• 16 hours Renters Are Striking As COVID Reshapes Real Estate
  • 24 hours Nothing Can Stop The Tesla Boom
  • 2 days 9 Ways The Lockdown Is Playing Out Around The World
  • 2 days WeWork Sues SoftBank For Withdrawing $3 Billion Insider Payoff
  • 3 days Solving Transportation’s Biggest Problem
  • 3 days Big Banks Could Win Big On Fed Small Business Bailout
  • 3 days Trump Increases Pressure On Venezuela
  • 3 days Researchers Create Organic Battery
  • 4 days Gold Is Still A Safe Haven, But Not Very Alluring
  • 4 days China Is Buying Up Billions Of Barrels Of Cheap Crude Oil
  • 5 days Are Gold Stocks Going To Bounce Back?
  • 5 days The Politics Of A Pandemic
  • 6 days What Does CHina’s EV Slowdown Mean For The Battery Metals Sector?
  • 7 days COVID Report Cards Will Brand Businesses Forever
  • 7 days Trump Tweet Sends Oil Soaring 25%
  • 8 days Why The Coronavirus Economic Crash Is Worse Than You Think
  • 8 days Is A Global Currency Necessary?
  • 9 days America Has Shed 500,000 Millionaires Since The Coronavirus Lockdown Began
  • 9 days Trump Wants Another $2 Trillion Economic Intervention
  • 10 days The Surprising Businesses Deemed “Essential” During The Coronavirus Lockdown
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…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Gregor Horvat

Gregor Horvat

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for…

Contact Author

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis: CADJPY and NZDUSD

CADJPY

CADJPY moved to a new swing high but is now reversing lower, ideally into a new three wave correction which can stop at 85.00 region. On the other-hand, decline with sharp price move towards 84.64 swing will suggest that rally from 84.17 was only a temporary bounce; a three wave move within still larger and ongoing dowtrend on higher time frame charts.

CADJPY, 1H

CAD/JPY 1-Hour Chart


NZDUSD

NZDUSD is not moving much, but is trading out of a downward acceleration channel which normally indicates a completed extended third wave. As such, new corrective fourth wave can already be here; wave 4 that can rise up to 0.6980-0.7000 resistance area from where we will expect a new decline next week.

NZDUSD, 1H

NZD/USD 1-Hour Chart

 


Visit our website and Get more charts and forecasts with free access through 14-Day Trial Offer
You can also follow us on twitter @ewforecast
www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment