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Elliott Forecast

Eric Morera

Elliott Wave View: Near Term CADJPY Should Continue higher.

June 2, 2022 By

Short Term Elliott Wave View in CADJPY suggests cycle from April 20, 2022 high has ended with wave ((2)) at 97.73. Pair rallies from that level building an impulsive structure as wave 1 ended at 101.16. Then we saw a as wave 2. Down from wave 1 high, wave ((a)) ended at 99.10, pullback in wave ((b)) ended at 100.39. Then pair drop again in wave ((c)) ended at 98.28 and complete wave 2.

Pair continued with a rally doing a leading diagonal as wave ((i)) ended at 99.59 and wave ((ii)) correction ended at 99.27. Wave ((iii)) has been extended. In lesser degree wave (i) of ((iii)) completed at 99.67. Small pullback as wave (ii) ended at 99.27. Then a strong rally appeared finishing wave (iii) at 101.96. Wave (iv) was shallow at 101.53 and the last rally to complete wave (v) of ((iii)) ended at 103.11. Near term, wave ((iv)) pullback could be done already at 102.50 and we should continue the rally to look for complete wave ((v)) of 3 and wave 3. If pair breaks lower 102.50, then ((iv)) should enter in a double correction before continue with the rally.

CADJPY 60 Minutes Elliott Wave Chart

CADJPY Elliott Wave Video

Source:-forecast.com/news/elliott-wave-view-near-term-cadjpy-continue-higher/

#elliottwave #trading #CADJPY

02/06/2022 1 EN

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Elliott 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 thousands of clients. ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

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