• 13 hours 9 Ways The Lockdown Is Playing Out Around The World
  • 19 hours WeWork Sues SoftBank For Withdrawing $3 Billion Insider Payoff
  • 2 days Solving Transportation’s Biggest Problem
  • 2 days Big Banks Could Win Big On Fed Small Business Bailout
  • 2 days Trump Increases Pressure On Venezuela
  • 2 days Researchers Create Organic Battery
  • 3 days Gold Is Still A Safe Haven, But Not Very Alluring
  • 3 days China Is Buying Up Billions Of Barrels Of Cheap Crude Oil
  • 4 days Are Gold Stocks Going To Bounce Back?
  • 4 days The Politics Of A Pandemic
  • 5 days What Does CHina’s EV Slowdown Mean For The Battery Metals Sector?
  • 6 days COVID Report Cards Will Brand Businesses Forever
  • 6 days Trump Tweet Sends Oil Soaring 25%
  • 7 days Why The Coronavirus Economic Crash Is Worse Than You Think
  • 7 days Is A Global Currency Necessary?
  • 8 days America Has Shed 500,000 Millionaires Since The Coronavirus Lockdown Began
  • 8 days Trump Wants Another $2 Trillion Economic Intervention
  • 9 days The Surprising Businesses Deemed “Essential” During The Coronavirus Lockdown
  • 9 days Priceless Van Gogh "Spring Garden" Painting Stolen
  • 9 days Oil Falls To $20 For First Time In Nearly Two Decades
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

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