NZDJPY Blue Box Generates 600 Pips

by elliottwave-forecast.com | December 12, 2018 1:22 pm
NZDJPY has put in a strong rally over the past couple of months gain 9.14% from a low of 72.25 to a high of 78.86. Earlier this year, we advised clients and followers that pair was reaching...

NZDJPY Elliott Wave View: Impulse Sequence In Progress

by elliottwave-forecast.com | May 1, 2018 3:00 pm
NZDJPY Elliott Wave view in short-term cycles suggests that the bounce to 79.62 high ended Intermediate wave (X). Down from there, Intermediate wave (Y) remains in progress as a Zigzag Elliott Wave structure in which the first leg of...

NZDJPY Triangle Pattern (Sep 28, 2017)

by Kate Curtis | September 28, 2017 3:55 am
NZDJPY seems to be forming a triangle consolidation pattern visible on its daily time frame as it bounced off the 82.00 handle and is heading back to support around 79.00 to 79.50. Stochastic has turned lower from...

NZDJPY Breakout and Pullback (Sep 15, 2017)

by Kate Curtis | September 15, 2017 4:09 am
NZDJPY was previously consolidating inside a falling wedge formation before an upside breakout occurred. Price reached a high of 80.40 before pulling back, possibly making a retest of the broken wedge resistance. Stochastic is heading lower for...

NZDJPY Support Turned Resistance (Aug 28, 2017)

by Kate Curtis | August 28, 2017 2:45 am
NZDJPY recently broke below support at the 79.50 minor psychological level then dipped to the 78.50 mark. Price pulled up from there and applying the Fibonacci retracement tool on the latest swing high and low on the...

NZDJPY Inverse Head and Shoulders (Aug 17, 2017)

by Kate Curtis | August 17, 2017 7:22 am
NZDJPY appears to be done with its tumble as price is forming an inverse head and shoulders pattern on its 1-hour time frame. Price also seems to have broken past the neckline at 80.00 to confirm that...

Another NZDJPY Correction (Aug 14, 2017)

by Kate Curtis | August 14, 2017 3:51 am
NZDJPY continues to trend lower as its moves below a descending trend line visible on the 1-hour and 4-hour time frame. Price could be due for another pullback to the trend line, which lines up with the...

NZDJPY Trend Pullback (Aug 10, 2017)

by Kate Curtis | August 10, 2017 3:14 am
NZDJPY has been trending lower on its short-term time frames after recently bouncing off a long-term ceiling. Price is forming a descending trend line and a correction is underway. Applying the Fib retracement tool on the latest...

USDCAD Descending Channel (Feb 5, 2018)

by Kate Curtis | August 7, 2017 3:07 am
USDCAD popped up from support around the 1.2250 minor psychological level to the 1.2400 area, which lines up with an area of interest. This could also serve as resistance of the new descending channel forming on the...

NZDJPY Double Bottom Breakout (Jun 09, 2017)

by Kate Curtis | June 9, 2017 11:14 am
NZDJPY could be in for a long-term climb as it broke past the neckline of its double bottom pattern on the daily time frame. Price was unable to break below the 75.00-75.50 area in its last two...