietly Trying To Distance Itself From Russia
  • 399 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 403 days Crypto Investors Won Big In 2021
  • 403 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 404 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 406 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 407 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 410 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 411 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 411 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 413 days Are NFTs About To Take Over Gaming?
  • 414 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 417 days What’s Causing Inflation In The United States?
  • 418 days Intel Joins Russian Exodus as Chip Shortage Digs In
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…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

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 Elliott Wave Analysis: Extension Lower after Bounce

Short term Elliott Wave count suggests that rally to 79.13 ended wave X. Decline from there is unfolding as a double three where wave ((w)) ended at 75.95 and wave ((x)) bounce is in progress as a double three towards 77.77 – 78.15 area before the decline resumes. As far as pivot at 79.16 stays intact in the bounce, expect the pair to extend lower towards 73.6 – 74.35 area. We don't like buying the proposed bounce.

AUD/JPY 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