CADJPY shows a bullish sequence from the August 02 2022 low suggesting further upside is likely. The Rally from the August 02 low is unfolding as an impulse Elliott Wave structure. high from August 02 down, wave 1 ended at 105.100, and the decline in wave 2 ended at 102.600 as the 1-hour chart below shows. Pair has resumed higher in wave 3 which subdivides into another impulse to a minute degree.
low from wave 2, wave ((i)) ended at 106.800, and the decline in wave ((ii)) ended at 105.460. The internal subdivision of wave ((ii)) took the form of a zig-zag. Up from wave ((i)), wave (a) ended at 105.580, wave (b) ended at 106.100, and wave (c) of ((ii)) ended at 105.460. The pair then turned higher in wave ((iii)). Near term, as far as pivot at 102.600 low stays intact, expect the decline to fail in 3, 7, or 11 swings for further upside. The potential target high is 100% – 161.8% Fibonacci extension from 8.02.2022 up at 106.280 – 108.570 and already reached but still, we don’t get wave 3 minor degree because the rally has created extension in the meantime we can see further upside, Elliott wave view: CADJPY Should Continue to Extend Higher.
In the constantly changing world of financial analysis, Machine Learning (ML) and Elliott wave theory (EWT) are becoming essential tools. Combining these two methods could transform market forecasting, providing exceptional
Cryptocurrency trading has become more than just a trend; It is a global phenomenon that has attracted the attention of both experienced investors and newcomers alike. In this comprehensive guide,
The short-term Elliott wave view in BTCUSD suggests that the decline from March 28, 2022, High is unfolding as an impulse structure favoring some more downside. Down from 03/28/2022 high,
The short-term Elliott Wave view on AUDUSD suggests that the cycle from the 8.11.2022 high is in progress as a 5 waves impulse structure. Down from the 8.11.2022 high, wave
Candlestick patterns are important in trading analysis. They show market sentiment and potential price changes. Knowing these patterns helps traders understand market behavior better than just looking at prices. What
High-Frequency Trading: A high-frequency trading system is a trading technique that utilizes strong PC projects to execute many trades in a negligible part of a second. This is a sort
Cookie | Duration | Description |
---|---|---|
cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |