Elliott Forecast - Elliott Wave View: NZDJPY Turns Lower After 3 Waves Rally | ResearchPool

Almost there...

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

First Name*

Last Name*

Country*

Email*

Password* ( 6 or more alphabetic and numerical characters )

Get financial insights straight to your inbox

YES

I have read and accept ResearchPool Terms & Conditions, and Privacy Policy, including our Cookie Use Policy

Already on ResearchPool? Login Now

Report

Elliott Forecast

Eric Morera

Elliott Wave View: NZDJPY Turns Lower After 3 Waves Rally

February 15, 2022 By

Short term Elliott Wave view in NZDJPY suggests that decline from January 5, 2022 peak is unfolding as a 5 waves impulse structure. Down from January 5 peak, wave (1) ended at 75.24 on January 28 and rally to 78 ended wave (2) on February 10. Internal subdivision of wave (2) unfolded as a . Up from wave (1), wave W ended at 76.78, pullback in wave X ended at 75.96, and wave Y ended at 78 which also completed wave (2).

Wave (2) in this case ended at the 100% – 161.8% Fibonacci extension of wave W, suggesting the entire rally from wave (1) low is corrective 3 waves. Pair has turned lower in wave (3) but to rule out a double correction, pair still needs to break below wave (1) at 75.24. Down from wave (2), wave ((i)) ended at 76.9 and wave ((ii)) rally ended at 77.53. Wave ((iii)) ended at 76.35, wave ((iv)) ended at 76.93, and wave ((v)) of 1 ended at 75.85. Wave 2 rally is in progress to correct cycle from February 11 high in 3, 7 or 11 swing before pair resumes lower. Near term, as far as pivot at 78 high remains intact, expect rally to fail in 3, 7, or 11 swing for further downside.

NZDJPY 45 Minutes Elliott Wave Chart

NZDJPY Elliott Wave Video

Source:

#elliottwave #trading #nzdjpy

15/02/2022 1 EN

Provider

Elliott Forecast

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.

See profile

Analysts

Eric Morera

Other Reports from Elliott Forecast

Eric Morera

Eric Morera

Elliott Wave Expects Silver (XAGUSD) Pullback to Find Support

Elliott Wave Expects Silver (XAGUSD) Pullback to Find Support May 17, 2024 By Short Term Elliott Wave in Silver (XAGUSD) suggests the metal rallies in impulsive structure from 10.3.2023 low. Up from there, wave (1) ended at 25.91 and dip sin wave (2) ended at 21.94. The metal then extended higher in wave (3) towards 29.79. Pullback in wave (4) ended at 26.02 as the 1 hour chart below shows. The metal has resumed higher in wave (5). Internal subdivision of wave (5) is unfolding as a . Up from wave (4), wave ((i)) ended at 27.51 and pullback in wave ((ii)) ended at 26.99. Silver then e...

15h / 41m 15h / 41m 1 EN

Eric Morera

Eric Morera

Elliott Wave Analysis on SPX Looking to Extend Higher in Impulsive Structure

Short Term Elliott Wave in SPX suggests that the Index ended wave (4) pullback at 4953.98. From there, it rallies higher in wave (5) as a Elliott Wave structure. Up from wave (4), wave ((i)) ended at 5121.45 and dips in wave ((ii)) ended at 5013.45. The Index is nesting higher within wave ((iii)). Up from wave ((ii)), wave (i) ended at 5200.23 and pullback in wave (ii) ended at 5176.63. Wave (iii) higher is still developing. We can see another nest formed as part of wave (iii). Up from wave (ii), wave i finished at 5229.58 and pullback in wave ii ended at 5211.16. Then, SPX did a st...

May 16, 2024 May 16, 2024 1 EN

Eric Morera

Eric Morera

Ethereum (ETHUSD) : Incomplete Sequences Calling the Decline

In this technical article we’re going to take a quick look at the of Ethereum ETHUSD , published in members area of the website. As our members know, ETHUSD is showing incomplete sequences in the cycle from the March peak. Consequently we expect more weakness in short term. Ethereum is targeting 2700.3-2057.9 area , where we would like to be buyers again. Recently the crypto made 3 waves bounce and found sellers as expected. In further text we are going to explain Wave forecast. ETHUSD H1 London Update 05.06.2024 ETHUSD is doing a ((iv)) recovery, which is correcting the cycle from...

May 15, 2024 May 15, 2024 2 EN

Read more reports

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?