AUDJPY Preparing for the Next Sell-Off?

AUDJPY, currently trading around 81.25, has been rising since February 11th, when the pair touched 77.58. What should we be thinking about this recovery and how high could we expect it to travel? In order to be able to answer this question, we will apply the Elliott Wave Principle to the hourly chart of AUDJPY,…

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AUDJPY to Extend The Corrective Recovery

While the big picture outlook in AUDJPY remains clearly to the south, the smaller time frames may offer some short-term bullish swings. Elliott Wave patterns could be found on all degrees of trends, which gives us the opportunity to examine the 15-minute chart, in order to see if we could recognize something. It looks like…

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AUDJPY To The Target And Beyond

It was November 11th, when we published “AUDJPY To Regain Intraday Positive Bias?”. In that article the Elliott Wave Principle helped us come to the conclusion we should expect a significant recovery in AUDJPY. The next chart shows how the forecast looked like 11 days ago. This chart was all we needed to form our…

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AUDJPY To Regain Intraday Positive Bias?

The Elliott Wave Principle is a forecasting method, based on chart analysis. It postulates that trends move in recognizable patterns, called waves. A five-wave impulse, which indicates the direction of the trend, is followed by a three-wave retracement in the opposite direction. When this 5-3 wave cycle is over, the trend resumes. The pattern could…

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Support And Resistance

If you are new to technical analysis, you may have already heard about the “levels of support and resistance”, since they are among the most important things. But what do the terms “support” and “resistance” really mean? Well, technical analysis is hard to understand without a chart, so let’s see one. A support level is…

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AUDJPY And The “Black Monday”

It has been more than four months since we published “AUDJPY: Support Becomes Resistance”. On May 1st, 2015, when AUDJPY was trading near the 94.00 mark, the Elliott Wave Principle made us believe “we should prepare for much lower levels in AUDJPY from now on”. The chart below was the one and only reason we…

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AUDJPY: Support Becomes Resistance

We have already shown you “how to recognize an unreliable support” by using the Elliott Wave Principle. The thing is that this support, once broken, often becomes resistance in the future. Just as expected in “AUDJPY Has A Major Trendline To Break”, the pair recently went through one such major support. Here is how the…

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AUDJPY Has A Major Trendline To Break

“102.84 could turn out to be a major top, because AUDJPY may have just made the first step of a long journey to the south.” This is the final sentence of an article, called “AUDJPY: Is The Rally Over?”. It was published almost two months ago, on November 26th, 2014, when the AUDJPY exchange rate was trading…

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AUDJPY With a Textbook Development

“We should not be surprised, if the support level around 100.00 gives up.” This is the last sentence of a forecast called “The Bears Are Ready To Attack AUDJPY”, which we published on November 29th, when the pair was trading close to 101. Our expectations were based on the wave structure visible on the 30-minute…

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The Bears Are Ready To Attack AUD JPY

In our previous analysis of AUDJPY we showed you the big picture outlook on this pair. Here you will see the latest details on an intraday basis. In Wednesday’s analysis there was a small chart, depicting that the recent decline from 102.84 to below 100.00 is impulsive. AUDJPY bottomed at 99.90. After that it recovered…

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AUDJPY: Is The Rally Over?

AUDJPY declined in five waves from 105.40 in April 2013 to as low as 86.30 four months later, but has been recovering ever since. Last week the pair went close to 103, but the bulls did not show enough persistence, which led to a sell-off below the 100.00 mark as of today. As always, what…

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A big move ahead for AUDJPY

Every Elliottician is more than happy, when he spots five waves in one direction, followed by three waves in the opposite. Especially if it is on a big enough time-frame chart.The one given below fits perfectly into this description. It shows the above-mentioned 5-3 Elliott Wave cycle on the daily chart of AUDJPY. AUDJPY declined in…

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