Elliott Wave Analysis – USDCAD & AUDJPY Intraday


I really like the short-term structure on AUDJPY, which is pointing up as nice and clear three wave set-back appears to be done near 91.00. If we are correct, then current pullback is wave (ii) that is expected to find a support at 91.30-91.50 area.
AUDJPY 1h Elliott Wave Analysis
audusd elliott wave
Traders shall be aware of a push above 1.3000 psychological level on USDCAD, possibly to around 1.3050 before pair may step into a sizeable downward correction. Notice that we see fifth wave coming within larger degree of a wave five, so gains can be limited, but intraday trend however remains bullish for now unless we see move back beneath 1.2900 swing.
USDCAD 1h Elliott Wave Analysisusdcad elliott wave
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Gregor Horvat first made his name in Slovenia and has become world famous in the forex market since 2003. He is both a trader and a technical analyst who offers trading strategies on the Fibonacci and Elliot Wave principle. His main focus is on currency pairs, U.S. stock market, gold and oil. Gregor Horvat found the forex service offered on http://www.ew-forecast.com/. This website provides traders technical analysis, while putting emphasis on behavioral patterns. These are derived from the Elliott Wave Principle (EWP). Traders who are interested in the entry and exit positions, and he probability of the former and latter follow the EWP on a regular basis.