USDCAD and GBPJPY Intraday

By: Gregor Horvat | Wed, Aug 12, 2015
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GBPJPY is in a pullback from 195.00 where we labeled end of a wave D within a triangle. Price came down nearly 160 pips so far which looks like a wave E in progress; a final leg that can complete wave B) correction around 192.50-193.00 area.

GBPJPY 4h Elliott Wave Analysis

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USDCAD is in a complex downward correction after falling to a new low today. So we labeled end of wave X near 1.3155 as part of a double zigzag. Ideally market will reach levels around 1.2860-1.2900 before support may be found that will send price up into a new impulse.

USDCAD 1h Elliott Wave Analysis

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Gregor Horvat

Author: Gregor Horvat

Gregor Horvat

Gregor Horvat

Grega is based in Slovenia and has been involved in markets since 2003. He is the owner of, but before that he was working for Capital Forex Group and His feature articles have been published on:,,, Action forex, Forex TV, Istockanalyst, ForexFactory,,, etc. He recently won the award on for Best Forex Analysis in 2016. At he helps clients and educate them about the Elliott wave prinicple and how to label and track unfolding patterns in real time.  His approach to the markets is mainly technical. He uses a lot of different methods when analyzing the markets such as candlestick patterns, MA, technical indicators etc. His specialty however is Elliott Wave Theory which could be very helpful especially if you know how to use it in combination with other tools/indicators.

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