Elliott Wave View: EURJPY Should Extend Lower
EURJPY has ended the cycle from Jan 3, 2019 low at 127.5. We label this rally from Jan 3 to March 1, 2019 as wave ((X)). This means the pair is in the initial stage of turning...
Tag: EURJPY
EURJPY : Trading Elliott Waves with Market Patterns
EURJPY SELL/SHORT Trade : Elliott Wave count for EURJPY shows wave ((a)) completed starting from the March 1/2019 highs and has since corrected higher to terminate possibly the wave ((b)) at the March 5/2019 high. Using Market...
EURJPY Elliott Wave View: Ended 5 Waves Advance
EURJPY short-term Elliott wave view suggests that the decline to 124.87 low ended intermediate wave (2) pullback of a leading diagonal structure from 5/29/2018 cycle. Above from there, the rally higher is taking place as Elliott wave zigzag structure within intermediate wave (3)...
EURJPY Elliott Wave Analysis: Pullback can Provide Buying Opportunity
EURJPY short-term Elliott wave analysis suggests that the decline to $126.63 on 6/19 low ended intermediate wave (2) pullback. Up from there, intermediate wave (3) remains in progress as Elliott wave impulse. The internals of Minor wave 1 is unfolding...
Elliott Wave Analysis: EURJPY Has a Bearish Sequence
EURJPY short-term Elliott Wave view suggests that the bounce to 5/14 high at 131.38 ended Minor wave B. Down from there, the decline is unfolding as Elliott wave impulsive structure in Minor wave C lower. The internal sub-division of each leg...
EURJPY Short-Term Downtrend (Feb 27, 2018)
EURJPY is trending lower inside a descending channel pattern and is about to test the resistance. This lines up with the 200 SMA dynamic inflection point, which adds to its strength as resistance. The 100 SMA is...
EURJPY Channel Breakdown (Feb 16, 2018)
EURJPY had been trading inside an ascending channel pattern and price has broken below support. This signals that a reversal from the uptrend is underway, although additional confirmation could still be needed from technical indicators. The 100...
EURJPY Ascending Channel (Feb 06, 2018)
EURJPY suffered a steep drop recently but is currently pausing at the bottom of its ascending channel on the 4-hour time frame. A bounce off this region could take price up to the resistance at 137.25-137.50. The...
EURJPY Resistance Retest (Dec 22, 2017)
EURJPY recently broke to the upside of its descending channel visible on its 4-hour time frame. Price rallied close to the 135.00 handle before making a pullback and using the Fib tool shows the nearby support levels....
EURJPY Channel Support (Dec 07, 2017)
EURJPY is still trading inside its shallow descending channel visible on the 4-hour time frame and is making its way back down to support at 131.50. A bounce from this area could take it back up to...