$CADJPY Short-Term Elliott Wave Analysis
Short term Elliottwave structure suggests dips to 84.15 ended wave ((x)). Rally from there is unfolding in a double correction where wave (w) ended at 86.22, and wave (x) ended at 84.78. Near term, wave x pullback is in progress with an ideal target of 85.3 - 85.5 (50 - 61.8 back of the rally from 84.78), then as far as wave (x) pivot at 84.78 stays intact, pair still has scope to resume higher again towards 86.9 - 87.55 area to end at least the cycle from 3/15 low and quite possibly also end the cycle from 2/11 low. A minimum of 3 waves pullback is expected once the bounce is complete in 86.9 - 87.55 area to correct the rally from 3/15 low and 2/11 low.
At EWF we offer 24 hour coverage of 50 instruments from Monday - Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Free Trial to sample everything EWF has to offer.